The United States Department of the Treasury recently issued a Request for Information (RFI) to gather feedback from the public on potential updates to federal surety bond regulations. Published in the Federal Register on April 22, 2024, this initiative could mark the first substantial revision to t...
Category: News
A Big Change for the 8a Certification Program
The Small Business Administration’s 8a Certification Program offers aid to small businesses that are at a social and/or economic disadvantage to allow for fair competition. As part of the Small Business Act, hundreds of new companies have taken advantage each year with a total of 6,333 active ...
Predicting the Future: Construction Industry Job Skills to Recruit for Now
The construction industry is one of the fastest-growing industries in the world and the most robust, with an estimated $1.3 trillion in construction projects in 2019 alone. Of course, with this level of success comes corresponding challenges, including where to find the best workers. With a shortage...
Where Are the Construction Jobs? The 10 Best States to Bid in Now
The construction industry has always been an exciting and challenging one, and one of the biggest factors in your success as a company is knowing where to bid. Understanding where the job offerings are hot and where you have the greatest chance to put in a bid is your best shot at growing your compa...
Modern Technology in the Construction Industry
Technology is a fact of life in this day and age. Everywhere you look you see a smart world: smartphones, smart homes, smart TVs, smart cars — it’s all smart technology. This has even moved into the construction industry, but it’s surprising how many construction companies are still using outd...
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...
Understanding the Various Types of Surety Bond
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...
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...