This year will see a number of new surety regulations taking effect across the country. These will require contractors to obtain construction bonds or contractor license bonds in different amounts and adjust to new compliance standards implemented by sureties. Moreover, questions about the state of the economy and what contractors can expect in terms of government spending are also on the table and require attention.
Reprinted courtesy of Vic Lance, Construction Executive, a publication of Associated Builders and Contractors. All rights reserved.