Why Wait: Resiliency Projects
As the work of rebuilding after Hurricanes Helene and Milton unfolds, states across the country are pressing ahead with critical “infrastructure resiliency” projects designed to curtail damage and improve preparedness in the face of…
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Tax Credit Available To Contractors: Why Not Try?
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…
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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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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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June Construction Employment Skyrockets
Great news for contractors! Per an analysis by the Associated General Contractors of America, or AGC, employment within the construction province has bloomed from May to June in 31 states and the District of Columbia. “The…
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A Contractor’s Guide to Overcome Unforeseen COVID-19 Struggles
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…
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More States Issue “Stay-At-Home” Orders Except for “Essential Activities”
A growing number of states in America are enacting “stay-at-home” orders to reduce the spread of the coronavirus (COVID-19) and encourage all Americans to continue social distancing. The directives to keep residents in their homes,…
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When Contractors Over or Underbill
Over or underbilling by a contractor can be a big problem for obtaining your bid and performance bonds from your surety bonding company. According to generally accepted accounting principals, contractors should report earnings based on the percentage…
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Here’s Why You Need a Bid Bond
Bid bonds are used primarily in the construction industry to assure the contractor can fulfill the job responsibilities listed in the agreement for the agreed price for the project owner. It protects the project owner…
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