Archive for January, 2013
surety bonds ensured the building was completed when the original contractors, Catco General Contractors, went bankrupt partway through the project. The performance bonds came through, giving the district a new state-of-the-art center that is as hurricane-proof as possible with on-site facilities to allow it to be a central command in the event of any local emergency. In addition to being the headquarters for the local patrol, the Acadian-styled building that more resembles a lakeside cottage than a police center will have a children’s playground, hiking trails and picnic areas on the 610 acre site.
Performance Bonds Come ThroughSheriff Normand admits that the whole project was pretty touch-and-go for a brief while when the main contractor became six months late on the project and then went out of business. The performance bonds taken out at the beginning of the project allowed the building to be completed through an almost cooperative venture with Parrish County officials. The neighborhood, called Parc Des Familles is a relatively recent development with plenty of young families who will welcome the sense of safety that the building brings to the community. In addition, the ever present threat of flood or hurricane makes the ability of the new building to withstand severe weather more important than ever. With its backup generator power and water filtration system the building will be the center for any community support during these types of events. The sheriff and local deputies are looking forward to moving from the old school house that has stood as a temporary station during the construction of this district center and into the new building. Commander Dyess and his 75 deputies will be moving into the new 3rd District Headquarters and “feel privileged to be able to work out of such a state-of-the-art facility”.
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permit and license surety bond to work as such in the state of California. For more information on this bill and others that affect the contractor’s role in California, be sure to check out this latest news item from The Claims Journal.
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bid bonds that were a required part of the bid for services. Of these two, only one could fulfill the extra requirement of having sufficient fleet to handle the airport service and the shuttle service between the airport, the town of Islip and the local train station. The airport decided to negotiate directly with JTE Enterprises. The results of those negotiations are the airport feeling satisfied that the reduced rates offered by the company will make the taxi service a good fit for the airport. The awarding of the contract for exclusive rights as the airport’s taxi service was announced that will fulfill New York State Law according to Janessa M. Trotto, Islip assistant town attorney.
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surety bond. The organization has traditionally been a source of education and support for businesses that are socially and economically challenged to gain a stronger hand in the business sector. This new campaign will be aimed at helping newly emerging construction companies who may not have the financial background to qualify for a surety bond. They will be partnering with the Surety & Fidelity Association (SFAA) to implement a program of advisement for those companies that fit the profile and need help securing bonding. You can find out including the types of programs to be initiated and when.
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surety bonds through the SBA’s highly popular program. Previously projects that applied for the ability to get surety bonds through the SBA because they don’t qualify through traditional means were capped at $2 million. But I guess $2 million doesn’t get you what it used to as it began to be obvious there was a need to move that cap for surety bond values up. The new cap will be $6.5 million and will continue to make bid, performance and payment bonds available to small businesses and contractors who cannot qualify for them through standard surety bond companies.
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