The Surety

The Surety

  The Surety Construction’s “Sports Book”   Sureties operate the “sports book” for the construction industry. They handicap risk by setting rates and issuing bonds. They “book” the contractor’s bet that he will complete a project as contracted. They “set…

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Risk Minimization

Risk Minimization

Risk Minimization (Part 2)   In last week’s blog, Construction’s No-Win, research data led us to the conclusion that risk cannot be effectively transferred in contract negotiations and that only highly competent contractors can manage risk for all stakeholders. “Risk…

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