It’s nothing new to hear that skilled construction tradespeople are in short supply. There is a major need for construction workers on all levels but not nearly enough skilled workers to fill that need. In 2017 there were 46,600 Florida Construction Firms hiring and there are 1.1 million construction workers needed to fill upcoming projects [...]
Jimerson Birr Law Firm (www.jimersonfirm.com) had a great article on their blog regarding upcoming changes to Florida's Private Project Payment Bond Claim Requirements. According to the article "All Florida construction industry participants need to be aware of the significant new changes to the payment bond claim requirements on private projects under section 713.23, Florida Statutes, [...]
Some of the FSB team braved the heat this weekend and volunteered their time to help build a house! You heard that right.....helped BUILD A HOUSE. A lot of love and sweat went into building a beautiful home for a wonderful military veteran family of seven. It was an honor for our Florida Surety Bonds [...]
Bonding wouldn’t be valuable if everyone could do it. Becoming bondable and having a competitive bond program, could set you apart from your competition. More opportunities More and more jobs are requiring that you provide a bond. If you aren’t bondable, you may miss out on a great opportunity. In Florida, all public construction projects [...]
Article courtesy of www.riskandinsurance.com "To win bids on big projects, construction companies first need to win the trust and support of a surety carrier. A surety bond not only protects project owners and investors from financial loss, but provides reassurance that the work will be completed and meets the high standards for quality and timeliness. [...]
There is a lot of competition in the surety industry these days. See how that can benefit you! Whether you are new to bonding or an established bond user wanting to get a confidential second opinion of your bonding program we can help. With access to exclusive surety appointments in the state, Florida Surety Bonds [...]
YES!! We recommend that a contractor get pre-qualified BEFORE there is a bond need. It makes the process easier for everyone, plus…. • It’s Free! • Once you are set up, we can provide you with free bondability letters for marketing or job pre-qualifications. • Better to know if you qualify and what you qualify [...]
The price of construction materials decreased 1.8 % from October 2018 to November 2018, according to data released by the U.S. Bureau of Labor Statistics. Materials prices are still 5.3% higher than last year, led by double digit percentage increases in steel, iron, and natural gas. According to Associated Builders and Contractors, Inc.'s chief economist, [...]
On Monday December 3, 2018, the U.S. Census Bureau released monthly U.S. construction spending statistics for October 2018. Per the newest monthly report, public construction spending as of October 2018 is 0.8% higher than forecasted in September 2018, while private sector spending is 0.4% lower than previously forecasted. This year, public construction spending is 8.5% [...]
Earlier this week the City of Orlando approved a $140 million high rise project for Downtown Orlando. Zoi House, which means "life" in Greek, will be the tallest building in Orlando. The building will include space for retail, office buildings and apartments. The plans show that the very top will have a pool deck overlooking [...]