Construction Industry Becoming More Diverse and Inclusive
More and more women are not only entering, but thriving within, the male dominated construction industry. Women were mostly in support-centered roles within the construction industry and never really had decision making authority, but that…
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2020 Federal Budget Omits Funds for Hudson River Tunnel Construction
Federal funding for the proposed $13 billion Hudson River train tunnel that would have connected New York with Northern New Jersey was excluded from President Donald Trump’s $4.7 trillion 2020 budget request to Congress. Deputy…
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Bipartisan Infrastructure Bill Aims to Attract Global Investment
Rep. John Larson (D-CT) and Rep. Kenny Marchant (R-TX) have introduced the “Invest in America Act” that aims to draw $125 billion in investment, create 284,000 jobs, and create many more opportunities for contractors. The…
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Surety vs. Insurance in Contract Surety
Surety bonds and insurance may seem similar and come from similar companies, but they are not the same thing, especially in contract surety. With Colonial Surety, contractors are essentially able to establish a line of…
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Pre-Bid Due Diligence is a Key for Contractors
Evaluating subcontractors and material distributors in a construction project while having clear, quality contracts can be the difference between making profits or suffering a loss. That’s why it’s so important for contractors to do due…
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New Union City Construction Bonding Rules In Place
Union City, New Jersey has enacted a new resolution at its recent Board of Commissioners meeting, changing the type of bonds issued by the city to construction companies. The city is now requiring performance bonds;…
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Joint Ventures Let Companies Share Bonding Responsibility
Joint ventures are surely more complicated than just taking on a project yourself. But utilizing the skills and aptitude of a joint venture partner can provide great benefit while also mitigating your company’s risk. As…
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Key Provisions in School Construction Contracts
Not every school construction project can go 100% swimmingly. Some are going to have delays or errors or go over budget. And the best way to guard against these roadblocks in school construction is a…
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New Musk Digger Could Revolutionize Construction
Elon Musk, founder of Boring Co., stated on Twitter that he is about a month away from presenting the Line-Storm, the company’s new tunnel boring machine (TBM). While current technology allows about ten minutes per…
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