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The Institutes RiskStream Collaborative® Builds Off the Success of its Surety Bonds Power of Attorney Verification Lab to Launch Second Surety Bond Lab

Malvern, PA (PRWEB) August 12, 2021 The Institutes RiskStream Collaborative®, the risk management and insurance industry’s largest enterprise-level ....

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Maintaining Surety Credit in Times of Growth and Transition

Maintaining Surety Credit in Times of Growth and Transition
By Erik Mueller | March 4, 2021
This post is part of a series sponsored by Old Republic Surety.
Growth, expansion and acquisitions are all good, right? Not necessarily. Here’s what you need to know to keep your construction company in good standing with your surety company.
Most construction companies in the U.S. are owned by an individual or the members of a family. Yet, according to the Family Business Alliance, only 30% of family-owned businesses survive into the second generation, and just 12% remain viable into the third generation.
That means when owners are ready to retire, they likely will sell to someone outside the family. And with greater frequency, we’re seeing owners sell to private equity firms. From a surety’s perspective, that may not be a healthy sign. Most of the time, an acquirer’s aggressive growth philosophy is at odds with the steady, in ....

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13 Construction Industry Trade, Professional Organizations Issue Public Comment on FAR Proposed Rule

Associated General Contractors of America,
Arlington, Virginia, has issued a public comment on behalf of the 13 construction industry trade and professional organizations on the
Office of Federal Procurement Policy Federal Acquisition Regulation entitled Federal Acquisition Regulation: Reverse Auction Guidance . The comment was written on
Feb. 5, 2021, and posted on
Feb. 9, 2021:

On behalf of the undersigned 13 construction industry trade and professional organizations, I would like to thank the
Federal Acquisition Regulation (FAR) Council for the opportunity to comment on this proposed rule to amend the FAR to provide guidance on the use of reverse auctions. For background, the undersigned 13 construction industry trade and professional organizations represent tens of thousands of firms and individuals engaged in architecture, engineering, construction program and project management, surveying and mapping, prime contracting, subcontracting, ....

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SFAA Joins The Institutes RiskStream Collaborative Working Group

SFAA Joins The Institutes RiskStream Collaborative Working Group
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The working group, focused on streamlining the power of attorney registration and verification process within the surety industry, is scheduled to launch its first meeting this month.
The Surety & Fidelity Association Joins The Institutes RiskStream Collaborative Surety Working Group
We are looking forward to participating in the RiskStream Collaborative Working Group, the goal of which is leveraging blockchain technology to improve the process of registering, maintaining and verifying powers of attorneys.
WASHINGTON (PRWEB)
February 04, 2021
The Surety & Fidelity Association of America (SFAA) has joined a newly-formed blockchain working group created by The Institutes RiskStream Collaborative™, the risk management and insurance industry’s largest enterprise-level blockchain consortium. The working group, f ....

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