Surety Blog

The Florida Surety Bonds team helped package 30,000 meals that will be distributed to local families in need through Feeding Children Everywhere and Full Cart! The domestic feeding arm of Feeding Children Everywhere serves the 45 million Americans living below the poverty line, including millions of children, seniors and veterans across the country. Our Florida Surety Bonds family had a great time collaborating on this project and encourage you to host your own Hunger Project to make an impact in your local community! www.feedingchildreneverywhere.com

According a recent article on www.constructiondive.com, "a new study has found that slow payments are costing general contractors and subcontractors $64 billion a year. This is a $24 billion increase from the 2018 study from construction finance platform Rabbet." "More than 60% of subcontractors said they have chosen not to bid on certain projects if [...]

"All Around the World" was the theme of this years Expo and all the exhibitors came up with amazing booth designs. Our take on the theme was "Wild About Bonding" and it was great, so great our booth got 2nd place! Although this is always a team event, a big thanks goes to our Account [...]

The SBA is raising the minimum size for engineering, construction and other companies to be classified as "small". By doing so, it's expected the number of firms eligible for SBA Loans and set-aside contracts will increase. The thresholds will rise by about 8% from the current levels. The new standards will take effect on August [...]

It’s nothing new to hear that skilled construction tradespeople are in short supply. There is a major need for construction workers on all levels but not nearly enough skilled workers to fill that need. In 2017 there were 46,600 Florida Construction Firms hiring and there are 1.1 million construction workers needed to fill upcoming projects [...]

Jimerson Birr Law Firm (www.jimersonfirm.com) had a great article on their blog regarding upcoming changes to Florida's Private Project Payment Bond Claim Requirements. According to the article "All Florida construction industry participants need to be aware of the significant new changes to the payment bond claim requirements on private projects under section 713.23, Florida Statutes, [...]

Some of the FSB team braved the heat this weekend and volunteered their time to help build a house! You heard that right.....helped BUILD A HOUSE. A lot of love and sweat went into building a beautiful home for a wonderful military veteran family of seven. It was an honor for our Florida Surety Bonds [...]

Bonding wouldn’t be valuable if everyone could do it. Becoming bondable and having a competitive bond program, could set you apart from your competition. More opportunities More and more jobs are requiring that you provide a bond. If you aren’t bondable, you may miss out on a great opportunity. In Florida, all public construction projects [...]

Article courtesy of www.riskandinsurance.com "To win bids on big projects, construction companies first need to win the trust and support of a surety carrier. A surety bond not only protects project owners and investors from financial loss, but provides reassurance that the work will be completed and meets the high standards for quality and timeliness. [...]