April 21, 2021
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Leading News
The White House has identified the states where infrastructure is in the worst condition, based on grades from a report card issued by the American Society of Civil Engineers. Among the seven with the lowest grades, Delaware and West Virginia each received a D, while D+ grades went to Hawaii, Louisiana, Michigan, Mississippi and New Jersey.
Full Story: Construction Dive (4/15) 
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How to Prequalify a Surety — and Why It's So Important
The number of surety companies represented in any region can make the task of prequalifying or differentiating among them challenging to say the least. Many bond agents and brokers have access to more than 30 surety company markets, and there can be important distinctions between each of them that should be understood before a selection occurs. Read more...
Industry News
Attorneys: Consider potential legal, implementation risks of requiring employee vaccinations
(Michael M. Santiago/Getty Images)
Employers that want to require employees to get the coronavirus vaccine should consider potential legal risks and other ramifications, attorneys say. Issues to consider include how to obtain proof of vaccination without violating medical privacy rules and how to address accommodations for workers seeking medical or religious exemptions.
Full Story: For Construction Pros (4/15) 
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Ontario has ordered a pause on nonessential construction projects as part of its emergency measures to fight an increase in COVID-19 cases. The shutdown does not affect a number of projects, including those related to health care, long-term care, residential property, schools and infrastructure.
Full Story: On-Site (Canada) (4/16) 
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Construction starts rose 2% in March, reaching a seasonally adjusted annual rate of $825.3 billion, data shows. Nonresidential building saw a 13% increase in starts, while nonbuilding construction fell 7%.
Full Story: For Construction Pros/Dodge Data & Analytics (4/16) 
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Risk & Compliance
Construction company owners should start their succession planning at least five years before retiring, a consultant says. Planning ahead of time can help ensure potential successors -- typically family members, employees or both -- have the right experience and training to take over, the consultant says.
Full Story: Daily Commercial News (Ontario) (4/15) 
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Association News
NASBP Blog: NASBP provides members new resource on joint ventures in construction
NASBP Blog: NASBP provides members new resource on joint ventures in construction
Zisa, left, and Morehouse (NASBP)
Michael C. Zisa and Joshua A. Morehouse of NASBP Attorney Advisory Council firm Peckar & Abramson recently wrote a three-part series on joint ventures in construction for the NASBP magazine, Surety Bond Quarterly. NASBP has compiled the three articles into an indispensable single resource. This NASBP Blog post discusses the three articles in the series and also offers information on the NASBP Online Joint Ventures in Construction Course, which was created by Zisa, costs $75 and offers continuing education credits upon completion. Read more.
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April 28 NASBP Virtual Annual Meeting Event features Elite-Sponsored networking events
April 28 NASBP Virtual Annual Meeting Event features Elite-Sponsored networking events
There is only one week until the Wednesday, April 28, NASBP Virtual Annual Meeting Event. Join your colleagues for awards presentations, two informative sessions and the announcement of the 2021-2022 NASBP Leadership. New and unique to the 2021 NASBP Virtual Annual Meeting are Virtual Networking Events hosted by Elite Sponsors. At 4 p.m. Eastern on Tuesday, April 27, there will be two simultaneous networking events. One, hosted by Main Street America, will feature Liquor Labs providing a mixology demonstration and 12-time Jeopardy! winner Austin Rogers, and the other, hosted by Travelers Bond & Specialty, will include a conversation with Joan Kois Woodward, host of the "Wednesdays with Woodward" webinar series and President of The Travelers Institute. At 4 p.m. Eastern on Wednesday, April 28, following the Virtual Annual Meeting, there will be two more simultaneous virtual networking events. Merchants Bonding will host Talk Surety To Me Trivia with prizes, and Old Republic Surety will host a Q&A and concert with performers from the hit musical "Hamilton," including Nikki Renee Daniels and Nik Walker. Register for the 2021 NASBP Virtual Annual Meeting Event today!
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RSVP for April 22 virtual kickoff of new Construction Procurement Caucus
RSVP for April 22 virtual kickoff of new Construction Procurement Caucus
Help NASBP and others support commonsense design and construction procurement reforms. RSVP to attend a virtual kickoff of the new Construction Procurement Caucus at noon Eastern on Thursday, April 22. NASBP and other members of the Construction Industry Procurement Coalition are delighted to announce the official unveiling of the new Construction Procurement Caucus (CPC), co-chaired by US Reps. Scott Peters (D-Calif.) and Pete Stauber (R-Minn.). A caucus is an informal organization of members of the House and/or the Senate, or both, that is created to discuss issues of mutual concern and possibly to perform legislative research and policy planning for its members. The CPC is dedicated to promote commonsense design and construction procurement reforms that benefit the government, taxpayers and those businesses interested in pursuing federal contracting opportunities. Learn more about the CPC by RSVPing to attend the April 22 virtual kickoff event.
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Trends & Technology
Direct written premiums for surety in Canada declined 5.7% in 2020, according to the president of a surety industry group. However, "it's hopeful that stimulus infrastructure spending will allow for a stronger 2021 for the construction industry and by extension the Canadian surety market," a surety executive said.
Full Story: Daily Commercial News (Ontario) (4/15) 
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Opinion Poll
Is False Claims Act enforcement likely to increase amid the coronavirus pandemic and beyond?
Yes, significantly
Yes, moderately
Not sure
Are your construction contractor clients aware of potential legal risks if they require workers to get the coronavirus vaccine?
VoteYes, most are
VoteYes, some are
VoteNo, few or none are
VoteNot sure
It is so easy to exist instead of live. Unless you know there is a clock ticking.
Anna Quindlen,
writer, journalist, columnist
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About NASBP®
Founded in 1942, NASBP is the association of and resource for surety bond producers and allied professionals. NASBP producers specialize in providing surety bonds for construction contracts and other purposes to companies and individuals needing the assurance offered by surety bonds.

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Phone: 240-200-1270
Fax: 240-200-1295

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