ENR Art. Dept. Related Links: A Bold Individual Surety Claims His Coal-Backed Bonds are Rock Solid The following are completed or ongoing cases involving Edmund C. Scarborough and his company, IBCS, in federal district courts. The cases don't include lawsuits against the National Association of Surety Bond Producers (settled), the U.S. Army (ongoing) or those in state courts or actions involving state departments of insurance.13 involve or involved Scarborough or IBCS-related bonds in which Scarborough or IBCS was the plaintiff or defendant. 6 involve a payment bond going unpaid when a contractor could not pay subcontractors for a project. Three
The market is generally healthy and steadily growing, and margins are up for large specialty contractors. Further, advances in design tools and owner demand for collaboration are giving subcontractors a seat at the table early on in projects.