News and current information for our surety bond clients.
Mary Wyatt can smile about it now. Even laugh about it. About how she didn’t even know how to tighten a hard hat the first time she put one on. About how little she knew about construction just two years ago. No more than dinner-table conversation with her husband John, president of Wyatt General Contractor, LLC at their Vestavia Hills …
The city of Ada took action last week that could result in a lawsuit against the company that built the Wintersmith Park Music and Movie Venue, over allegations that the completed facility did not meet the city’s specifications. On Monday, the Ada City Council declared the Tulsa-based Timbrel Building Co. in default on its contract and authorized the city to …
For the first time, the White House has put into writing an outline of President Trump’s long-promised and often-hyped plan to pour as much as $1 trillion into rebuilding the nation’s infrastructure. It did not leave Trump’s would-be negotiating partners impressed. Read the entire article >>>
The American Institute of Architects’ standardized contract series is widely used across the construction industry, in addition to options from competitors like ConsensusDocs and the Design Build Institute of America. When the AIA issues revisions to its contract documents every 10 years, it garners a good deal of attention, as these changes can impact all project stakeholders. Tell me …
When it comes to the Raiders’ off-field play, the team boasts an impressive win streak. First, the team played a key role in securing $750 million worth of tax dollars to support a domed $1.9 billion stadium just off the Las Vegas Strip. Then the Raiders informed the Las Vegas Stadium Authority that the NFL needs an approved lease agreement …
The US construction industry experienced an optimistic 2016 with modest, steady growth across all sectors. Despite seasonal swings and uncertainty in the potential impact of regulatory and legislative changes, US construction continues its gradual progress forward according to JLL’s Q4 2016 US Construction Outlook report. Read more here>>>
KINGSTON, N.Y. >> HealthAlliance of the Hudson Valley has yet to hear from state officials on its September application to expand one hospital campus and to convert the other into a “medical village.” In a brief email last week, Marketing Director Lynn Nichols said there was no new information on HealthAlliance’s application to the state Health Department. “We do not …
The battle with Julian Development and its handling of the town’s partially contaminated fill pile has found its way to court. The town has filed suit in state Superior Court in Bridgeport against Julian, seeking up to $3 million in payment over the fill pile on One Rod Highway. Claiming a breach of contract, the town has filed a request …
When Boston-based Pembroke Real Estate bought the 430K SF office building at 1201 New York Ave. NW in 2006, the adjacent City Center DC was still in the planning stages, and central business district rents were still low enough to fill buildings with federal government tenants. Read more here>>>
When Holland Park finally reopens for good in June, there’ll be the inevitable reflections about the project being a year behind schedule, about how the city had to fire the original contractor and invoke the surety bond on the $4.7 million contract, and the city itself might even get some of the blame. Read the full article >>>
