Liberty Mutual Surety provided a great visual breakdown of common factors that lead to contractor failure. They got this data through evaluating a sample of contract surety claim matters over a 10-year period. Elements were identified at the time of the claim and are listed by frequency; there are many cases in which multiple elements […]
5 Elements of Contractor Failure, by Liberty Mutual Surety Read More »
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
Protecting your Profits Amidst Rising Inflation Read More »
Happy St. Patrick\’s Day from our team to yours! One thing we love more than bonds is….FOOD! Agent Bob O\’Linn kicked off our St. Patrick\’s Day celebration with his homemade Chocolate Chip Irish Soda Bread. What\’s your favorite St. Patrick\’s Day dish?
Happy St. Patrick\’s Day! Read More »
By: Curtis Fort with Construction Credit & Finance Group, LLC. Review your credit application. Extending credit to customers can be very risky; however, a comprehensive credit application containing security language can mitigate that risk and allow you to file a UCC-1 to further secure your receivables. Educate your credit & sales teams throughout the year
Commercial Debt Collection Tips To Find Fast Resolution Read More »
It was interesting to learn that of the 96,000 PPP loan forgiveness applications the SBA has received since August 10th, they have yet to actually approve any. It\’s no wonder that contractors have become frustrated by the long wait – but it appears they may finally be getting their long awaited answers. According to an
PPP Forgiveness Approvals Could Begin Soon, SBA Says. Read More »
There are a lot of unknowns in the world right now, so it was nice to have something familiar to look forward to. The Associated Builders and Contractors made the decision to still put on their annual event, one they know so many people look forward to every year. They put safety precautions in place,
We live in interesting times, uncertain times, anxious times. It is difficult to predict what is going to happen to surety credit over the next few COVID-19 months (years?). It is likely, however, that sureties will rely on, more than ever, the general agreement of indemnity (GIA). As with any contract, it is far better
Understanding the General Indemnity Agreement \”GIA\” Read More »
What If The Contractor, Rather Than The Owner, Signs a Notice of Commencement? Is the Notice Defective And, Therefore, Ineffective? Lexology.com provided an in-depth answer to this very popular question. \”Under Florida lien law, a Notice of Commencement is a form document the property owner is generally required to sign and record in the public
What If The Contractor, Rather Than The Owner, Signs a Notice of Commencement? Read More »
What can you do to prepare for the potential hardening surety market?
This weekend is about taking time to honor those who lost their lives fighting for our county. This weekend and every day Florida Surety Bonds supports our veterans and veteran owned businesses. Thank you to our limited staff at the office for taking the time to pay tribute to our fallen heroes. Hope everyone has
Happy Memorial Day Read More »
