What Is a Surety Bond? How They Work, Where to Get One A surety bond is a way of ensuring that a business makes good on its obligations when it's hired to do a job. Amrita Jayakumar Best Construction Insurance Companies Construction companies need general and professional liability insurance...
How to Create a Construction Schedule in 12 Steps 10 Construction Scheduling Challenges 16 Strategies to Minimize Construction Scheduling Problems The Future of Construction Scheduling Drive Performance, Predictability, and Continuous Improvement with Oracle Construction Scheduling Construction Scheduling FAQs Const...
The slurry can also include bond coat material. Alternatively, the bond coat material can be applied afterward, in solid form or in the form of a second slurry. The slurry and bond coat are then dried and fused to the substrate. A repair technique using this slurry is also described, ...
The next step in fiberglass boat construction is the application of the third or fill coat. This layer thickens the fiberglass layer and seals any gap on the surface. Wait for it to set and harden before cleaning and sanding it again. This action prepares the surface for the final resin ap...
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There exist two most common techniques for constructing multifactor portfolios. The mixing approach creates single-factor portfolios and then invests proportionally in each to build a multifactor portfolio. The integrated approach combines single-factor
This feature is a part of “The Dotted Line” series, which takes an in-depth look at the complex legal landscape of the construction industry. To view the entire series, click here.Contractors know that prompt payment of their pay applications is critical to a construction project’s success...
By submitting a construction bond, a principal—that is the party managing the construction work—is stating that they can complete the job according to the contractual policy. The principal provides financial and quality assurance to the obligee that not only does he have the financial means to ...
The Miller Act requires contractors on all federal public works contracts with a value of $100,000 or more to get a performance bond guaranteeing their work.1 Jobs that require payment and performance bonds go through job or project bidding first. As soon as the job or project is awarded to...
A bid bond is a debt secured by a bidder for a construction job, or similar type of bid-based selection process, for the purpose of providing a guarantee to the project owner that the bidder will take on the job if selected.