Preparing for a Potential \”Hard\” Surety Market featured in Florida Transportation Builder Magazine
What can you do to prepare for the potential hardening surety market?
Surety Blog
Happy Memorial Day
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
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Top 10 Mistakes Contractors Make When Growing Too Fast
Everyone wants to grow their construction business, we want to help you grow yours while avoiding the pitfalls associated with growing too fast.
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We\’re Here For You!
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Disaster Loans for Florida Construction Businesses Impacted by COVID-19
If your Florida construction business has been impacted by COVID19/coronavirus, you might be eligible for a disaster loan to provide liquidity for your business. Florida is providing a short term (<1 year), $50,000 bridge loan at https://floridadisasterloan.org, which is helpful if you need cash now. If you can afford to look at other options, I
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Florida Limits Retainage on Public Projects to 5%
\”After a 40-0 vote, Florida lawmakers have passed a bill that will limit the amount of retainage that can be withheld from contractor payments on state and local publicly funded projects to 5%. If Florida Gov. Ron DeSantis signs the legislation, the new law will go into effect Oct. 1, 2020. Currently, contractors working on
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FDOT Prequalification Requires 2019 Financial Statement Changes.
Heads Up! The FDOT requires that an annual financial statement prepared under Generally Accepted Accounting Principles (GAAP) be included with the contractor’s annual prequalification package this year. Before you have your CPA finalize your financials, make sure they are doing it on the required method. According to the article that the Florida Transportation Builders Association
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How To Battle The Credit Bureaus and Win.
Whether you\’re contesting an error or combating fraud, Kiplinger put out a great guide on how to secure the best chance of success. \”The three major credit-reporting bureaus—Equifax, Experian and TransUnion—have logged the most complaints for four years running, according to a report from the U.S. Public Interest Research Group. Most of the complaints involve
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Florida Courts Continue to Expand Liability of Design Professionals on Construction Projects
There was a recent article on law.com that went into detail about how design professionals such as architects and engineers are exposed to significant risk and potential liability for errors and omissions in possibly more than just their designs on construction projects. It was an interesting article worthy of sharing…it stated “In addition to potential
Feeding Children Everywhere- 30,000 Meals Packaged!
The Florida Surety Bonds team helped package 30,000 meals that will be distributed to local families in need through Feeding Children Everywhere and Full Cart!
The domestic feeding arm of Feeding Children Everywhere serves the 45 million Americans living below the poverty line, including millions of children, seniors and veterans across the country.
Our Florida Surety Bonds family had a great time collaborating on this project and encourage you to host your own Hunger Project to make an impact in your local community! www.feedingchildreneverywhere.com
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