Construction Industry

Denton Bids Hello to Purple Wave

2008-03-17T17:30:00.000-07:00

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

2008-03-13T04:14:00.000-07:00

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

2008-03-07T03:28:00.000-08:00

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

2007-05-28T01:53:00.000-07:00

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

House Bill 169 and IBCS

2007-05-17T08:41:00.000-07:00

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

2007-02-22T21:26:00.000-08:00

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

2007-02-22T19:34:00.000-08:00

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

2007-02-22T19:17:00.000-08:00

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

2006-12-30T13:20:00.000-08:00

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

International Bonding & Construction Services

2006-12-19T22:12:00.000-08:00

IBCS International Bonding & Construction Services, a risk management company was created to fill a market niche that was left unfilled by traditional domestic surety companies. Initially, we were set-up to facilitate bonds for 8 (A), Hud Zone and SBA Contractors for negotiated contracts with the Federal Government.

As you are aware the disaster of 9-11 created a deficiency in the Bonding Market and the void grows larger. With our team of Construction, Surety, Marketing, Banking, and Commerce Professionals, International Bonding & Construction Services has searched to fill this niche.

If you've been told NO, give us a try and just maybe one of our many services can assist your needs.

Our team of Construction, Surety, Marketing, Banking, and Commerce Professionals, have gathered to meet the unique needs of the construction and financial guarantee market.