Carolyne Buchanan

Author: Carolyne Buchanan 3-17-2020 Many regulations exist in the construction industry, most designed to protect contractors, businesses, and the vendors and suppliers used to complete projects. One long-standing regulation is the Miller Act – federal law enacted in 1935 that still holds weight today. Under the Miller Act, certain federal construction projects require specific bonds …

The Miller Act: Understanding Requirements and Recoverable Costs Read More »

Author: Carolyne Buchanan 4-22-2020 Freight brokers comprise a notable subset of surety bond business, as licensed brokerages are required to post some form of security in order to comply with licensing requirements. Brokers can opt for a freight broker trust or a freight broker bond to fulfill these federal requirements. However, the freight broker bond, …

BMC-84 Freight Broker Bonds: Invalid Claims Obscure Results Read More »