In public construction projects, a bid bond is an essential element. Submitted by contractors as part of their bid, this bond is a promise backed by a third party, usually a bank or insurance company, known as the surety. The bond ensures that the contractor, if...
Construction jobs often require extensive hard work and long hours. As a worker, you have a rightful expectation of fair compensation for your dedication and effort. But what happens when a property owner fails to pay what they owe you? In New Jersey, contractors and...
When a partner or contractor files for bankruptcy, the repercussions can echo throughout a construction project. When this occurs, it can lead to disruptions, delays and financial strain. The collaborative nature of construction projects relies heavily on the...
