Finance Will Real Estate Developers Soon Hold Back Even More Payments? Richard Korman Jim Parsons February 15, 2024 No Comments A historic financial reckoning is at hand with office vacancies and interest rates high.Read More
Project Financing Infrastructure Bill Amendment Would Expand Surety Mandate to TIFIA Tom Ichniowski August 5, 2021 No Comments Proposal would require surety bonds on DOT loan program, including its projects with private funding.Read More
Surety Guarantees Report: Bonds on Big Projects Often Fall Short of Full Contract Value Scott Van Voorhis July 24, 2019 No Comments Why owners of large, complex design-build projects are taking on more risk.Read More
Guarantees Surety Bond Producers Keep Eye Out For Illegal Waivers A report from the annual convention of surety brokers and agents Richard Korman April 24, 2019 One Comment Comment letters go out from time to time about laws and rules requiring bonds on state and local projects.Read More
Toronto Contractor Bondfield Wins Court Protection as Project Woes Mount Scott Van Voorhis April 24, 2019 No Comments Industry default claims hit record high in Canada, records show.Read More
Surety Bonds and Risk Management Ten Minutes With Travelers' Gregg Lyon The strategy chief for surety construction services talks about having the right people to prevent failures Richard Korman January 18, 2019 No Comments Why one bad decision or project can take a company down.Read More
Construction Risk Surety Disputes AECOM Hunt's Claim on Austin Hotel Subcontractor Default Partial termination and proper notice is contested Scott Van Voorhis November 27, 2018 No Comments An unusual countersuit by a surety is dismissed by a Texas judge.Read More
Construction Contracts SBA Cuts Surety Guarantee Fees, for One Year Tom Ichniowski September 6, 2018 No Comments Reductions, which start Oct. 1, bring fees back to their 2006 levels.Read More
Construction Surety Ten Minutes With Marsh's David Hewett Marsh's chief of U.S. surety talks about the economy, defaults and accounting changes March 2, 2018 No Comments A question-and-answer session with the big broker's chief of U.S. surety.Read More
Contracting SBA Institutes Changes in Surety-Bond Guarantee Program Actions have support from industry organizations Tom Ichniowski September 16, 2017 No Comments New provisions, effective Sept. 20, include increase in losses SBA will cover under its preferred surety bond program.Read More