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 hour of digging, Musk’s goal with his Line-Storm is to be able to continuously dig without having to stop. Musk also wants his machine to be able to add modified cutters, automated segment erection, and a tripling of currently released machines’ power.
Reportedly, the company was able to dig a 1.14 mile test tunnel for a fraction of the price to dig one using standard methods. Musk first announced the Line-Storm almost being ready in 2017, so this is a much anticipated release. Learn more about the Line-Storm and how it could revolutionize construction.
So where can you purchase bid and payment/performance bonds for a construction project?
Colonial offers the direct and digital way to obtain bid and payment/performance bonds as well as any other surety bonds. We are the insurance company — which means no agent, no broker, and no middleman. We make it easy to obtain your bond. The steps are easy — get a quote online, fill out your information, satisfy underwriting requirements, and enter your payment method. Print your bond from your office. It’s that simple!
Colonial gives you an easier way to manage your bid and payment/performance bonds online. Having your single and aggregate limits in writing allows you to update your work on hand and adjust your bonding capacity in real time.