Digitization and hybrid work environments can appeal to the up-and-coming workforce.

Attention to compensation, communication, and diversity helps build a thriving work culture.

ISTOCK.COM/Владимир Мелентьев By Ronald J. Eagar of Grassi As our world becomes increasingly focused on environmental, social, and governance (ESG) issues, many businesses are turning to electric vehicles (EVs) to help reduce their carbon footprint and take a step forward into the more electrified world of tomorrow. In turn, the benefits they receive range from lower operational costs to higher ...

ISTOCK.COM/RICHARD JOHNSON By Aron C. Beezley and Lisa Markman of Bradley Arant Boult Cummings LLP The Armed Services Board of Contract Appeals (ASBCA), in the case of StructSure Projects, Inc., recently granted COVID-19-related costs to a contractor under a fixed-price contract. The key facts, holdings, and takeaways from this noteworthy case are discussed below.    The Facts The government awarded the ...

ISTOCK.COM/RELIF By Antonio R. Franco, Jon Williams, Isaias “Cy” Alba, IV, and Matthew E. Feinberg of PilieroMazza Government contractors maintaining or seeking HUBZone certification should make themselves aware of the Small Business Administration’s (SBA) recent efforts to tighten and enforce new and existing rules surrounding the HUBZone program. In this article, PilieroMazza details the SBA’s enforcement efforts and the major implications for HUBZone ...

ANDRII YALANSKYI By Joseph Natarelli of Marcum LLP Macroeconomic factors continue to drive change within the construction industry. In an economic environment defined by unpredictable movement and high volatility, surety professionals and their construction clients must recognize the warning signs. This article will examine the financial issues contractors are confronting, the means they are employing to navigate those changes, and the ...

MOUSSA81 By Cavan S. Boyle of Ernstrom & Dreste LLP In a case of first impression for Indiana, the state’s intermediate appellate court recently held that the common law duty of good faith recognized between insurers and insureds does not extend to a surety-obligee relationship under performance and payment bonds on construction projects.[1] The ruling resulted in the dismissal of ...

POKPAK05 By Sarah K. Carpenter of Smith, Currie & Hancock LLP Key Takeaways The Department of Labor (“DOL”) announced its long-awaited final rule updating the Davis-Bacon and Related Acts. The new rule will have significant impacts on many industries and businesses, particularly federal construction contractors and subcontractors. Regulated parties have 60 days from publication of the final rule in the Federal Register ...

ISTOCK.COM/TU IS Attendees at the 2023 NASBP Annual Meeting and Expo this spring had a unique opportunity to catch a glimpse into the future of the surety industry. The Institute’s RiskStream Collaborative (RSC), partnering with surety system solution providers attending the meeting, offered a state-of-the-art demonstration of a technology that enables digital bonds to be verified and authenticated on a ...

Not so fast—courts, particularly in New York, may be reluctant to enforce it.