Below is a good article on the current state of the construction industry. As you know, things are really in flux. Although things seem to be going ok, there are significant headwinds to every project, which ranges from supply chain worries, soaring costs...
Below is a good article on how companies, including surety bond companies, rely upon proper accounting and representations. In the case below, the accountant created a misleading audit, which they knew were misleading and which they knew the surety bond company...
Below is a good article on the infrastructure plan. As you know, the current proposal is massive. This size includes giving something to everyone, which makes it risky. Most of our bond clients are for construction - surety bonds (whether it...
2020 has come and gone. In 2020, there were plenty of layoffs across the US. That said, the labor woes in construction were not resolved and many construction firms are struggling mightily to get more workers. See the article below on the labor woes in...
This is a good article for our construction clients on why sureties are so focused on bid spreads and how much you bid as compared with your peers. Specifically, bidding too low. Although it's great that you got the job, the surety will want to be sure that you...
This is a good article for our construction clients for information on the massive increase of raw materials and its impact on jobs. It seems like prices are increasing daily and its affecting the bottom lines for our clients. Most of our bond clients are for...
