Our Blog - Surety Matters

Governor Phil Murphy of New Jersey has imposed new rules for construction businesses. These measures come in light of the coronavirus epidemic impacting each state across the country. If your establishment is conducting construction deemed…
Read Moreabout Types of Construction Projects Deemed “Essential” in New Jersey

To slow the spread of the coronavirus (COVID-19), Boston Mayor Martin Walsh announced he is extending the city’s order to halt “non-essential” construction for permitted sites. As the Commonwealth of Massachusetts continues to battle this…
Read Moreabout Boston Mayor Pauses Non-Essential Construction Until Further Notice

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,…
Read Moreabout More States Issue “Stay-At-Home” Orders Except for “Essential Activities”

The coronavirus pandemic fosters a plethora of uncertainty for contractors, subcontractors, suppliers, owners, and sureties. In every state across America, guidelines are being put in place to determine if construction is an “essential” infrastructure to…
Read Moreabout The Potential Impact COVID-19 Will Have on Contract 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

With much global infrastructure needing to be replaced in first world countries such as the United States, the global surety market is expected to grow by 7% per year up to the year 2025. There are going…
Read Moreabout Massive Surety Industry Growth Expected by 2025

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