Why preconstruction?
General contractors such as Mortenson, Messer and PCL say project collaboration is happening much earlier and with greater transparency than before the pandemic.
Caution: Red flags are flying
Seemingly against the odds, the surety industry continues to experience fairly low losses in 2023. And while the overall frequency of construction bonding losses is low, their severity is up, significantly. What’s responsible for the spike? An analysis of industry loss data reveals trends that should serve as important cautionary reminders to contractors.
