Surety Bond News

The latest happenings affecting the surety bond industry.

Architecture Billings Index (ABI)

March 2022

58.0

February 2022

51.3

Architectural Billing Index Month to Month increased by 6.7, remaining above 50, 14 consecutive months. March represents a 10-month high. ABI is a leading economic indicator that leads non-residential construction activity by about 9-12 months.

AIA Billings Index

Milwaukee gets some ENR Press 25-Story Timber Project “Ascent”

284 foot tall wood and concrete tower underway in Milwaukee

Official Story Here

22ndApr, 2022

Surety selects contractor to complete Texas city sidewalk project

Babcock Solutions2022-04-22T15:56:29-05:0004/22/2022|

Full Story: Community Impact Newspaper (Texas)

22ndApr, 2022

Surety must pay out, court rules; owner, contractor entered new agreement

Babcock Solutions2022-04-22T15:55:31-05:0004/22/2022|

Full Story: Business Insurance

22ndApr, 2022

Construction workforce, wages surpass pre-pandemic levels

Babcock Solutions2022-04-22T15:55:01-05:0004/22/2022|

Full Story: Quartz (tiered subscription model)

28thMar, 2022

Surety takes over Conn. fire station renovation after contractor default

Babcock Solutions2022-03-28T15:11:25-05:0003/28/2022|

Full Story: The Hour (Norwalk, Conn.)

28thMar, 2022

State officials anticipate how federal funds for broadband infrastructure will be managed

Babcock Solutions2022-03-28T15:10:59-05:0003/28/2022|

Full Story: Government Technology

28thMar, 2022

Treasury proposes new categories of reinsurers, changes to surety program

Babcock Solutions2022-03-28T15:10:01-05:0003/28/2022|

The Treasury Department has issued a proposal containing provisions that would create two additional categories ...

19thOct, 2021

Lawmaker: Bonds for Wis. construction projects protect taxpayers

Babcock Solutions2021-10-19T10:48:25-05:0010/19/2021|

Legislation under consideration in Wisconsin aims to increase competition for state construction projects by easing ...

19thOct, 2021

Key to surviving increased material costs may be in project parties sharing risks

Babcock Solutions2021-10-19T10:48:04-05:0010/19/2021|

Increased construction material costs are putting strains on projects and raising the risk of contract ...

19thOct, 2021

Actions federal contractors can take to help comply with vaccine mandates

Babcock Solutions2021-10-19T10:47:24-05:0010/19/2021|

Full Story: JD Supra

12thAug, 2021

Attorney: On-demand bonds fall short of traditional bonds

Babcock Solutions2021-08-12T13:53:35-05:0008/12/2021|

Traditional performance bonds offer better obligee safeguards than on-demand bonds for multiple reasons, an attorney ...

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Surety Bond News

Architecture Billings Index (ABI)

March 2022

February 2022

Milwaukee gets some ENR Press 25-Story Timber Project “Ascent”

284 foot tall wood and concrete tower underway in Milwaukee

Surety selects contractor to complete Texas city sidewalk project

Surety must pay out, court rules; owner, contractor entered new agreement

Construction workforce, wages surpass pre-pandemic levels

Surety takes over Conn. fire station renovation after contractor default

State officials anticipate how federal funds for broadband infrastructure will be managed

Treasury proposes new categories of reinsurers, changes to surety program

Lawmaker: Bonds for Wis. construction projects protect taxpayers

Key to surviving increased material costs may be in project parties sharing risks

Actions federal contractors can take to help comply with vaccine mandates

Attorney: On-demand bonds fall short of traditional bonds

Surety – Guaranteed to Succeed

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