Small businesses are the economic engine of the U.S. economy, and fostering their growth is essential for sustained economic vitality and social prosperity. The Federal 8(a) Business Development Program plays a vital role in empowering disadvantaged entrepreneurs. It has its roots in the Small Business Act of 1953 and, over the decades, has become crucial in providing a level playing field for small businesses owned by individuals who have historically faced challenges competing in the federal procurement marketplace.  How the 8(a) Program Works  Under the 8(a) program, the SBA enter ..read more

Historical Perspective Keeping on the right side of the many regulations governing the wages paid to people working on federally funded construction projects can be challenging. And it’s been challenging since the Davis-Bacon Act, or DBA, was passed in 1931. Nearly a century later, there are approximately 60 legislative acts that collectively are referred to […] The post Davis-Bacon Updates and Implications for Contractors appeared first on Surety Bond Professionals ..read more

Surety Bond Professionals is a family owned and operated bonding agency with over 30 years of experience. With access to a broad range of surety markets, our expert agents are ready to assist with all of your construction bond needs. Technology Drives Progress Every January, people from all over the world with interest in technology […] The post New Construction Innovation from CES appeared first on Surety Bond Professionals ..read more

Surety Bond Professionals is a family owned and operated bonding agency with over 30 years of experience. With access to a broad range of surety markets, our expert agents are ready to assist with all of your construction bond needs. What Is Big Data? Oracle defines “big data” as larger, more complex data sets that […] The post How Big Data Improves Construction appeared first on Surety Bond Professionals ..read more

Surety Bond Professionals is a family owned and operated bonding agency with over 30 years of experience. With access to a broad range of surety markets, our expert agents are ready to assist with all of your construction bond needs. What Is Fintech? Fintech (short for financial technology) is defined as technology that seeks to […] The post Fintech Trends for Construction Finance in 2023 appeared first on Surety Bond Professionals ..read more

Surety Bond Professionals is a family owned and operated bonding agency with over 30 years of experience. With access to a broad range of surety markets, our expert agents are ready to assist with all of your construction bond needs. Technology Drives Progress In every field of human endeavor, technology drives progress. It’s hard to […] The post Contech Trends in 2023 appeared first on Surety Bond Professionals ..read more

Surety Bond Professionals is a family owned and operated bonding agency with over 30 years of experience. With access to a broad range of surety markets, our expert agents are ready to assist with all of your construction bond needs. The Form Energy Battery Plant Project Construction is scheduled to begin in 2023 on Massachusetts-based […] The post Form Energy Building Battery Plant in West Virginia appeared first on Surety Bond Professionals ..read more

Surety Bond Professionals is a family owned and operated bonding agency with over 30 years of experience. With access to a broad range of surety markets, our expert agents are ready to assist with all of your construction bond needs. Challenges at the Federal Level Many have been questioning why, in 2023, they have not […] The post Challenges for IIJA in 2023 appeared first on Surety Bond Professionals ..read more

Surety Bond Professionals is a family owned and operated bonding agency with over 30 years of experience. With access to a broad range of surety markets, our expert agents are ready to assist with all of your construction bond needs. IIJA Transportation Project Grants With the infusion of the $1.2 trillion authorized for transportation and […] The post New Transportation Projects Planned for 2023 appeared first on Surety Bond Professionals ..read more

Surety Bond Professionals is a family owned and operated bonding agency with over 30 years of experience. With access to a broad range of surety markets, our expert agents are ready to assist with all of your construction bond needs. What Are Large Bridge Project Grants? The Federal Highway Administration, part of the U.S. Department […] The post IIJA Announces the First Large Bridge Grant in Illinois appeared first on Surety Bond Professionals ..read more