Small and medium-sized enterprises (SMEs) play a vital role in many sectors of the economy. These businesses are often the lifeblood of local communities, providing jobs, innovation, and services that larger companies may not be able to deliver with the same degree of customization and personal touch. However, SMEs often face challenges in competing for government contracts or other large projects that require surety bonds. This is concerning, given the number of contract opportunities presented by the BEAD program.  Surety Bond Professionals is a family owned and operated bonding agency ..read more

Surety Bond Professionals is a family owned and operated bonding agency with over 75 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 BEAD?  The Broadband Expansion and Deployment (BEAD) Program is a key component of the Infrastructure Investment and Jobs Act (IIJA), signed into law by President Joe Biden on November 15, 2021. The BEAD program aims to significantly enhance broadband infrastructure nationwide by providing federal funding for broadband infrastructure projects i ..read more

The New Jersey Builders Utilization Initiative for Labor Diversity (NJBUILD) Women and Minorities in Construction Trades grant program, founded in 2009, is a pivotal effort aimed at diversifying the workforce within the construction industry in New Jersey. This initiative seeks to address the historical underrepresentation of women and minorities in construction by providing targeted funding, training, and support to increase their participation and success.   Surety Bond Professionals is a family owned and operated bonding agency with over 75 years of experience. With access to a br ..read more

Surety Bond Professionals is a family owned and operated bonding agency with over 75 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.   In March 2023, OSHA (Occupational Safety and Health Administration) was granted the authority to issue visa certifications to protect immigrant workers who assist in criminal investigations as part of broader efforts to ensure workplace safety and uphold labor rights. These certifications are issued to support the applications of qualified individuals ..read more

Forecasting demand in the construction industry is a complicated matter, influenced by economic conditions, government policies, and the dynamics within each industry sector. The prevailing attitude—optimism or pessimism—in the residential and nonresidential sectors may differ. The relationship between construction backlog and sectoral optimism (or pessimism, as the case may be) is particularly significant. This article explores the relationship between nonresidential construction backlog and optimism within the sector, explaining how backlog is measured and tracked.   Surety Bond Pr ..read more

The National Asphalt Pavement Association (NAPA) is a trade organization that represents the interests of the asphalt pavement industry in the United States. Founded in 1955, NAPA is dedicated to supporting the sustainability, quality, and innovation of asphalt pavements. Its members include asphalt producers, contractors, suppliers, and equipment manufacturers.   NAPA provides technical, educational, and advocacy resources to promote the best practices in the industry. One of the highlights of the association’s calendar is the annual conference, which in 2025 will be held in the pic ..read more

The outlook for residential construction from mid-2024 through 2025 appears cautiously optimistic, influenced by key indicators such as housing demand and mortgage interest rates.   Surety Bond Professionals is a family owned and operated bonding agency with over 75 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.   Housing Demand   Demand for housing remains robust due to several factors. First, demographic trends continue to support housing needs, with millennials ..read more

Safety in construction has a direct impact on surety bonds in the industry because it influences a project’s risk profile. Surety bonds guarantee that a project will be completed according to the contract terms, and using unsafe practices could break said terms. By using safe practices, contractors reduce accidents, delays, and legal issues, which may lead to interruptions or increased costs to the project. This can increase the risk for surety bond providers, making it harder for firms to secure bonds. With that said, here are our top 10 tips for concrete safety in construction.   S ..read more

The U.S. Environmental Protection Agency (EPA) and the California Air Resources Board (CARB) have established stringent regulations for emissions in construction, set to take effect in 2027. These regulations aim to significantly reduce greenhouse gas emissions and other pollutants from heavy-duty vehicles used in construction and other industries. Clearly, this development will have a significant impact on the construction industry and resulting bonds.   Surety Bond Professionals is a family owned and operated bonding agency with over 75 years of experience. With access to a broad r ..read more

Every three years, forward-thinking professionals from a wide range of industries gather from around the world to attend NPE to learn about innovations in plastics that are driving business growth. NPE24, held in Orlando, Florida in May of this year, featured more than 2,100 exhibitors showcasing cutting-edge plastics technologies, many of them for use in building and construction.   Surety Bond Professionals is a family owned and operated bonding agency with over 75 years of experience. With access to a broad range of surety markets, our expert agents are ready to assist with all of ..read more