Additional checks and due diligence by the surety may be necessary to ensure that a purported small business really is a small business.
Read More »Current News
Five Ways COVID-19 Will Reshape the Construction Industry and Steps Contractors Can Take to Mitigate its Impact
Construction site rules are changing, and new supply chain solutions are in the works.
Read More »COVID-19 and the ESOP-Owned Contractor
Distributions, cash flow, and valuations must all be taken into account when communicating about the status of the plan.
Read More »The Benefits of Lien Prevention Bonds
These bonds secure payment rights and can function more efficiently than the alternative, while avoiding the downside of mechanic’s liens.
Read More »The Bond Producer’s and Surety Company’s Guide to Mitigating False Claims Act Risks in Light of Developments in the Scollick Case
Understanding legislative history and the approach of government investigators are keys to surviving scrutiny under the FCA.
Read More »Coming Soon to the AIA Library: A313-2020, Warranty Bond
The bond language balances the interests of contractors/sureties with project owners.
Read More »Buy American Under President Trump: What to Know and Where We’re Heading
Tighter rules could catch contractors off-guard and subject them to severe penalties on federal infrastructure projects.
Read More »New Additional Insured Endorsement Forms Will Impact Contractors, Project Owners, Lessees
Coverage enhancements allow insureds to shift risk downstream, a useful tool for construction risk management programs.
Read More »P3 Strategies for Risk Evaluation and Mitigation
Payment methods and bonding requirements vary by state and project type.
Read More »Mitigating False Claims Act Risks
Sureties are accused of obtaining underwriting-related information that should have alerted them that their principals violated government contracting rules.
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