Oak Ridge Surety

Architects and contractors underestimate cyberattack risk https://www.bdcnetwork.com/architects-and-contractors-underestimate-cyberattack-risk

Architects and contractors underestimate cyberattack risk Design and construction industry firms underestimate their vulnerability to cyberattacks, according to a new report, Data Resilience in Design and Construction: How Digital Discipline Builds Stronger Firms by Dodge Construction Network and content security and management company Egnyte.

West Chester to Be Home to New Bookstore Bakery

Happy Holidays from Oak Ridge Surety!

Happy Thanksgiving! 🍁🦃🍽

Inflation could put severe limits on the benefits of infrastructure funding increase, PennDOT officials say Bids for recent PennDOT projects have come in 10% to 20% above estimates, which would weaken the benefits of the Biden administration’s infrastructure spending increase.

https://www.constructiondive.com/news/gilbane-ceo-impacts-of-material-price-squeeze-will-continue-for-years/603292/

Gilbane CEO: Impacts of material price squeeze will continue for years In its 150th year, Gilbane Building Company is shifting some of its corporate leaders to Boston in order to tap into the area's talent pool and thriving market.

https://www.constructiondive.com/news/median-age-of-construction-workers-is-contributing-factor-to-workforce-shor/603018/

Median age of construction workers is contributing factor to workforce shortages An aging workforce heightens the need to bring in new workers to the industry, according to a trade association official.

Nonresidential Construction Outlays Drop In April To Two-Year Low
https://lnkd.in/dj6zuf2

Nonresidential Construction Outlays Drop In April To Two-Year Low ARLINGTON, VA (June 1, 2021) — Nonresidential construction spending in April declined for the fifth-straight month to a two-year low as demand waned for numerous public and private project categories in the face of lengthening production and delivery times for materials, along with fast-rising pri...

Nonresidential Construction Lags as Pandemic Lingers WASHINGTON (May 3, 2021) — The United States Department of Commerce revealed that construction spending gained just 0.2% in March, despite predictions from the industry expecting a 1.9% increase. Spending is still up 5.3% over March 2020. Private construction rose 0.7% in March as demand for housi...

Soaring Material Prices Supply Chain delays spook Owners & Developers- Author-Joe Bousquin

https://www.constructiondive.com/news/soaring-material-prices-supply-chain-delays-spook-owners-and-developers/597935/

Soaring material prices, supply chain delays spook owners and developers The rising cost of many materials and increased sourcing headaches have project owners rethinking their return to normalcy and threaten to derail construction's expected resurgence.

Traditional Performance Bonds Provide Protection Superior to On-Demand Bonds.....


https://www.suretybondquarterly-digital.com/sbpq/0121_spring_2021/MobilePagedArticle.action?articleId=1669133 &article_id=1669133

1915412_Crowe_8 You know as an underwriter that their loss is YOUR loss. Crowe Portfolio Analyzer™ for sureties and agents focuses on shrinking your underwriting loss

How the PRO Act could change the way contractors do business.
https://www.constructiondive.com/news/how-the-pro-act-could-change-the-way-contractors-do-business/596943/?utm_source=Sailthru&utm_medium=email&utm_campaign=Issue:%202021-03-22%20Construction%20Dive%20Newsletter%20%5Bissue:33144%5D&utm_term=Construction%20Dive

Construction Loses 61K Jobs in February as Unemployment Rate Hits 9.6%!

https://www.enr.com/articles/51331-construction-loses-61k-jobs-in-february-as-unemployment-rate-hits-96

Construction Loses 61K Jobs in February as Unemployment Rate Hits 9.6% Construction's employment picture worsened in February, as the industry lost 61,000 jobs, its first monthly decline since last April, and its jobless rate rose, the Bureau of Labor Statistics has reported.The latest monthly BLS employment report, released on March 5, showed that construction’s Feb...

https://www.constructiondive.com/news/skyrocketing-steel-lumber-costs-threaten-to-slow-construction-jobs/594969/?:%202021-02-17%20Construction%20Dive%20Newsletter%20%5Bissue:32499%5D

Skyrocketing steel, lumber costs threaten to slow construction jobs As material prices jump, U.S. contractors are coping any way they can. Here are some best practices for working around price fluctuations and shortages.

https://cnb.cx/3s6UkG0

Lumber prices top $1,000 for the first time as single-family housing starts drop 12% Consumers want more newly built, affordable homes, but builders are finding that hard to deliver, especially as prices for framing lumber spike ever higher.

House-Passed Apprenticeship Bill Draws Mixed Construction Reactions

House-Passed Apprenticeship Bill Draws Mixed Construction Reactions The House of Representatives has approved legislation that seeks to expand apprenticeship programs to train workers in a range of industries, including construction, and authorizes $3 billion over five years to achieve that goal.The legislation, which the House passed Feb. 5 by a 243-173 vote, drew....

We wanted to share this inspiring motivational speaker on leadership, to the ones who matter to us the most, our clients!

#142: Jesse Itzler—Breaking the Routine to Get Better | EntreLeadership Serial entrepreneur and Atlanta Hawks owner Jesse Itzler shares his story of getting out of a rut and why every business owner needs to do the same.

Did you know that in 150 AD: The Roman Empire developed its first laws about surety?

The Importance of in !
Like most businesses, construction involves taking lots of risks. In particular, the industry faces challenges such as material shortages, economic uncertainties, issues, tools & equipment breakdowns, and many more.

So, how can you, get assurance that the contractors will complete the job regardless of the stumbling blocks along the way?

We can assist you with getting the surety bonds you need!

Contact us!
P: 610-701-8699
E: [email protected]

Want to Stay up to Date on Everything Related to Surety Bonds/Commercial Insurance?
Follow our Page!
https://www.linkedin.com/company/oak-ridge-surety

Oak Ridge Surety Agency | LinkedIn Oak Ridge Surety Agency | 90 followers on LinkedIn. Providing the most competitive surety bond programs and insurance programs available. | Welcome to Oak Ridge Surety Agency! We provide contractors with surety bonds, and help our clients obtain work and succeed by providing the most competitive sur...

Did you Know that the very first insurance contract was signed in 1347?

Although the concept of insurance can be traced back to ancient civilizations, the first known insurance contract was signed in 1347 in Genoa, Italy.

Separate insurance contracts, or insurance policies not bundled with loans or other kinds of contracts, were invented in Genoa in the 14th century, along with insurance pools backed by pledges of landed estates.

A Castle In France, Did you Know?

In 1997, a group of enthusiasts began to build a castle in France, using only materials, tools and techniques that were available in the 13th century (800 years ago) and the project has been scheduled to finish sometime in 2020.

https://www.constructiondive.com/news/biden-taps-former-construction-union-leader-marty-walsh-to-lead-labor-depar/593050/?:%202021-01-08%20Construction%20Dive%20Newsletter%20%5Bissue:31786%5D

Biden taps former construction union leader Marty Walsh to lead Labor Department The announcement brought cheers from the AFL-CIO and building trades groups, which lauded the Boston mayor's decades of experience in construction. 

Chrysler’s Building Spire!
Did you know?
In the 1920’s in New York, skyscrapers were being built left, right and center. It created a lot of competition within the construction industry and one of the most interesting rivalries was between two men named William Van Allen (Chrysler building) and H. Craig Severance (40 wall street building). Because William Van Allen was so obsessed with winning this competition between his rivalry, he added a 180ft spire to the top of his building to ensure that his building would be taller. Not only did he win the competition, but it gave him bragging rights for the tallest building in the world – or for 11 months… until the Empire State building snatched the crown.

CCI: Contractors’ Revenue and Profit Expectations Improve Slightly | USGlass Magazine & USGNN Headline News Contractors’ revenue outlooks and profit margin expectations for the next year have increased slightly in the fourth quarter of 2020. That’s according to the Q4 2020 Commercial Construction Index (CCI), released quarterly by the U.S. Chamber of Commerce and Dodge Data & Analytics, which includes...

Wishing you a Happy Holiday and a joyful New Year. Best wishes from your friends at Oak Ridge Surety!

Happy Holidays from the Oak Ridge Family to yours!