Robert Murray's Articles

Aging Infrastructure Projects Call for Surety Bonding Protections

At a time when local, state and federal government budgets are under mounting pressure, allocating the resources to refurbish America’s aging infrastructure—the roads, bridges, railways, airports, water systems, pipelines and other components upon which our economy depends—is an increasingly difficult challenge.

However, the deplorable state of much of the nation’s vital infrastructure, which earned a D+ grade from the American Society of Civil Engineers (ASCE), can no longer be ignored. It is becoming an increasing drag on business productivity, as well as negatively affecting the convenience and safety of individual Americans.

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.

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Industry Changes Push AEC Firms Toward Proactive Recruitment
When it comes to recruitment, the AEC industry is grappling with an already...

Gauging the Swing of the Republican Pendulum
As suddenly as the window of opportunity blew open for Republicans by the winds...

Q: What does it mean for your company to be employee-owned?
Employee ownership allows Choate to share long-term success with our employees...

Service Above Self
Two years ago, Gary Neal—an engineer and project manager with MEC Contractors...

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