As part of our training program, we send our employees to take part of the National Association of Surety Bond Producers "NASBP" Surety School sessions. Level I is a good introduction into bonding and goes into detail the things that we train on in the office. Sarah Drinnan, joined our team in March and participated [...]
Here is a link to a great article on the Construction Executive's website. The article shares 10 tips on negotiating contracts. Understand the owner’s project performance requirements. Develop realistic cost estimates. Establish a realistic project schedule. Sell the project team. Pick risk allocation battles. Engage an insurance advisor. Strive for progressive dispute resolution. Understand the [...]
Workers are racing to meet the January 12th deadline for the new Daytona Rising stadium. If you were to look at the stadium from International Speedway Blvd., all might look ready to go, but there is actually still a lot left to do! Barton Malow project director Len Moser said work slowed for the Thanksgiving holiday [...]
The National Defense Authorization Act, a new military spending bill which President Obama is expected to sign, includes Section 874; which upgrades the minimum standards for surety-bond assets. The section closes a gap in federal regulations by requiring that assets are real and placed in the care and custody of the federal government. Under the [...]
It's always nice to get together out of the office and do something fun. When you can incorporate that into a team building event, it's even better. The Florida Surety Bonds team did their first ever team cooking class last week and had a blast! In this class, we worked together to make a [...]
In case you missed it, President Obama signed the new 2016 federal budget bill earlier this month. What does that means for us? Well, the new bill includes a small provision that could have a huge financial impact on the construction industry. The U.S. Department of Labor's Occupational Safety and Health Administration hasn't increased the fines since [...]
Big News for Florida! Northrop Grumman has won the contract to build the US Air Forces' next generation Long Range Strike Bomber (LRS-8). It was announced last night that Northrop beat out both Boeing and Lockheed Martin for this contract, which is expected to be over $55 billion throughout the life of the program. This [...]
Central Florida has about $4.5 Billion of Commercial Construction work going on. Several of the projects are healthcare related. There are several hospital systems investing in their cancer treatment centers, which make up a piece of that $4.5 Billion! It's been some time since a new cancer center was built in the Central Florida area. [...]
According to a recent article on bizjournals.com, Harbor House of Central Florida is officially expanding! For those of you that aren't familiar with Harbor House, they strive to help those affected by domestic violence. Last week, they held a ceremonial groundbreaking for their new 119-bed, 27,500-square-foot facility. The $7.4 million facility is called "Morgan & [...]
Pinktober 2015! Today, the ladies of Florida Surety Bonds wore pink in support of Breast Cancer Awareness.