Category: Surety Monthly

Contractor Safety: Are You Responsible When They Are on Site?

Dealing with contractors on site who don’t adhere to your safety procedures can be risky. Since you or your employer can be subject to fines or even jail time when not compliant…

Subcontractor Bonding: What General Contractors and Subcontractors Need to Know

With project owners and general contractors becoming more risk averse, bonding subcontracts has become more prevalent than ever. Decades ago, many sureties viewed bonding subcontractors as more risky than bonding prime contractors….

Construction Material Prices Plunge in September

Prices for inputs to construction industries plunged 1.6 percent in September after shedding 0.9 percent in August, the Bureau of Labor Statistics reported today. Year-over-year prices were down 5.3 percent for the…