Hurricanes: Another Reason to Bond Your Subs  

hurricanes subcontractors bonds

It would take fewer than 30 dominoes to wipe out the Empire State Building. Unbelievable, right? Perhaps, but a University of Toronto physics professor theorized as much in a demonstration showing that dominoes can actually knock down things about one-and-a-half times their size. Thus, starting from a domino five millimeters tall, it would take just… Read more »

Serious Business: How to Limit Consequential Damages  

consequential damages

The Sands Casino was demolished nearly 10 years ago, but it may be decades, if ever, before the notoriety surrounding the old Atlantic City, N.J., hotel fades. That infamy, as any construction lawyer worth their salt will tell you, was established when arbitrators awarded $14.5 million in mostly “consequential damages” against the hotel’s prime contractor,… Read more »

9 Warning Signs that Sureties Watch For  

surety warning signs

Warning signs. They’re sometimes right under our noses and yet we fail to notice them or, worse yet, we ignore them. If you’re in the surety business, it’s the job of the underwriters on your team to try to spot these signs before anyone gets hurt. They’re the detectives who do the due diligence. That… Read more »

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 »