Courtesy of St. Mary's County, Md. Architectural rendering of the future Patuxent Naval Air Station Museum. Federal investigators are reportedly trying to locate the source of fraudulent surety bonds provided to a small Maryland prime contactor for its work on a museum and visitor’s center at the Patuxent Naval Air Base in St. Mary’s County, Md. The county has taken steps to terminate the contractor, an action its attorneys say they are trying to prevent because their client has been the victim of a fraud and has lost $175,000 in premium paid for the bonds.The performance bond covered the contractor’s
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.