Surety Blog

For decades, the Public Education Capital Outlay (PECO) fund has been funded by taxes hidden in your telephone, electricity, and cable TV bills.  10 years ago, this provided over $1 billion for school construction and maintenance.  It provided 25% of all expenditures on school facilities.  But, that is not true anymore.  As more and more […]

  For those of you that are following our outreach with the Habitat for Humanity build, they have set a date to start building and need help! National Builders Blitz Week is a partnership between Habitat for Humanity affiliates and the local building community to make sure more families have  a chance to own a

  The National Association of Surety Bond Producers (NASBP) recently put out an informative article that advises contractors to be sure they\’ve taken the necessary steps to verify the authenticity of a surety bond. Not doing so could have wide-ranging consequences that could affect subcontractors, suppliers and project owners, putting construction projects in jeopardy. Read

If you haven\’t already done so, we encourage you to check out the \”Links\” section of our website which has the links to several different Florida Statutes and Associates that are important in the construction industry. You can click here  to be directed to that page.    

In January, Florida Governor Rick Scott announced that the Florida Department of Transportation (FDOT) will receive $8.8 billion in Florida’s budget to make strategic transportation infrastructure improvements throughout the state. This means a lot of road and bridge construction opportunities for small and disadvantaged businesses. In an effort to help grow small businesses in the

The National Association of Surety Bond Producers (NASBP) recently developed a new website that offers an online course and a repository of other valuable information to help small and emerging contractors start the bonding process. The website, www.suretylearn.org, helps small and emerging contractors learn more about the basics of bonding and educates emerging construction business

At any recent gathering of general contractors, a common theme has been that they are being presented with plans that are so incomplete and improperly drawn that the project would be unbuildable.  Yet, so many are hungry for work, that they bid the job with the hopes of coming to a reasonable resolution with the

  Effective February 12, 2014 the SBA Quick App increased the limit on Liquidated Damages from $250 a day to $1,000 a day! In addition, jobs with two year maintenance terms are now eligible in the program. These improvements to the program will allow more contractors to bid on jobs that never would have been