Insurance & Bonding

Washington, D.C. - The FHA (Federal Housing Administration) Office of Multifamily Housing plays a critical role in the development, substantial restoration, and refinancing of market-rate and affordable housing through the issuing of FHA mortgage insurance policies. These insurance programs contribute to the stability, liquidity, and affordability…

Carpinteria, California - (NYSE: PCOR) Like everyone else you are probably asking yourself: why would Procore pay $500M for LevelSet? Don't worry you are not alone and most likely it's not why you would think. LevelSet is a platform for managing lien notice of intents, placements and payment collection for the United States. The construction…

United States of America- So far this year, the Maine Department of Transportation has rejected bids on at least 15 projects because the contractors' bids were significantly higher than the department's budget. Maine DOT has canceled 17 percent of its paving projects for the year as inflation ate sustainability out of production to cost ratio.…

OSHA is the federal agency that enforces safety and health in US workplaces, and this includes construction safety. OSHA is part of the US Department of Labor, and each year they publish statistics about workplace injuries and fatalities, along with the US Bureau of Labor Statistics (also part of the Department). Although OSHA is a US-based…

The US economy is recovering quicker than expected, according to Federal Reserve Chairman Jerome Powell, but he believes there is still a long way to go. Unemployment is one of the main challenges, and there are 10 million jobs less than before the COVID-19 pandemic. In order to stimulate the US economy, the Federal Reserve decided to leave the…

On Wednesday March 10, the House of Representatives approved the American Rescue Act of 2021, which is also known as the COVID-19 relief package. The bill has many measures that will help the American economy recover from the pandemic, which include employment incentives and a dedicated budget for the construction industry. The Covid-19 relief…

The new regulation poses the question of, “whether, as a matter of economic reality, the workers depend upon someone else’s business for the opportunity to render service or are in the business for themselves.”

companies have been denied forgiveness from the Paycheck Protection Program loan. However, are permitted to take tax credit corresponding to the number of proceeds utilized to pay employee wages.

The FED's OFCCP is pleased to announce the release of its New Technical Assistance Guide.Per the OFCCP: The guide provides compliance assistance regarding equal employment opportunity obligations for small federal supply and service, construction contractors and subcontractors, as well as and federally assisted construction contractors…

Construction Insurance Markets Amongst the sudden globalized spread of COVID-19, it seemed almost inevitable that every market, business, and institution in the United States would suffer its destructive impacts. Local government lockdowns constituted to wide-spread delays and construction project cessations but for many in the industry,…