Surety Bond Professionals is a family-owned and operated bonding agency with over 75 years of experience. With access to a broad range of surety markets, our expert agents are ready to assist with all of your construction bond needs.
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Surety Bond Professionals is a family-owned and operated bonding agency with over 75 years of experience. With access to a broad range of surety markets, our expert agents are ready to assist with all of your construction bond needs.
Read more
Surety Bond Professionals is a family-owned and operated bonding agency with over 75 years of experience. With access to a broad range of surety markets, our expert agents are ready to assist with all of your construction bond needs.
Read more
Federal Funding Supercharges Grid Projects Record federal spending, landmark regulation, and a surge in demand for electricity have pushed transmission and distribution work to the top of contractors’ bid lists in 2025. The $10.5 billion Grid Resilience and Innovation Partnerships (GRIP) program began issuing grants in January, while data center-driven load is projected to more than double by 2030, according to the International Energy Agency (IEA). Altogether, federal and state governments are steering more than $40 billion toward wires, poles, and advanced controls in this budget cycle alone.
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Project overruns are so common that a 2024 McKinsey update called schedule slippage “the new normal,” with approximately 70% of large jobs finishing late worldwide. The update argued that narrowing this gap depends on data-driven interventions, especially artificial intelligence, because traditional critical path methods can’t keep pace with today’s multitrade, multisupplier complexity.
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The Inflation Reduction Act (IRA) transformed the solar Investment Tax Credit (ITC) in 2022, and the Internal Revenue Service spent the next two years writing the fine print. 2025 is the first calendar year in which most of the rules take effect. Contractors, EPCs, and module suppliers that understand the new solar tax credit framework can capture as much as 50% of project cost in federal incentives, while missteps could leave money on the table.
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The construction industry’s digital transformation is no longer theoretical. Over the past 12 months, several breakthrough tools have progressed from pilot tests to job-site staples, promising to trim schedules, improve safety, and lower the total cost of every build. Below is a snapshot of five innovations worth tracking.
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Surety Bond Professionals is a family-owned and operated bonding agency with over 75 years of experience. With access to a broad range of surety markets, our expert agents are ready to assist with all of your construction bond needs.
Read more
Surety Bond Professionals is a family-owned and operated bonding agency with over 75 years of experience. With access to a broad range of surety markets, our expert agents are ready to assist with all of your construction bond needs.
Read more
