Courtesy of Broadview Networks VoIP Blog. Broadview Networks This map shows which industries dominate every US state. Broadview Networks used data provided by Hoover's to create this graphic, and the map specifically focuses on revenue from the last fiscal year.
The construction business by its very nature involves large purchases of materials and equipment, as well as significant payments to subcontractors, so it is fraught with the opportunity for trusted employees to commit fraud. While it is important to be alert to the risk of theft by strangers, the potential for theft by [...]
Work is in full force now on the $2.3 billion Ultimate I-4 renovation and there's still a need for more subcontractors and vendors. An article in the Orlando Business Journal says that by the estimated completion in 2021, SGL will have accepted bids for roughly 500 subcontracting packages in different areas. A few packages are currently [...]
Yesterday, July 28th, the University of Central Florida's board of trustee's approved to proceed with a $38 million project that involves constructing a new building and demolishing an existing one. In the next nine months, UCF will start seeking contractor bids for the new 136,000-square-foot building - which will include faculty offices, classrooms, student advising and [...]
We received the following notification from the FDOT for Road and Bridge Construction and Maintenance Contracts: "FDOT is initiating the use of program which will use the DocuSign® application, as a part of the Department’s electronic contracting and paperless initiatives. The DocuSign® application will be used as the mechanism to transmit and execute contract documents for [...]
Two men in Broward County admitted to setting up a fake construction company through which they cashed $7.4 million in undocumented construction worker payroll, the South Florida Sun-Sentinel reported. Now, they are facing 5 years in Prison. Read the full article HERE
Leslie Donahue has been with Florida Surety Bonds since December 15, 1998, and we appreciate all that she has done for us and for our clients. Leslie officially retired on Wednesday and we celebrated with her on Friday. We will miss Leslie around the office and look forward to hearing all her stories as she [...]
The construction business by its very nature involves large purchases of materials and equipment, as well as significant payments to subcontractors, so it is fraught with the opportunity for trusted employees to commit fraud. While it is important to be alert to the risk of theft by strangers, the potential for theft by insiders [...]
The Florida Transportation Builders Association had a great article about Waiving Consequential Damages in their latest Publication, which I wanted to share. Here is the full article for your reading pleasure: FTBA - Waiving Consequential Damages
Good news from the courts regarding the scary False Claims Act, and we at Florida Surety Bonds applaud the decision. There have been several articles written regarding the potential hazards to contractors associated with the False Claims Act on Federal contracts. The False Claim Act can come into play in instances where the contractors work [...]