Landing a government contract isn’t just a good idea to grow your small construction firm; it’s absolutely essential to your ongoing success. Government jobs pay really well, and are very high profile; they allow you to build your reputation as a trustworthy contractor as well as to get ongoing work in the future. The problem … Continue reading “Small Business Contractors Winning Government Bids”
Contractors are frequently required to obtain surety bonding before they can be eligible to participate in a project. This requirement stems from the U.S. Miller Act, which set a precedent that publicly funded projects valued at $100,000 or more must be secured by performance and payment bonds. These contractor surety bonds can prevent liability and … Continue reading “Contractor Surety Bonds Explained”
In 1935, the Federal Government of the United States passed a statute known as the Miller Act. This act requires that all prime contractors bidding on government projects have bonding secured in the total dollar amount of the project as well as the costs of materials and labor. Under the Miller Act, all contractors must … Continue reading “Understanding the Miller Act”
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 of skilled workers, construction companies face a unique … Continue reading “Predicting the Future: Construction Industry Job Skills to Recruit for 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 company … Continue reading “Where Are the Construction Jobs? The 10 Best States to Bid in Now”
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This has even moved into the construction industry, but it’s surprising how many construction companies are still using outdated equipment, technology and even methods … Continue reading “Modern Technology in the Construction Industry”
Since its earliest days, the construction industry has been thought of as a male-dominated field, and even today, the number of women in construction and contracting professions represent a stark minority. That number, however, is growing by leaps and bounds, and this trend might be the best possible thing for the industry. More and more … Continue reading “Women in Construction: The Future Is Female”
Rising Interest Rates, a Slowing Economy and the Construction Industry There’s little doubt that the economy is slowing down. Whether we’re heading into an actual recession remains to be seen, but it’s certain that interest rates are on the rise, spending is down and business is slower than at this time last year. For the … Continue reading “Rising Interest Rates a Slowing Economy and the Construction Industry”
Over the past ten years or so, we’ve seen a housing boom due to bank bailouts, low interest rates, and a new enthusiasm from young first-time homeowners re-embracing the American Dream of home ownership after a number of years of cynicism and doubt when the 2008 housing bubble burst. Lenders have been more willing to … Continue reading “What a Slow Housing Market Means for Construction Companies”
Easy Surety Bonding in Hawaii National Surety Services is a company with 25 years of experience providing surety bonding services to businesses and now services Hawaii. We pride ourselves on the customer service we provide in offering the fastest and easiest bonding around. Just a few of the surety bonding options we offer include: License … Continue reading “Hawaii Surety Bonding Services”
