If an Obligee Makes a Claim on a Performance Bond, What is “Reasonable Notice”?

Unfortunately, in the past few years, we have heard of several cases where a General Contractor has made claim on a subcontractor bond after the sub defaults, and the surety is very slow to respond. As the GC sits and waits for the surety to respond, the job needs to be completed. If the GC

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Construction Projects in Florida are in Jeopardy

Congress will be voting on a 100 billion dollar transportation bill in July.  As their approval indicates, this congress can rarely get anything done.  Unfortunately, a stalemate in Washington could bring construction in Florida grinding to a halt.  Included in that transportation bill are Federal projects like the construction on the I-4 corridor connecting Tampa

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Like a Distant Thunderstorm Slowly Moving Your Way, the Economic Recovery is Coming

I was fortunate to sit in on a round table of small business owners on Tuesday at an attorney’s office in Winter Park. There were architects, window installation contractors, general contractors, bankers, insurance agents, engineers, and most interestingly Mike Stewart of Stewart Electric Motor Works.http://www.semw.net/. Everyone talked about how tough it has been since 2007.

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15.5% of all Veteran-Owned Firms are Construction Companies

In a recent release from the United States Census, it was reported that 9% of all U.S. Businesses are Veterans Owned. These Veteran owned businesses had an impressive sales receipts of $1.2 trillion, 5.8 million employees, and an annual payroll of $210 billion. Clearly, veterans are major contributors to the US economy. Construction companies were

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Construction Spending Expected to Show Modest Gains in the Coming Months

The economists at the Association of Builders and Contractors released data last week that shows that although private nonresidential construction spending was down in January, it was up 16.6 percent compared to January 2011. Public nonresidential spending remains pretty flat and was up only 0.4% from a year ago. The slow growth in public spending

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