Changes Coming for the Contractor Evaluation System At NYC MTA
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…
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Bid Bonds: A Cautionary Tale
What could happen when you use the wrong bid bond form for a federal contract? The bid could be rejected. Ouch! Deemed Non-responsive Recently, the Government Accountability Office (GAO) published a decision concerning the use…
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Colonial Surety Company Introduces Simplify And Partner: A New Online Digital Approval Process for Contractors
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,…
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Experts Predict Growth: Prepare to Build-and Bid
The outlook for major spending on infrastructure is strong—regardless of election results. For contractors, now is the time to prepare for growth. Optimism from Market Analysts One strong indicator for growth is that the…
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BIM Results Highlight The Importance of Partnering
New research demonstrates the success of building information modeling (BIM). It is especially effective when everyone on the project team is committed to it—and partnering effectively. The Impact of Embracing BIM Many contractors are…
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Construction: Succeeding Despite Timing and Compliance Issues
Amidst continued optimism in the industry, contract managers face delays, expenses and uncertainties as they manage performance in the COVID-19 world. Funding for Infrastructure Projects Extended The passage of a federal government stopgap measure has…
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Construction Rebound? Ready, Set, Grow!
The latest US Commercial Construction Index shows signs of optimism. How prepared is your company for growth? Secure partners to help you respond quickly to new projects The US Chamber of Commerce Report Two of…
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Construction Matters: Fast or Slow?
Even in routine times, the “stop-go” of construction projects is painful—especially for small business contractors. Just winning a bid is generally time-consuming—then, a host of other dynamics, from supply chain lags to delays in public…
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Colorado Governor Sets Alcohol Restrictions
Refill, please! Governor Jared Polis of Colorado announced he is reducing call hours from 2 a.m. to 10 p.m. for the next 30 days. However, this rule does not restrict restaurants and bars from operating past 10…
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