Surety Support Services BlogSurety Support Services BlogSurety Support Services BlogSurety Support Services Blog
⇠ BACK TO SURETYSS
Feb
20
Surety Professionals Keep an Eye on the Construction Industry
  • Posted By : Zach Bradley/
  • 0 comments /
  • Under : Agents Information, Contractor/Construction Information, Uncategorized

Infrastructure projects are highly sought by contractors nationwide. Industry forecasts are valuable tools for business planning and income projections. At Surety Support Services, we prepare our agents to meet the needs of their construction clients.  This month we take a look at two industry reports that give great insight into 2019 construction opportunities.

Summary of Dodge Analytics 2019 Construction Forecast (Oct. 25, 2018):

  • In general, the construction industry should see a modest 3% growth.
  • The source of most government spending will be at the local level due to municipal bond initiatives.  
  • Institutional building in 2018 showed a 1% gain, but 2019 should advance to a 3% gain.
  • Educational building should continue growing in 2019
  • Healthcare projects actually retreated in 2018 but it is expected they will rebound and show modest growth in 2019.
  • Transportation projects are stagnant, holding at the 2017 and 2018 levels.


Access the full report at: https://www.construction.com/news/new-construction-starts-2019-steady-with-2018-dodge-data-analytics-oct-2018

Economists’ State of the Construction Industry 2019- Summary (Feb. 11, 2019)

  • Bridge and highway construction rebounded in 2018 and will see a slight increase for 2019.  
  • States are allowed to take up to four years to obligate federal funds. As a result, 2018 federal allocations to states will keep the construction pipeline flowing in 2019.
  • Federal allocations combined with state funds raised through new fuel taxes and tollways will mean a modest 1.5% growth in bridge and highway construction.
  • Commercial building is expected to see modest growth with exact projections undefined.

Access the full report at: https://www.forconstructionpros.com/business/article/21041305/special-report-state-of-the-construction-industry-2019

Get a Bond Quote at Suretyss.com.


Feb
19
Medicare and Medicaid Bond Changes:
  • Posted By : Zach Bradley/
  • 0 comments /
  • Under : Recent Bond News

New Medical Device Bond for Limited Number of Dentists

The medical device sales regulation exempted all physicians and dentist until recently. On November 28, 2018, the Centers of Medicare and Medicaid Services (CMS) added a new bond requirement for certain medical device distributors. Now Dental Sleep Medicine professionals who distribute medical devices prescribed by other physicians must obtain a $50,000 bond. These practitioners must comply within 30 days of their CMS notification letter.  

Dentists had a physician’s exemption concerning the Durable Medical Equipment, Prosthetics, Orthotics and Supplies (DMEPOS) accreditation. Now when a dentist’s practice includes distribution of medical devices from another medical practitioner, accreditation is required.  

Obtaining a DMEPOS bond is easy:

Direct your dental clients to Surety Support Services. We provide easy access to DMEPOS bonds and at a low rate. Get a quote today at http://suretyss.com/license-permit-and-misc-bonds.php


Tags
Contractors Insurance Agents Subcontractors Unions
Recent Posts
  • Grow Your Construction Business by Establishing (or Improving) Your Bond Program
  • Specialized Sub-Contractor Surety
  • Unions Protect Members with Wage & Welfare Bonds
  • Working Together- Contractors and Surety Agents
  • Surety Professionals Keep an Eye on the Construction Industry
Recent Comments
    Archives
    • September 2019
    • April 2019
    • March 2019
    • February 2019
    • January 2019
    • June 2018
    • February 2018
    • January 2018
    Categories
    • Agents Information
    • Bonding & the SBA
    • Contractor/Construction Information
    • Recent Bond News
    • The Basics of Surety Bonds
    • Uncategorized
    • Unions and Employers
    Copyright 2017, Surety Support Services, All Rights Reserved.