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NDAA Raises Bond Threshold

The 2013 National Defense Authorization Act (NDAA) includes a provision that raises the U.S. Small Business Administration guaranteed surety bond limits from $2 million to $6.5 million.

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Inadequate Insurance Coverage Can Spell Disaster

When it comes to insurance, small businesses stand to lose the most by not having adequate coverage. Cataclysmic events are rare. It's the smaller disasters, such as a power outage or burst pipes, that...

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Small Contractors: Prepare to Take Big Hit on Health Insurance Rates

Health insurance rules and rates have changed significantly under the new Patient Protection and Affordable Care Act. Small contractors and subcontractors should brace themselves for rising health...

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Stronger SBA Bonding Regulations Take Effect

The SBA Surety Bond Guarantee Program implemented new regulations effective Feb. 12 that will strengthen the program, which is geared toward small contractors.

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Small Businesses Vulnerable to Climate Change

U.S. small businesses are at risk from extreme weather and climate change and must take steps to adapt. More than half of small businesses have no disaster recovery plan, and of those that do, 90...

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Equipment Theft: Addressing a Big Problem With Simple Measures

Simple measures, such as compiling a list of all assets, registering larger pieces of equipment, and implementing basic tracking and accountability measures, may mitigate the problem of equipment theft...

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Ensure Fleet and Driver Safety for a Profitable Business

A well-managed and safe fleet of vehicles can result in a more profitable business, better customer service and increased safety, among a myriad other benefits.

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Build Successful Businesses Through Bonding

Successful bonding programs connect small and emerging contractors to job opportunities. A recent SFAA Surety Summit brought together stakeholders to discuss how bonding benefits disadvantaged,...

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Are Construction Payment Applications Interfering With Accounting Procedures?

Prompt payment is key to subcontractor survival. Are general contractors' accounting software applications interfering with fair and prompt payments to subcontractors?

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The Contractor’s Guide to [Avoiding] Epic Failure

Small to medium-sized contractors are at a high risk of failure. The issues plaguing small business can be avoided by overcoming significant internal challenges.

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Qualities of a Least-Likely-to-Fail Contractor

Hallmarks of a good contractor are proper licensing, insurance and bonding capacity; quality references and relationships with subcontractors; and good communication.

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15 Health Insurance Terms Small Contractors Need to Know

The Patient Protection and Affordable Care Act has put health care for small businesses in the spotlight. Here's a primer on common health insurance phrases and brief explanations to help make sense of...

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