Surety Bond News
The latest happenings affecting the surety bond industry.
Economist: Supply chain improvements, reduced freight rates lowering construction input costs
Inflation is easing in the construction industry, with supply chains improving and freight rates declining, ...
Construction groups oppose OSHA rule on electronic reporting
Full Story: Engineering News-Record (tiered subscription model)
Wash. lets private project contractors provide surety bond in lieu of retainage
Full Story: JD Supra
Sale of Mich. wind farm contingent on $8.7M decommissioning bond
The company buying a wind farm in Michigan's Huron County has agreed to provide an ...
Attorneys’ fees in Prompt Pay Act claims can carry high cost for Ohio contractors
An Ohio appeals court decision required a contractor to pay nearly $65,000 in attorneys' fees ...
Mass. JV reaches $1.9M settlement of allegations of misrepresenting disadvantaged status
A joint venture that built a baseball stadium in Worcester, Mass., will pay $1.9 million ...
Pa. lawmaker to revive bill on bonding, decommissioning solar sites
Full Story: Pennsylvania Business Report
Conservation group: Minimum required bond amounts inadequate for Wyo. oil, gas operators
A conservation group says Wyoming's required minimum bond amounts are inadequate for oil and gas ...
Expert: As material, labor costs rise, contractors’ coverage must align with replacement costs
Soaring material prices and labor costs are presenting insurance challenges for construction contractors, who might ...
