Thursday, August 27, 2015

Bond for Maize School District


Maize, which is a rival school district from the one in which I grew up in, is getting more performance bonds for the school specifically the storm shelter.See more at the article below.See our Blogspot page here.See our Tumblr page here.http://www.bizjournals.com/wichita/news/2015/08/24/hutton-construction-selected-as-projects-manager.htmlHutton Construction selected as projects manager for Maize s $70.7M school bond planHutton Construction Corp. has been selected as the construction manager at-risk for a $70.7 million school-improvement plan in the Maize school district. Now, district leaders are working with Hutton and representatives from Schaefer Johnson Cox Frey Architecture — the architecture firm of record for this plan — to determine a projects timeline. The bulk of the projects must be completed within three years in accordance with bond regulations, district officials say. District leaders say appointing a construction manager at risk helps to ensure projects are comple
http://swiftbonds.com/bond-for-maize-school-district/
Read More

Wednesday, August 26, 2015

More bonding capacity for Main Street


Main Street Group gets more bonding capacity.  Hey, it s always great to see a company get more bonding power.  This allows us to write more performance bonds for our clients.  Way to go guys.See more at the article below.See our Delicious page here.See our Twitter page here.http://www.businesswire.com/news/home/20150826005675/en/U.S.-Treasury-Increases-Main-Street-America%E2%80%99s-Surety#.Vd3TvPZVikoU.S. Treasury Increases Main Street America’s Surety Bond Capacity to $93.4 Million August 26, 2015 10:24 AM Eastern Daylight Time JACKSONVILLE, Fla. (BUSINESS WIRE) The U.S. Department of the Treasury has raised The Main Street America Group’s NGM Insurance Company’s single surety bond capacity threshold to $93.4 million. The super-regional property/casualty insurance carrier’s previous capacity was $90.5 million.“The Main Street America Group is well established as a stable and consistent partner to independent insurance agents and their customers”The Treasury Department
http://swiftbonds.com/more-bonding-capacity-for-main-street/
Read More

Tuesday, August 25, 2015

Claims against a Payment Bond – It can be Tricky


Making a claim against a payment bond can be a tricky thing. As a contractor, you do not want to make the claim too early as the subcontractor may cry foul.  Also, the claim must be documented and you want to follow the steps to protect yourself.See more at the article below.See our WordPress page here.See our Facebook page here.http://www.natlawreview.com/article/making-claim-against-payment-bond-posted-general-contractor-or-sub-contractorMaking a Claim against a Payment Bond Posted by a General Contractor or Sub-ContractorMonday, August 24, 2015 In construction projects that are performed either on behalf of a municipality or a state agency, a general contractor and potentially a sub-contractor are typically required to post payment and/or performance bonds with the county or municipality. A general contractor or sub-contractor is required to post a payment and/or performance bond, because this ensures that sub-contractors or suppliers are paid, and enables the Township or state
http://swiftbonds.com/claims-against-a-payment-bond-it-can-be-tricky/
Read More

Monday, August 24, 2015

New Bid Bonds, Surety Bond, Fidelity Bond provider in Louisian


As you can see below, there is another bond company option in Louisiana.  Although Louisiana is not totally without a surety company, it is always nice to see another good player in the pace. This allows our customers to get better service and rates in Louisiana.  See our WordPress page here. See our Twitter page here.A great picture of a downtown construction site.
http://swiftbonds.com/new-bid-bond-provider-in-louisiana/
Read More

Breach of contract – Surety Bond troubles


Contractual relationships rule the day.That s the real lesson in performance surety work.  It s all about how the contracts are worded and whether the parties adhere to the contracts.  In the article below, the contractor was unhappy with the water board because they did not extend the time limit, per the terms of the contract.See our Delicious page here.See our Tumblr page here.http://louisianarecord.com/stories/510632496-sewerage-and-water-board-sued-by-construction-company-for-alleged-1-million-plus-breach-of-contractSewerage and Water Board sued by construction company for alleged $1 million-plus breach of contractA construction company is suing the Sewerage & Water Board for breaching contract in several ways and failing to pay the proper amount for work completed. W.L Wyman Construction Company, Inc. filed suit against Sewerage & Water Board of New Orleans in the Orleans Parish First Civil District Court on June 19.The plaintiff claims that it entered into a contract with th
http://swiftbonds.com/breach-of-contract-surety-bond-troubles/
Read More

Why surety bonds are needed


n the construction industry, surety bonds are required by a variety of entities for a variety of reasons.  In addition, many other sectors of the economy require a surety bond just to operate their business.  These bonds, called license and permit bonds, are used to make sure that the regulated entity pays their respective taxes, fines, etc.Below is a great example of why surety bonds should be used.  In this case, the charter schools did not have to have a bond, which is now causing massive problems for the other schools.  A surety bond would have eliminated this risk to the school district.http://www.sun-sentinel.com/local/broward/fl-broward-charter-money-20150814-story.htmlBroward County schools may have to repay $1.8 million owed by two closed charter schools.Obama Academy for Boys and Red Shoe Charter for Girls, both in Fort Lauderdale, agreed to close after frequent disputes with the district. But a recent State Auditor General report found the jointly owned schools could no
http://swiftbonds.com/why-surety-bonds-are-needed/
Read More

Who needs a fiduciary bond?


A fiduciary bond is needed by persons in certain circumstances, such as when you need one for a probate matter.  In these cases, a probate bond (which is a specialized type of fiduciary bond) is required by statute and guarantees that the probate administrator does not abscond with funds from the estate.See more at the article below.See our Blogspot page here.See our Tumblr page here.http://www.natlawreview.com/article/fiduciary-bonds-who-needs-themFiduciary Bonds – Who Needs Them?As a fiduciary, you may be required, or may want, to obtain a fiduciary bond before you are permitted to serve as a fiduciary. Fiduciary bonds are also known as probate bonds, executor bonds, administrator bonds, conservatorship bonds, guardianship bonds, and many others, depending on the nature of the fiduciary relationship.What is a Fiduciary Bond?A fiduciary bond is a legal instrument that essentially serves as insurance to protect beneficiaries, heirs and creditors when a fiduciary fails to perform ho
http://swiftbonds.com/who-needs-a-fiduciary-bond/
Read More

Surety bonds needed for students


Medical students and now going to be required to post a surety bond so that when they graduate, they won t just run off and make money.  No, instead, they will go out and go a responsible, give back to the community job, for at least a year..  For these students, a surety bond (which is a specialized type of bond) is required by statute and guarantees that the students will give back to the community.See more at the article below.See our Facebook page here.See our Twitter page here.http://www.natlawreview.com/article/fiduciary-bonds-who-needs-themSurety Bonds Medical studentshttp://tribune.com.pk/story/937590/practice-or-pay-up-medical-students-to-submit-rs3-million-surety-bond/Practice or Pay up: Medical student to submit surety bondMedical students will now have to furnish a surety bond for Rs3 million at the time of admission as an undertaking that they will serve in the primary healthcare sector for at least a year, Adviser to Chief Minister on Health Khawaja Salman Rafique sai
http://swiftbonds.com/surety-bonds-needed-for-students/
Read More

Alabama – Fuel Tax Changes


There are new fuel tax bond requirements in Alabama for petroleum seller.  In October of 2016, there will be a change to the fuel tax bond that is required.  Remember, a fuel tax bond is a type of surety bond and is required by statute and guarantees that taxes will be paid to the state.See more at the article below.See our Delicious page here.See our Diigo page here.https://www.suretybonds.org/blog/alabama-new-fuel-tax-bond-requirement/New Fuel Tax Bond Requirement For Alabama Petroleum Product SellersAre you running a business as a petroleum products supplier in Alabama? Then it’s worth looking into a new piece of legislation coming into effect on October 1, 2016 that is going to affect your work.Bill SB 133, which has already been enacted, introduces a change to the fuel tax bond that is required for those who sell petroleum products for which there is an inspection fee charged. The fuel bond amount is increased and there are more types of suppliers now that are required to o
http://swiftbonds.com/alabama-fuel-tax-changes/
Read More

Update on Medical Students need for Surety Bonds


Medical students and now going to be required to post a surety bond so that when they graduate, they won t just run off and make money.  No, instead, they will go out and go a responsible, give back to the community job, for at least a year..  For these students, a surety bond (which is a specialized type of bond) is required by statute and guarantees that the students will give back to the community.See more at the article below.See our Facebook page here.See our Twitter page here.Surety Bonds Medical studentshttp://www.tribuneindia.com/news/chandigarh/education/only-15-student-leaders-turn-up-to-furnish-surety-bonds/122502.htmlOnly 15 student leaders turn up to furnish surety bondsAhead of the Panjab University Campus Student Council (PUCSC) elections, out of a total of 50 student leaders and members of student organisations affiliated to different student organisations identified by the UT Police only 15 appeared before the Sub-Divisional Magistrate (SDM), Central, to furnish su
http://swiftbonds.com/update-on-medical-students-need-for-surety-bonds/
Read More

Florida Medical Marijuana – Surety Bond update


In Florida, several companies have applied to be the state s medical marijuana dispensing organization.  For these companies, a surety bond (which is a specialized type of bond) is required by statute.See more at the article below.See our Facebook page here.See our Twitter page here.The six nursery businesses that have applied to be Southwest Florida’s medical marijuana dispensing organization are turning to prominent professionals in the Sunshine State and cultivation experts from Colorado who have experience in the pot-growing industry.The state has been divided into five regions and only one license will be issued per region. Overall 28 applications were submitted from 24 nurseries. The six applicants for the region that includes Southwest Florida are based in LaBelle, Arcadia, Sarasota, Ruskin (two), and Homestead.Applications, including a $60,063 non-refundable fee, were submitted to the Florida Department of Health’s Office of Compassionate Use by the July 8 filing deadlin
http://swiftbonds.com/florida-medical-marijuana-surety-bond-update/
Read More

New Contractor for Edinburg


The city of Edinburg dropped its contractor and voted to allow performance bond provider Hanover Insurance Company to appoint a new contractor to finish the project.See more at the article below.See our Blogspot page here.See our Tumblr page here.
http://swiftbonds.com/new-contractor-for-edinburg/
Read More
Distributed By Blogger Themes | Designed By Seo Blogger Templates