Related Links: Source of Forged Surety Bonds Remains Mysterious A Bold Individual Surety Claims His Coal-Backed Bonds are Rock Solid Contractors John Melching Jr. and Dallas Collins are based in Pennsylvania and Texas, respectively, and have never met, but they have something in common: They claim they have been cheated in the past year by a business transaction that involved Larry Polec, a Chicago-based surety-bond broker.Polec is easy to spot. He is a former Michigan State basketball player who stands 6 ft, 8 in. Less easy to spot, however, are his roles in and links to an informal network of
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.