Labor and materials are costing subcontractors more then expected—lots more. Nonetheless, the majority of subcontractors experienced revenue growth in 2022 and are anticipating growth this year too. Read on for insights from the National Subcontractor Market Report. Optimistic Despite Expense...

  Most contracting companies employ about 20 workers—maybe even fewer. Among the challenges all owners must ultimately figure out is the question of what to do with the company when it’s time to retire. Experts offer suggestions—including making employee stock...

  There are some signs that price pressures are easing, but materials and labor remain big challenges for builders. Can you pass on rising costs to customers? Finance experts say doing so might be worth the risk, and offer insights...

  Bipartisan support in Congress may result in legislation requiring federal agencies to demonstrate fair and ethical treatment of small construction contractors during the procurement process. Specifically, the Small Business Payment for Performance Act would add protections for small contractors...

  Licensed contractors are in big demand for home renovation work of all kinds across the country. With more families continuing to spend more time at home then ever before, living needs and the use of space are changing rapidly....

Though “hurry up and wait” has long been part of the mix in construction, the pandemic continues to put a whole new spin on what to work on, and when. Ambiguity and Optimism Too While managing to the difficulties of...

Contractors: it’s worth pausing to see if you qualify for a federal research and development tax credit. You may already be doing the work! Underutilized Credit The federal government provides a general business credit of between 6%-12% of qualifying research...

The New York City Metropolitan Transportation Authority (MTA) is considering a revamp of the current evaluation system for contractors. How will everyone be satisfied? Dissatisfaction with the Current System Currently, contractors with $250,000 or more in contracts from the MTA...

WOODCLIFF LAKE, NJ October 26, 2020 Colonial Surety Company is thrilled to announce the launch of a direct and digital pre-qualification process for bid and performance I-Bonds®, empowering contractors across the country to simplify, partner, and grow. Founded in 1930,...

The coronavirus pandemic has created serious disruptions across all industries. Construction contractors and skilled tradesmen and women are doing all they can to keep their businesses afloat during difficult economic circumstances. Below are important strategies to help contractors keep their...