Surety Blog

What you want to know about the new residential property market legislation in Florida

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The latest from our Florida Legislature by Carol Bowen, JD I Chief LobbyistAssociated Builders and Contractors of Florida & Vice President of Government AffairsAssociated Builders and Contractors Florida East Coast Chapter. What Happened In Tallahassee This Week?The Legislature returned to Tallahassee this week with the sole purpose of addressing the current situation and circumstances of […]

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U.S. Army Corps of Engineers New Orleans Industry Day

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It is the “Golden Age of Funding for the Corps” and Emily Golecki and Sarah O\’Linn were honored to support the U.S. Army Corps of Engineers New Orleans Industry Day and hear about the unprecedented infrastructure opportunities first hand. Mississippi Valley District is exceeding their small business set-aside contracting goals and Dave Willis (pictured, center) and the New Orleans

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Planning for 2021 Taxes: What Contractors Need to Know

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BY DAVID V. JEAN WHEN TAX TIME rolls around, contractors often feel like the deck is automatically stacked against them. But the right tax planning strategy helps to ensure the House, in this case the IRS, doesn’t catch you off guard. These tax benefits could help you save a substantial amount of money. Contractors should consider several

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New accounting requirements for leases take effect

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We recently learned from Withum, CPA\’s that the Financial Accounting Standards Board long anticipated new accounting rules for leases is now in effect for nonpublic companies whose fiscal year began after December 31, 2021. In simple terms, most every lease for lessees will no appear on a company\’s balance sheet. The present value of all

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Construction Industry: Will Bid Prices Catch up with Material and Labor Cost Increases?

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The November 2021 AGC data shows there’s been an alarmingly large gap between construction input inflation and bid price inflation since April 2020, but it appears the bid price inflation is finally gaining ground. The bid price inflation rate sharply rose from 2.8% in May 2021 to 12% by October 2021. Industry analysts expect bid

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Bidding Publicly Funded Work? Here\’s what you need to know BEFORE bidding.

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With the new $2.3 trillion US infrastructure spending proposal and the $1.52 trillion 2022 discretionary spending proposal submitted to Congress there will be more contractors looking to take advantage of upcoming opportunities. If public work is new to you there is a lot to consider before bidding – bonding is one of them. Florida Statutes

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Protecting your Profits Amidst Rising Inflation

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Construction Input Costs and Overall Inflation on the Rise: With fiscal stimulus checks hitting bank accounts across the United States this month and tax refunds rolling in, we have our eyes on construction input inflation, as well as inflation in the broader economy.  Earlier this month, Associated Builders and Contractors reported that nonresidential construction input

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