ISTOCK.COM/ANVABERKUT by Jessica Mann of Tinubu Square Americas Long reliant on paper contracts and manual processing, the surety industry is evolving. The pandemic expedited digitization across the industry, and we’re now utilizing technology in new ways to facilitate underwriting, simplify the bond placement process, and automate workflows. While wet signatures and mailed contracts were once commonplace, digitized processes are becoming ...

ISTOCK.COM/VERORO39 Hot Topics in Construction and Surety Risk Management Construction accounting and legal expertise—insights from construction CPAs and attorneys serving on the NASBP Advisory Councils. NASBP is pleased to showcase, for the benefit of readers of Surety Bond Quarterly, the expertise of some of the outstanding construction CPAs and attorneys who serve on the NASBP CPA Advisory Council, www.nasbp.org/cpaadvisorycouncil/home, and the NASBP Attorney ...

ISTOCK.COM/VERORO39 Hot Topics in Construction and Surety Risk Management Construction accounting and legal expertise—insights from construction CPAs and attorneys serving on the NASBP Advisory Councils. NASBP is pleased to showcase, for the benefit of readers of Surety Bond Quarterly, the expertise of some of the outstanding construction CPAs and attorneys who serve on the NASBP CPA Advisory Council, www.nasbp.org/cpaadvisorycouncil/home, and the NASBP Attorney ...

ISTOCK.COM/HTTP://WWW.FOTOGESTOEBER.DE by Jennifer Harris and Nick Hoogstraten of Peckar & Abramson, P.C. When evaluating competitive proposals for federal contracts, contracting officers consider price, technical evaluations, and past performance, among other factors. Up until now, many small businesses faced a significant hurdle when it came to past performance. Often small businesses could not compete with more established large businesses because they ...

The unique characteristics of these technologies have the potential to solve longstanding construction industry problems.

Court dismisses FCA claims against Miller Act Surety Defendants for alleged failure to detect and report Procurement Fraud.

CPAs who specialize in construction track the laws, regulations, and business nuances to help contractors operate more smoothly.

Construction accounting and legal expertise—insights from construction CPAs and attorneys serving on the NASBP Advisory Councils.

ISTOCK.COM/MONSITJ A group of bond producers and surety companies and other stakeholders, through The Institutes RiskStream Collaborative—an industry-led consortium, is working to unlock the potential of blockchain technology across the surety industry. The surety professionals among these companies know that one of the biggest challenges is to digitize the execution of a bond, which is often still a manual undertaking ...

BuISTOCK.COM/ISMAGILOV By Amanda Miceli of Chiesa Shahinian & Giantomasi PC The legal treatment of cryptocurrency is rapidly developing, and, as a result, impacted industries should routinely monitor legislative and agency developments in order to remain in compliance. Specifically, sureties executing money transmitter bonds, which guarantee that a money transmitter conducts business in compliance with the law, including, in some cases, ...