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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 ...

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 ...

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 ...

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 ...

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 ...

ISTOCK.COM/GRAPHIXCHON By Douglas R. Allen Wow, what a year. It is inconceivable that a virus shut down the U.S. economy and quarantined people, in some places, for over two months. Well, it happened! That’s right: here we are restarting the economy and figuring out how to get things back to the new normal. My Dad always told me, “What happens ...

ISTOCK.COM/RONNIECHUA By Alexander Gorelik It is quite clear that 2020 has been an unusual year, to say the least. The global Coronavirus pandemic has already taken many thousands of lives and fundamentally affected millions more. However, the impact of the pandemic has not stopped there either, with most economies around the world coming close to a halt. That has certainly ...

ISTOCK.COM/PHOTOTECHNO and ETIAMMOS By David B. Dolnick This article was completed in early May 2020. Changes related to the COVID-19 crisis and construction and insurance industries are still occurring; some data in this article may have changed by the time of publication. In the world of surety, commercial insurance may not be a primary focus; and dealing with insurance-related issues ...

ISTOCK.COM/CYBRAIN and BRIANAJACKSON By David B. Dolnick In the first part of this discussion (See SBQ Web Exclusive Article Helping Your Clients in a Rapidly Changing Insurance Market), we took a look at what’s happening with commercial insurance rates and at prior market cycles. We made some educated estimates about where the insurance market appears to be heading, as uncertain ...

Updated: March 13, 2020 By: Alexander Gorelik, Joshua E. Holt, Brian N. Krulick, Shoshana E. Rothman, A. Michelle West, and Brian S. Wood The outbreak of COVID-19 (“coronavirus”) has wreaked a considerable human toll of death, physical suffering, fear, and anxiety internationally. Much of the fear and anxiety results from a lack of information or a full understanding about the ...