Current News

Distributions, cash flow, and valuations must all be taken into account when communicating about the status of the plan.

These bonds secure payment rights and can function more efficiently than the alternative, while avoiding the downside of mechanic’s liens.

Understanding legislative history and the approach of government investigators are keys to surviving scrutiny under the FCA.

The bond language balances the interests of contractors/sureties with project owners.

Tighter rules could catch contractors off-guard and subject them to severe penalties on federal infrastructure projects.

Coverage enhancements allow insureds to shift risk downstream, a useful tool for construction risk management programs.

Payment methods and bonding requirements vary by state and project type.

Sureties are accused of obtaining underwriting-related information that should have alerted them that their principals violated government contracting rules.

Form a team and consider carefully how to make the accounting transition.

The new standards may shift assets and liability presentations.