White House report spotlights states with greatest need of infrastructure repair | Attorneys: Consider potential legal, implementation risks of requiring employee vaccinations | Ontario measures to fight rising COVID-19 cases include nonessential construction shutdown
April 21, 2021
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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.
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...
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.
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.
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%.
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.
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!
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.
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.
It is so easy to exist instead of live. Unless you know there is a clock ticking.
Anna Quindlen, writer, journalist, columnist
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.