Orange County, Florida just announced 119 public construction projects as part of the County's projected procurements for the 2018/2019 fiscal year. The projected budgets for these construction projects exceed $360,000,000. Construction projects over $100,000 for the state of Florida and its political subdivisions require surety bonds pursuant to Fla. Stat. § 255.05. Although cities and [...]
Effective today, October 1, 2018, the Small Business Administration's Surety Bond Guarantee program cut its fee for surety bond guarantees from $7.29 per $1,000, to $6.00 per $1,000. The SBA guarantees contracts up to $10 million for contractors who are unable to obtain bonding through regular commercial channels. The SBA's fee is in addition to the premium charged [...]
We are seeing more and more Florida schools, military bases and cities pursuing solar electricity to power their communities and hope the below article from the Construction Executive on "Surviving the 'Solarcoaster': How to Succeed Amid Evolving Technology and Regulations" helps our solar contractors who are looking for a competitive edge in our current marketplace. [...]
Per the Local 10 Miami News, five companies have finally been collectively fined for more than $86,000. "The U.S. Department of Labor's Occupational Safety and Health Administration fined multiple contractors Friday for safety violations after one employee died and five other employees sustained serious injuries when a pedestrian bridge at Florida International University's main campus collapsed. [...]
According to an article on roadsbridges.com, some feel P3's still have a bright future with public owners and in the private sector. It's an interesting arcticle, so I wanted to share. "Ask someone about the industry’s adoption of public-private partnerships (P3s), and they may describe it as slow. But is it really? Or is it [...]
What is the CCTCP? The Community Contribution Tax Credit Program (CCTCP) is a State of Florida funded incentive to encourage businesses to partner with agencies that provide affordable housing. Through this tax credit program, your company can sponsor a Seminole-Apopka home and recoup your donation via a refund on sales tax you’ve remitted to the [...]
Effective October 1, 2018, the Small Business Administration's Surety Bond Guarantee (SBG) program will cut the contractor's fee for surety bond guarantees from $7.29 per $1,000, to $6.00 per $1,000. Many small and emerging contractors rely on the SBA to gain access to surety credit, and since the SBA fee is paid on top of [...]
From our team to yours, we hope you have a relaxing and wonderful Labor Day weekend! Our office will be closed on Monday in observance of the holiday. We will resume normal business hours on Tuesday, 9/4.
Per the Orlando Business Journal, three of downtown Orlando's most prominent buildings are getting a facelift in a high-profile renovation project in the central business district. "San Diego-based Southwest Value Partners, downtown Orlando's largest office landlord, is rolling out a series of multimillion-dollar renovations to the Bank of America Center, the Citrus Center and the [...]
The OBJ provided some great details on the future KMPG Training Center being built at Lake Nona. Per the article "The titanic KMPG Learning, Development & Innovation Center at Lake Nona — spreading out over 55 acres — already towers above the tree line despite still being built in the fast-growing southeast Orlando community. The [...]