Robert Murray's Articles

Surety Bonds, LOCs and Parental Guarantees: What’s the Difference?

To address the security need, owners and contractors can be faced with a choice between traditional surety bonds and letters of credit (LOC). Additionally, parental guarantees are often included as a supplement or substitute for the security. These alternatives have unique implications that should be considered by contractors and owners when choosing the best path.

//to add proper spacing in between panes
 

What is your proudest safety moment?
"M. Davis & Sons is a fifth generation construction company that builds, installs...

7,300 Wishes and Counting
When Mike Ryan, president of LandTek Group, Amityville, N.Y., hired Marty Lyons...

Clearing the Air: OSHA’s New Construction Silica Standard
In March 2016, OSHA issued its long-anticipated final rule on respirable crystalline...

A Potential Gap in Indemnity Coverage
Commercial contracts in the construction industry generally contain indemnity...

View this month's Digital Edition
Construction Executive
Print magazine published 10 times per year covering news, market developments and business issues impacting the construction industry 

eNewsletters:
Managing Your Business
Biweekly eNewsletter covering management and financial best practices

Tech Trends
Biweekly eNewsletter covering the latest construction technology trends and products

Risk Management
Biweekly eNewsletter covering surety bonding, insurance, safety and compliance.