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Examining the Variables Affecting Bids in 2020

Construction Business Owner

Examining the Variables Affecting Bids in 2020. The construction industry has been hit hard by the COVID-19 pandemic. The United States Small Business Administration has reported that approximately $65 billion of Payroll Protection Program loans went to construction industry participants. Elizabeth Manning.

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Another demolition director banned after bid rigging probe

Construction Enquirer

In March 2023, 10 construction firms were fined nearly £60m after the CMA found following a full investigation they had broken competition law by engaging in a form of collusive tendering known as ‘cover bidding’. Some firms produced false invoices to hide this part of the illegal behaviour.

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What Certifications Does A Crane Need To Operate On Construction Sites?

Construction Marketing

Crane certifications are crucial for construction site operations due to their critical role and potential risks. Certifications protect construction companies and employers when they hire certified crane operators. Certifications protect construction companies and employers when they hire certified crane operators.

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Job Order Contracting versus Design Bid Build

Job Order Contracting

Job Order Contracting versus Design Bid Build can help to measurably improve construction productivity, quality, delivery times, and overall satisfaction for all participants. Job order contracting saves significant time and improves quality, consistency, and overall satisfaction vs. traditional design-bid-build. Higher costs.

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What Contractors Need to Know About Surety Bonds

Construction Marketing

Surety bonds are financial guarantees that are issued to ensure the individual or company who obtains the bond will perform work in a legally compliant manner and will avoid fraud and misconduct. A surety bond is a contract between the following three parties: • Principal – The construction company or individual seeking the bond.

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Pre-Bid Documents and Estimates Can’t Be Hidden Behind the Curtain in Disputed Delay Claims

Best Practices Construction Law

The dispute is currently in the discovery phase and the City filed a motion to compel the contractor’s internal pre-bid documents and bid estimates, as well as the subcontractor’s base documents. ” My littlest chuckled.

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Taking Steps Toward Model as the Legal Document (MALD) Through Data Standards

ENR Construction

What is the impact on bidding, construction, and inspection? Many states are already moving to approve models as the official engineering document of record.