NewsDaniilStanisevschi@gmail.com2023-01-06T16:46:06-06:00

Surety Bond News

The latest happenings affecting the surety bond industry.

Architecture Billings Index (ABI)

November 2022

46.6

October 2022

47.7

Architectural Billing Index Month to Month decreased by over a point, remaining below 50, 2 consecutive months. Not a good sign for the 2024 construction season. 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”

Ascent-_Cover-Story_12212020_900

284 foot tall wood and concrete tower underway in Milwaukee

Official Story Here

6thJan, 2023

Appeals court upholds injunction on COVID-19 vaccine requirement for federal contractors

Babcock Solutions2023-01-06T16:39:13-06:0001/06/2023|

Full Story: JD Supra

6thJan, 2023

Mass. JV reaches $1.9M settlement of allegations of misrepresenting disadvantaged status

Babcock Solutions2023-01-06T16:38:53-06:0001/06/2023|

A joint venture that built a baseball stadium in Worcester, Mass., will pay $1.9 million ...

6thJan, 2023

Pa. lawmaker to revive bill on bonding, decommissioning solar sites

Babcock Solutions2023-01-06T16:38:14-06:0001/06/2023|

Full Story: Pennsylvania Business Report

12thSep, 2022

Conservation group: Minimum required bond amounts inadequate for Wyo. oil, gas operators

Babcock Solutions2022-09-12T09:44:58-05:0009/12/2022|

A conservation group says Wyoming's required minimum bond amounts are inadequate for oil and gas ...

12thSep, 2022

Expert: As material, labor costs rise, contractors’ coverage must align with replacement costs

Babcock Solutions2022-09-12T09:44:21-05:0009/12/2022|

Soaring material prices and labor costs are presenting insurance challenges for construction contractors, who might ...

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

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