Articles Tagged with ''surety bonds''

Microsoft project Skanska Balfour Beatty

Lawsuits

Skanska Balfour Beatty JV Sues Surety Over Microsoft Campus Cladding Claim

Why was there a year-long wait for a claim decision?

Richard Korman

June 25, 2026

No Comments

A subcontractor terminated from the project cites Ukraine war supply chain and labor woes.

Interview

Ten Minutes With David Cayemitte, CEO of Embrace Partners and the Minority Business Development Institute

Aileen Cho

December 30, 2025

No Comments

Executive discusses launch of MBDI University and how he is empowering small firms with education and access to capital.

Surety Manager Who Sent Out Bond Claim Payments to Himself Is Sentenced

James Keating cheated Allied World out of more than $1 million

Richard Korman

March 11, 2025

No Comments

A federal judge sentenced James Keating to 20 months in prison, plus restitution.

Berkley Surety Seeks $10 Million From San Antonio Contractor

A school district had made a claim under Davila Construction's performance bond

Richard Korman

November 12, 2024

No Comments

The surety's lawsuit against the firm involves numerous contracts and multiple project owners.

Finance

Will Real Estate Developers Soon Hold Back Even More Payments?

Richard Korman Jim Parsons

February 15, 2024

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A historic financial reckoning is at hand with office vacancies and interest rates high.

Project Financing

Infrastructure Bill Amendment Would Expand Surety Mandate to TIFIA

Tom Ichniowski

August 5, 2021

No Comments

Proposal would require surety bonds on DOT loan program, including its projects with private funding.

Finance

Who May Feel Financial Pain Inflicted by Katerra's Bankruptcy

Where did the promise of innovation go wrong?

Richard Korman

June 10, 2021

One Comment

Unpaid trade creditors, obligations to sureties and speculation about what went wrong with the fast-moving startup.

False Claims Act Liability

Mediation Fails In Federal Lawsuit Seeking Damages From Sureties for Alleged Contract Fraud

Richard Korman

July 17, 2020

No Comments

Who is responsible if an SBA certification is faked, as the U.S. attorney claims in Narula case?

Don't Hold Surety Brokers Responsible For Contractor SBA Fraud

Ben Williams

July 16, 2020

No Comments

The U.S. regularly spends $500 billion each year on federal contracts, much of it going to small businesses, and it’s easy to see with such large sums of money why fraud is common.

Surety Guarantees

Report: Bonds on Big Projects Often Fall Short of Full Contract Value

Scott Van Voorhis

July 24, 2019

No Comments

Why owners of large, complex design-build projects are taking on more risk.

Live: July 16, 2026 at 2:00 pm EDT We'll address the current state of the construction market as we reach the halfway point of 2026. ENR invites three top forecasters asking them to share their views on the market prospects for the industry at midyear, both nationally & regionally, in the midst of these unique challenges.