How Does Safety Impact Surety Bonding?

  When safety issues become a factor in a contractor’s ability to finish a project, the surety starts to question what other issues might be out there that could have a negative impact on the contractor’s ability to complete the project.

Create More Reasons for Workers to Stay

Stimulating training opportunities, advancement accelerated to match the abilities of the worker and a “voice” in important decisions seem to be the most important expectations of the modern talent pool. It’s essential for the construction sector to focus on creating an exciting, modern image of itself as a profession of “building important things,” and more specifically one that piques the interest of tech-oriented candidates. 

Surety’s Impact on Emerging Trends in Public Construction

  Given the choice of security requirements, the surety market continues to provide the product with the best combined benefit for contractors and their obligee in today’s evolving construction and surety markets. 

Preliminary Injunction Granted Against ‘Blacklisting’ Final Rule

On Oct. 24, the U.S. District Court for the Eastern District of Texas issued a nationwide preliminary injunction that prevents the Federal Acquisition Regulatory (FAR) Council from implementing the Fair Pay and Safe Workplaces final rule, commonly referred to as the blacklisting rule, which was scheduled to go into effect on Oct. 25.

Model-Based Estimating Taps Benefits of BIM

When used to drive estimating best practices, 5-D BIM provides unprecedented efficiency, along with the flexibility and accuracy to turn around big estimates quickly, inform better decision-making and drive cost predictability. More importantly, 5-D BIM saves estimators time by avoiding tedious takeoff exercises and allows them to focus on more critical factors, such as risk mitigation and owner and subcontractor relationship management. 

Surety Industry Advocates for Inclusion of Bonds on Federal and State P3s

  Even though procurement methods have evolved—including the use of P3s—construction remains a risky business, making the protections that surety bonds provide for taxpayers’ investments and the payment guarantees for subcontractors and suppliers just as relevant and important in P3s. 

How Do the Employee Benefits You Offer Aid Retention and Curb Turnover?

We could have the best programs in place, but if our employees can’t navigate the plan, it hurts them and our bottom line. Our internal benefits team provides education, claim assistance and even billing negotiations. 

Unlock Hidden Savings With Building Analytics

Today’s savvy facility executives should take the appropriate measures to connect disparate energy systems, leverage intelligent building analytics capabilities and bring in trusted partners to help guarantee that all opportunities to cut energy consumption are being addressed.

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.

Sureties Hungry for Business Across Market Sizes

Construction Executive surveyed top leaders in the surety bonding industry to create a big-picture view of the current state of the market. Overall, the news is positive for contractors. Experts say construction and surety market cycles have been strong, creating increased competition. 

 

Mitigate Risk by Managing Information
Modern building and infrastructure projects generate a lot of data, and it’s...

Rethinking Health Care Construction
Outpatient and walk-in urgent care facilities are far less costly for organizations...

Pave It Forward
In September, The PHILLIPS School in Annandale, Va., debuted $150,000 worth...

2017 Construction Outlook
For now, it’s tempting to maintain a somewhat pessimistic outlook. A combination...

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.