Hiring a Subcontractor? Let a Surety Take on the Risk

subcontractor surety risk

Few states have experienced the construction-industry labor shortage more than Colorado. For general contractors, the problem has made finding a reliable subcontractor more difficult than usual – much more difficult. Nearly 10 years after the housing bust drove an estimated 30% of construction workers into new fields, contractors everywhere are struggling to find workers. According… Read more »

Is the Soft Surety Bond Market About to Harden?

surety bonds

Total U.S. construction starts this year are expected to grow 5 percent to $713 billion, according to the latest Dodge Construction forecast. That’s far slower than the 11 percent increase seen in 2015 and yet much healthier than Dodge’s revised 1 percent estimate for 2016. This suggests a few things. For starters, we’ll see more… Read more »