For construction and contracting companies looking to get bonded, the process can be somewhat confusing. While you’ve probably heard lots of information about performance and payment bonds, the two core concepts at the heart of the surety and contracting industry. Did you know there are easily a d...
Category: News
State Little Miller Acts: What They Mean for Contractors
Miller Act statutes are a necessary part of being a construction and contracting business. These acts, at both the federal and state level, very closely regulate the kinds of surety bonds that a business absolutely must carry if they wish to work on government contracts. That means if you’d like t...
Appreciating America’s Laborers
How to Grow Your Small Contracting Business
The goal of every small business is to be successful, grow, and last for decades into the future. Unfortunately, the vast majority of startups never get that far and don’t make it beyond their first year of work. If you’re starting up a contracting business, you’re facing a great deal of compe...
Why Working with HUBZone Certified Contractors Benefits Your Company
When you run a contracting or construction business, working with subcontractors is a fact of life. Very few companies have the ability to function with just their current staff, especially when big jobs come up. Those that attempt to keep such large numbers of staff on board generally face layoffs ...
Avoid These 4 Most Common Construction Site Violations
The construction industry is one of the most dangerous businesses there is. Tens of thousands of construction workers are injured or killed every year in accidents on site. Sadly, many of these accidents are the result of carelessness or ignoring safety regulations. They can be avoided with just a b...
Three Most Common Construction Injuries and How to Prevent Them
Construction work is never easy. And when an employee is injured, it can be anything from a few day’s absences to that person having to resign or even file for disability. This unfortunate loss of good employees can also lead to project delays or hiatuses. Fortunately, there are ways that both...
Government Purchasing Officers Examine Benefits of Expanding Surety Bonding
With millions of dollars at stake in maintenance and construction projects, it’s vital that government purchasing officers understand the importance of surety bonding for these undertakings. Two insurance executives recently made an educational presentation on how this practice provides the ri...
4 Easy Steps in Securing a Surety Bond
As a contractor, you probably know you need a surety bond. Surety bonds are designed to protect you and your clients if one of you has questions about a project or if something does not go as planned. Despite the necessity of surety bonds though, many contractors do not know how to get them. They &h...
Why Your CPA Needs to Be Specialized in Construction
Most people do not think of a CPA, or certified public accountant, as a person who needs construction expertise. If you are a contractor or client, however, you will soon find out why your CPA needs to be specialized in construction. A CPA who understands construction is often the contractor and cli...