Surety Blog

The economists at the Association of Builders and Contractors released data last week that shows that although private nonresidential construction spending was down in January, it was up 16.6 percent compared to January 2011. Public nonresidential spending remains pretty flat and was up only 0.4% from a year ago. The slow growth in public spending […]

The government is one of rules. They follow their rules whether they make sense or not. One of the rules that can trip up a potential 8(a) contractor is that you cannot qualify if your business is economically dependent on one commercial client for 70% or more of its revenue during the last months. The

Surprisingly, the answer is no. The surety’s first responsibility is to make good on the bonds issued. They have to deal with their obligations related to the performance and payment bonds. Their second responsibility is to conserve the assets of their surety. They actually have no obligation to finance any contractor. They may do so

According to figures released by the Associated General Contractors of America, raw material prices have risen 8.1% in the past year, while the price contractors have been able to charge for new nonresidential construction has risen by only two or three percent. In other words, in this tough economy, contractors have been forced to eat

http://www.news-journalonline.com/news/local/west-volusia/2011/10/31/volusia-looks-to-give-local-contractors-advantage.html

SBA Increases Surety Limits Following Disasters 2011

The U.S. Treasury is scheduled to stop stimulating the economy in June, 2011 through the purchase of U.S. Treasuries.  They will have completed a record stimulation by purchasing $600 billion by that point.  What will happen if this stimulus suddenly stops? Some think the stock market might drop after being “artificially” supported by the Treasury. 

The new Women-Owned Small Business (WOSB) Federal Contract Program will be fully implemented over the next few months. This program will provide greater access to federal contracting opportunities. Check out www.sba.gov/wosb for more information.

According to Carr, Riggs, & Ingram, CPA’s, last year, congress passed legislation that would expand the mandatory filing of Form 1099. The provisions to do so were found in last year’s Patient Protection and Affordable Care Act (PPACA), and the Small Business Jobs Act (SBJA). What would you call a bill that would streamline the

We could speculate, but it is probably better to go right to the source for the answers.  Here’s a link to the FDIC explanation of coverage for you.  Give us a call if you have any questions. http://www.fdic.gov/deposit/deposits/changes.html