With the new $2.3 trillion US infrastructure spending proposal and the $1.52 trillion 2022 discretionary spending proposal submitted to Congress there will be more contractors looking to take advantage of upcoming opportunities. If public work is new to you there is a lot to consider before bidding – bonding is one of them. Florida Statutes require bonds on public projects over $200,000 and on federal contracts over $100,000. If you are new to publicly funded projects, this article by constructiondive.com is for you. Even if you are familiar with the public sector, this article also provides good information as to the proposed budget breakdown.

Here are the six key things the article says to consider when bidding public jobs:

  1. Applications
  2. Unfamiliar contract language and organization
  3. The way the project is built
  4. Bidding
  5. Bonding
  6. Compliance

Click HERE to read the full article.