Surety Blog

In the event of a shutdown of the Federal Government at midnight on April 8, 2011, please be advised that the processing of applications and claims in the Prior Approval Surety Bond Guarantee Program, and the processing of claims in the Preferred Surety Bond (PSB) Guarantee Program, will be suspended for the duration of the […]

Ask today to have your representative or senator co-sponsor H.R. 674 and S. 164 to repeal an unfair and unwarranted withholding mandate. In Less Than 40 Weeks, Federal, State, and Local Governments will be Forced to Withhold 3% From Every Payment to Contractors for Taxes!  This withholding will often exceed the total tax liability for

Veteran Verification memo 12 10 10

Have you noticed how many difficulties in construction relate to broken relationships rather than poor construction?. At the heart of so many heated matters is a personality conflict. The pain is revealed in all the letter writing and posturing. Often, one who may feel he was not treated with respect now demands respect in the

It depends on whether or not it is a public (255.05) project or a private (713.23 or 713.245) job.  If it is a public project, the statutes allow for some leeway on when you can file a lawsuit for retainage. On a public job, a claimant can sue for retainage within one year of performance

Being in the construction business can be rough even in the good years. There is so much that can go wrong on a job. But now, in this time when there is so little work and so many contractors, it is especially tough on contractors. Banks are pulling their financing on projects. Banks are not