Denton Bids Hello to Purple Wave

Purple Wave Auction, based in Manhattan, Kan., opened its first Texas location in January in the former Home Depot building, a 120,000-square-foot space on Fort Worth Drive.

Combining traditional and Internet auction practices, Purple Wave Auction is equipped to liquidate retail closeouts and individual assets such as real estate, equipment, vehicles, aircraft and personal property.

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Find homes for sale in Denton and Garland Texas with Dallas Homes & Real Estate.

Construction to Start Soon on Brick Row Complex in Richardson

Developers are kicking off construction on what will be one of the most ambitious redevelopments yet in Richardson.

The Brick Row residential and commercial project will build an entire neighborhood of apartments, shops and townhouses adjacent to an existing light-rail station.

Construction starts in less than a month on the $140 million project at Greenville Avenue and Spring Valley Road on Richardson's old east side.

About 30 acres of old apartments and more than a dozen single family homes that occupied the site have been cleared away for the development.

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$20 Billion in Projects in Great Lake Region Scheduled to Begin Construction During Second Quarter

According to the Research by Industrial Info Resources, Sugarland Texas.

In the coming weeks, as the snow melts and the ground thaws, the prime construction season will begin in the Great Lakes region. This spring, more than $20 billion worth of project activity is scheduled to begin construction during the first part of the construction season during the second quarter. This construction will be much heralded, coming on the heels of the sharp decline in residential building. The additional jobs that this season brings are much needed in the region.

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Surety Bond Companies

http://www.google.com/Top/Business/Financial_Services/Surety_Bonds/

House Bill 169 and IBCS

International Bonding & Construction Services, Inc., ("IBCS") has been instrumental in supporting the State of Maryland Legislature’s enactment of House Bill 169 (and the companion Senate Bill 390) which authorizes the use of individual sureties for all state and local municipality construction contracts. The purpose of HB 169 is to support the growing need for individual surety bonds in the State. The Bill was signed into law by Governor Ehrlich on May 2, 2006, and as outlined in the Baltimore Business Journal, Del. Dan Morhaim, D-Baltimore County , was the chief sponsor of the bill. When commenting on the importance of the Bill, Del. Morhaim said "the state looked at ways to make its contract process more competitive and we have [through the enactment of this Bill].”

Construction Surety Bond Alternatives

Construction Surety Bonds are needed to guarantee the performance of a contractor. In the construction industry, contract surety bonds are provided to a construction project owner. A licensed surety company many times shows their confidence in the performance of the contractor by committing their assets. The licensed surety company takes responsibility for contract fulfillment should the principal party go into contract default.

Alternatives to construction surety bonds are available if your company has been unable to achieve adequate surety bonding.

Construction Surety Bond Alternatives

Construction Surety Associations

• AASHTO


• American Insurance
  Association


• ACORD


• American Institute
  for CPCU and Insurance Institute of America


• The American Institute
  of Architects


• American
  Subcontractors Association


• Associated Builders
  and Contractors


• Associated General
  Contractors of America


• Associated
  Specialty Contractors, Inc.


• Construction
  Financial Management Association


• Construction
  Management Association of America


• Construction Owners
  Association of America


• Construction Users
  Roundtable


• 
  Finishing Contractors Association


• Independent Insurance
  Agents of America


• International Risk
  Management Institute, Inc.


• Mechanical
  Contractors Association of America


• National Asphalt
  Pavement Association


• National
  Association of Professional Insurance Agents


• National Association
  of Women in Construction


• National
  Electrical Contractors of America


• National
  Insulation Association


• National Roofing
  Contractors Association


• National Utility
  Contractors Association


• Painting and
  Decorating Contractors of America


• Pan American
  Surety Association


• target="_blank">Plumbing-Heating-Cooling Contractors-National
  Association


• Reinsurance
  Association of America


• Risk Management
  Association


• Sheet Metal and Air
  Conditioning Contractors' National Association


• Subcontractors
  Trade Association


• Surety
  Association of Canada


• Surety Information
  Office


• The Council of
  Insurance Agents and Brokers


• The Road
  Information Program


• The Surety and
  Fidelity Association of America

Construction Bond Broker vs. Corporate Surety Bond Producers

What is the difference between a Construction Bond Broker and an individual surety? The conventional Construction Bond Broker represents numerous corporate sureties, whereas an individual surety is a person willing to offer bonding for construction projects. An individual surety is an alternative to traditional construction bonds. A Construction Bond Broker takes your application and submits your information to a variety of Corporate Sureties and/or Construction Bond providers. In other words, a broker does not work for the surety bonding facility, but represents a number of different performance bond sources.

A company like International Bonding & Construction Services (IBCS) does not broker out its surety bonds. They take your application, but instead of shopping the different surety bonding options, IBCS reviews your information for providing your bond directly through use of Individual Sureties as provided by law. IBCS actually offers the construction bond to you through the Scarborough Bond and Guarantee Program.

What is a Surety Bond

A Surety Bond is a contract amoung three parties. In the construction industry, a surety bond, bid bond or construction bond is required before any construction may be performed. The Surety Bond assures payment to all parties for the work being conducted.

Surety Bond - Wikipedia