A great deal of state and federal construction projects require that contractors who are awarded a contract also get surety bonds. These bonds, also known as contract bonds, are required as a form of guarantee that
On March 3, 2019, the state of Mississippi passed House Bill 869. The bill will now be codified in the Mississippi Code, and become effective on July 1, 2019. The new law institutes the possibility
New Jersey small businesses have received good news in the first days of 2017, with the passing of Senate Bill 123. The bill’s provisions are intended to assist small businesses in the state in obtaining
Every contractor who works on a project that requires them to post contract bonds, needs to be well aware of the responsibilities that come with them. There are several different types of contract bonds that
Having a surety bond claim filed against you is not a pleasant scenario. Though contractors should always try and avoid getting into surety bond claims as best as they can, in some cases it will
Becoming a licensed carpenter goes through different phases depending on the state you are getting your license in. Since there is no nationwide policy on this, currently some states require carpenters to get a license while
Earlier this month, the Design-Build Institute of America (DBIA) released the first-of-its-kind set of surety bond forms for design-build projects. This set of bonds can be particularly useful to AEC companies doing nonresidential design-build projects,
On July 31st, 2014, the Obama administration passed the Fair Pay and Safe Workplaces Executive Order. According to the White House, the act will “require prospective federal contractors to disclose labor law violations and will
As a construction company,a be it small and inexperienced or an industry leader with years on the market, you most likely already know that successfully obtaining business through contract bidding can be a great source
Surety bonds are no joke, but are no kids play either GSCSNJ / Flickr / CC BY-NC If you’ve been thinking about starting your own business, one of the main things to consider is whether
