Surety Bond Quarterly Professionals in Surety Bonding
Third-party consultants can reassure bond producers and sureties in uncertain situations.
Read More »Assessing Risks and Helping Contractors Grow with Pre-Bonding Evaluations
Author Archives: Rick Goldstein
Pick Your Poison: Drafting an Enforceable Forum Selection Clause in the Fourth Circuit
ISTOCK.COM/SANFEL By A. Michelle West of Smith, Currie & Hancock LLP Parties can expect federal courts to scrutinize forum selection clauses in federal public contracts. Subject to multifactor reasonability tests and ambiguity inquiries, only the clearest clauses survive. A North Carolina federal district court declined to enforce a forum selection clause that sought to lay venue outside the state of ...
Read More »SBA Streamlines Affiliate Determinations for Loan Programming
ISTOCK.COM/FILMFOTO By Michael C. Zisa and Abby B. Salinas of Peckar & Abramson, P.C. Effective May 11, 2023, the Small Business Administration (SBA) is amending various regulations governing its Capital Access loan programs, which were created to bridge the financing gap in private markets to help small businesses start and grow. Among these changes, the SBA is simplifying criteria for determining affiliation ...
Read More »GAO Sustains Protest Where Awardee’s Proposal Allegedly Misrepresented Availability of Key Person
ISTOCK.COM/DZMITRY SKAZAU By Ross L. Crown of Lewis Roca The Government Accountability Office recently returned to the subject of the unavailability of key personnel listed in contract proposals. ASRC Federal Data Solutions, B-421008, December 2, 2022, 2022 CPD, ¶ 294, is a bid protest where the awardee of the contract was found to have misrepresented its capacity to furnish a key person ...
Read More »New EJCDC CM At-Risk Documents Help Address Increased Prices and Lengthened Project Schedules
ISTOCK.COM/MILEPOST430MEDIA EJCDC’s new Construction Manager At-Risk documents enable owners and contractors to take advantage of the benefits of the CM At-Risk project delivery method. Construction delivery systems have been evolving for decades as owners and contractors continue to search for ways to increase efficiency and reduce costs on their projects. One strategy that has been gaining in popularity with both ...
Read More »Opinion: How and Why It’s Important to Keep the Surety Informed
It is important for the principal to communicate sooner rather than later when hiccups begin to emerge.
Read More »Explaining the Value of Surety Bonding
New resources make it easier for the surety professional to tell the benefits of bonding.
Read More »Issues with Automatic Increases to the Bond Penalty
The surety must be able to accurately track and manage its ultimate exposure to any given bond principal.
Read More »Sales Fundamentals for Bond Producers Strategies for Surety Success—Part 3 by freelance writer
Tips for producers of the surety product.
Read More »Surety and Construction Industries Unite to Reduce Worker Suicide Risk
ISTOCK.COM/INVINCIBLE BULLDOG An average of three construction workers are killed due to job-related incidents each day. But there’s an even more deadly threat to this workforce, and it is self-inflicted; an estimated 10 to 12 construction workers kill themselves every 24 hours. According to a 2016 Centers for Disease Control and Prevention (CDC) report, people employed in construction and extraction ...
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