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PPP and the Rollercoaster Ride of Changes

ISTOCK.COM/SIHASAKPRACHUM By James Miller and James WiedemannChanges related to the COVID-19 crisis and the construction and surety industries are still occurring; some data in this article may have changed from the time of article submission and the publication date. The day was Wednesday, March 11, 2020, as we sat with our audit team at a restaurant in Boston, Massachusetts. Across ...

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“Too Much Notice” of a Payment Bond Claim May Be No Notice at All Under the Miller Act

ISTOCK.COM/OLIVIER LE MOAL By Brian Padove Changes related to the COVID-19 crisis and the construction and surety industries are still occurring; some data in this article may have changed from the time of article submission and the publication date. A good rule of thumb is generally always to be proactive rather than reactive. Whether it is “measuring twice and cutting ...

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Rhode Island Superior Court Discharges Surety Due to Obligee’s Failure to Comply with Conditions Precedent in A312 Performance Bond

ISTOCK.COM/MARYANA SERDYNSKA By CharCretia V. Di Bartolo Changes related to the COVID-19 crisis and the construction and surety industries are still occurring; some data in this article may have changed from the time of article submission and the publication date. On June 30, 2020, the Rhode Island Superior Court issued a decision, Providence Builders, LLC v. Costa Brothers Masonry, Inc. ...

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Accounting Method Planning Can Help Increase Cash Flow

ISTOCK.COM/VISUAL GENERATION By Richard Higgins of McCarthy & Company, PC Changes related to the COVID-19 crisis and the construction and surety industries are still occurring; some data in this article may have changed from the time of article submission and the publication date. The Coronavirus Aid, Relief, and Economic Security (CARES) Act includes tax provisions to help businesses preserve and ...

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The Impact of COVID-19 on the Construction Industry

ISTOCK.COM/EAKGRUNGE By James Wiedemann and Jake Amoroso of Marcum, LLP Changes related to the COVID-19 crisis and the construction and surety industries are still occurring; some data in this article may have changed from the time of article submission and the publication date. COVID-19 has had far-reaching effects on almost every industry—even those that, like construction, were deemed essential (with ...

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Crosno Construction, Inc. v. Travelers Casualty and Surety Co. of America: A New Twist On An Old Tale

ISTOCK.COM/BRIANAJACKSON By Rebecca S. Glos Changes related to the COVID-19 crisis and the construction and surety industries are still occurring; some data in this article may have changed from the time of article submission and the publication date. Just when everybody thought the issue of the enforceability of pay-if-paid clauses and pay-when-paid clauses was well settled, a recent decision by ...

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Preparing a Construction Company for Internal Transition

ISTOCK.COM/KRIZZDAPAUL By Stephen P. Katz Changes related to the COVID-19 crisis and the construction and surety industries are still occurring; some data in this article may have changed from the time of article submission and the publication date. When is it right to start thinking about succession planning and preparing a construction company for transition? Many would agree—in concept, at least—that ...

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Get Ready: DoD’s Cybersecurity Maturity Model Certification is Coming

ISTOCK.COM/OLEMEDIA By Lori Ann Lange Changes related to the COVID-19 crisis and the construction and surety industries are still occurring; some data in this article may have changed from the time of article submission and the publication date. As contractors (and subcontractors) doing business with the Department of Defense (DoD) should be aware, DoD remains very concerned about protecting sensitive ...

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The Art of the Possible: How Coming Workforce Automation Will Reduce Construction Jobsite Risk

PHOTO BY WAYPOINT ROBOTICS INC.Waypoint Vector™ 3DHD autonomous mobile robot includes a 3D perception system and a 600-lb payload capacity. Changes related to the COVID-19 crisis and the construction and surety industries are still occurring; some data in this article may have changed from the time of article submission and the publication date. Although COVID-19 brought sudden economic hardship and ...

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Now More Than Ever: Help Your Contractors Understand Indemnity Agreements

We live in interesting times, uncertain times, anxious times. It is difficult to predict what is going to happen to surety credit over the next few COVID-19 months (years?). It is likely, however, that sureties will rely on, more than ever, their good friend, the general agreement of indemnity (GIA). What better value-added service can a producer offer contractors than ...

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