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...
Author: UpworkDev
Illinois Little Miller Act
Little Miller Acts are active in just about everywhere you go in this nation. They’re in place to provide essential protections to subcontractors and vendors on construction projects. They are named after the Federal Miller Act which began life as the Heard Act of 1894, and gradually evolved into ...
Understanding Surety Bonds
If you run a contracting business, you’re going to come up against the requirement for surety bonding at some point in time. Whether it’s the U.S. Miller Act, any of the state Little Miller Acts, or local and regional requirements, being bonded is quite simply a necessity to keep your business o...
Why You Want a Surety Expert
Surety bonding is a fact of life in the construction and contracting industry. It’s the means by which construction companies not only protect themselves and their clients, but prove their own reputations. A company that carries the right bonding is sure to complete the job responsibilities to whi...
Why Your Insurance Agent Should Be Working with a Surety Expert
One of the biggest mistakes many contractors make is thinking that surety bonds and insurance coverage are the same thing. In truth, while these two forms of coverage are similar, they are separate and distinct, and fulfill different purposes in your business operations. It’s vital to have both, b...
Idaho Little Miller Act
The law that would become the Federal Miller Act was originally enacted in 1894 and was at the time called the Heard Act. It was established to require a performance and payment bond to provide a degree of protection to subcontractors and materials providers. This act, however, was originally held b...
Keeping Your Crew Safe This Holiday Season
Summer is upon us now, and with the Fourth of July upcoming, followed by Labor Day at the end of summer, it’s a high travel season. This can also make construction sites even more dangerous than usual, especially when combined with high heat and the dangers that come with it. Of course, no contrac...
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...
Looking to Increase Your Bonding Capacity?
A contractor’s bonding capacity is an essential part of their business. It is the highest dollar amount that a contractor is approved for when it comes to bonding with a particular surety. Why is this amount so important? It specifies the biggest job that a contractor is able to bid on when a ...