Surety Blog

Reduced SBA Surety Fees Now in Effect

Effective today, October 1, 2018, the Small Business Administration\’s Surety Bond Guarantee program cut its fee for surety bond guarantees from $7.29 per $1,000, to $6.00 per $1,000.  The SBA guarantees contracts up to $10 million for contractors who are unable to obtain bonding through regular commercial channels.  The SBA\’s fee is in addition to the premium charged […]

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Multiple contractors fined for OSHA violations after the FIU Bridge Collapse

Per the Local 10 Miami News, five companies have finally been collectively fined for more than $86,000. \”The U.S. Department of Labor\’s Occupational Safety and Health Administration fined multiple contractors Friday for safety violations after one employee died and five other employees sustained serious injuries when a pedestrian bridge at Florida International University\’s main campus collapsed.

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Future of P3\’s?

According to an article on roadsbridges.com, some feel P3\’s still have a bright future with public owners and in the private sector. It\’s an interesting arcticle, so I wanted to share. \”Ask someone about the industry’s adoption of public-private partnerships (P3s), and they may describe it as slow. But is it really? Or is it

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Habitat for Humanity – Community Contribution Tax Credit Program

What is the CCTCP? The Community Contribution Tax Credit Program (CCTCP) is a State of Florida funded incentive to encourage businesses to partner with agencies that provide affordable housing. Through this tax credit program, your company can sponsor a Seminole-Apopka home and recoup your donation via a refund on sales tax you’ve remitted to the

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Good News For Small Contractors: SBA Slashes Fees for Surety Bond Guarantees

Effective October 1, 2018, the Small Business Administration\’s Surety Bond Guarantee (SBG) program will cut the contractor\’s fee for surety bond guarantees from $7.29 per $1,000, to $6.00 per $1,000. Many small and emerging contractors rely on the SBA to gain access to surety credit, and since the SBA fee is paid on top of

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Renovations On The Way To 3 Downtown Orlando Buildings

Per the Orlando Business Journal, three of downtown Orlando\’s most prominent buildings are getting a facelift in a high-profile renovation project in the central business district. \”San Diego-based Southwest Value Partners, downtown Orlando\’s largest office landlord, is rolling out a series of multimillion-dollar renovations to the Bank of America Center, the Citrus Center and the

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A Look Into the $450 million KMPG Learning, Development & Innovation Center at Lake Nona

The OBJ provided some great details on the future KMPG Training Center being built at Lake Nona. Per the article \”The titanic KMPG Learning, Development & Innovation Center at Lake Nona — spreading out over 55 acres — already towers above the tree line despite still being built in the fast-growing southeast Orlando community. The

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