Our Blog - Surety Matters

On March 21, 2020, to reduce the risk of COVID-19 to fellow New Jerseyeans, Govenor Phil Murphy released Executive Order 107 instructing all Garden State residents to stay in their homes until further notice. The…
Read Moreabout Governor Murphy Launches Statewide Closure of all Non-Essential Retail Businesses

To help fend off the nascent coronavirus (COVID-19) epidemic, the state of New York has halted all but “essential” statewide services. Gyms, restaurants, bars and various other businesses are closing their doors to comply with…
Read Moreabout Construction Deemed “Essential” in New York

Due to the New York State Department of Transportation having received numerous requests from the construction industry asking if consultants, contractors, material and service suppliers are deemed exempt from the reduction in workforce requirements from…
Read Moreabout COVID-19 Guidance for Current NYSDOT Construction Projects

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…
Read Moreabout Here’s Why You Need a Bid Bond

Whether you’re starting a business, launching a construction project, or entangled in court, you will need a surety bond to guarantee payment from the surety to the obligee if the principal is unable to meet…
Read Moreabout What are Principals and Obligees in Surety?

According to the Associated Builders and Contractors, there were nearly 7 million open construction jobs in the United States as of July 2018. The biggest reason for the shortage is a lack of skilled construction…
Read Moreabout Construction Labor Shortage Risks Performance

It’s extremely difficult for construction projects to come in under budget. Poor project management may be one reason for the error while unforeseeable circumstances may be another. But one of the most common causes of…
Read Moreabout Incorrect Project Estimates Cause Construction Cost Overrun

Using a composite steel frame that is rebar free, The Erection Co., finished topping out its 850 square foot Rainier Square Tower in Seattle, Washington in just ten months. The building is scheduled for completion…
Read Moreabout Rebar Free Design Allows Contractor to Top Out Building in 10 Months

Design plans can cause a contractor’s project cost to go over budget all by themselves. Even if proper time and resources are spent on estimating the scope of the project as well as its cost…
Read Moreabout Project Design Problems Cause Cost Overrun