Surety Blog

One of the areas that the SBA is working with contractors is in being more accepting on the quality of financial statements you prepare.  For many contractors, the cost of bonding is really the cost they have to spend on CPA\’s and accountants to prepare the financial information required by the surety.  So it is […]

For many years, if you wanted to do work over $250,0000 for the Florida Department of Transportation, you had to submit a CPA audit within four months of your fiscal year end. An audit can be a very expensive and time consuming endeavor. The FDOT has revised their requirements. More of their work can now

Florida’s Growth rate will hit 2.5% in 2013, and maybe exceed 3.4% in 2014. Why? A major factor will be housing. Construction jobs will account for 30 percent of the new jobs created during the coming three to five year cyle of growth, according to Beata Caranci, VP and deputy chief economist of TD Bank

Please click here to view the PDF in regards to the 2012 revisions to lien laws.

Unfortunately, in the past few years, we have heard of several cases where a General Contractor has made claim on a subcontractor bond after the sub defaults, and the surety is very slow to respond. As the GC sits and waits for the surety to respond, the job needs to be completed. If the GC

Congress will be voting on a 100 billion dollar transportation bill in July.  As their approval indicates, this congress can rarely get anything done.  Unfortunately, a stalemate in Washington could bring construction in Florida grinding to a halt.  Included in that transportation bill are Federal projects like the construction on the I-4 corridor connecting Tampa

I was fortunate to sit in on a round table of small business owners on Tuesday at an attorney’s office in Winter Park. There were architects, window installation contractors, general contractors, bankers, insurance agents, engineers, and most interestingly Mike Stewart of Stewart Electric Motor Works.http://www.semw.net/. Everyone talked about how tough it has been since 2007.

Guest Post By: Robert High, President of H.J. High Construction. (www.hjhigh.com) May 7, 2012 When discussing the government, most people focus their frustrations on our president, Congress, or the Supreme Court. However, closer to home we’re finding an increased government burden in our industry that is quietly costing all of us an exorbitant amount of

In a recent release from the United States Census, it was reported that 9% of all U.S. Businesses are Veterans Owned. These Veteran owned businesses had an impressive sales receipts of $1.2 trillion, 5.8 million employees, and an annual payroll of $210 billion. Clearly, veterans are major contributors to the US economy. Construction companies were

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