The Surety & Fidelity Association of America (SFAA)

Today is #PatriotDay, a time to honor the victims and heroes of the 9/11 terrorist attacks. We will #NeverForget.

Today, SFAA Chair Michael Keimig, President & CEO, Markel Surety Corporation, SFAA Vice Chair Stephen Ruschak, Executive Vice President of Surety at Arch Insurance Group Inc., and SFAA President & CEO Ryan Work convened the September SFAA Board Meeting in Washington, D.C. The meeting featured updates and discussion on many of SFAA’s strategic initiatives. Additionally, Ken Simonson, Chief Economist at the Associated General Contractors of America, delivered an overview of the current U.S. construction outlook. ? Thank you to the Board of Directors for your continued leadership and to all members for your engagement and contributions to SFAA's work. #sfaa #suretyprotects

Surety companies protect taxpayers by guaranteeing contractual obligations are met on public construction projects — and step in when they’re not. Learn more about the value of public sector bonding in EY’s economic analysis on the benefits of surety bonds. Learn more: https://lnkd.in/engBKh-A #SuretyProtects

U.S. commercial construction projects should rise slightly through the rest of 2024 as certain building materials become more affordable and contractors cut prices to replenish depleted project pipelines, via CoStar US. #Surety

From Construction Dive, a look at how bridges in states like Florida, Iowa and Vermont are getting a new lease on life thanks to federal, state and local funding. #Surety

Wishing everyone a relaxing Labor Day full of friends and family! #LaborDay2024

In July, the EY Quantitative Economics and Statistics (QUEST)group released its mid-2024 EY global economic outlook, summarizing the latest key economic and employment trends in a short, easy-to-read format.

From The Construction Broadsheet, a legal Q&A with Erik Ortmann, partner and co-chair of the construction practice group at Kaufman Dolowich LLP on typical subcontractor issues with federal contracts.

Surety bonds are a vital risk management tool that protect much of our public infrastructure: our roads, our schools, our water systems, you name it. Public construction projects deploy taxpayer dollars to advance the public good – so it’s a public responsibility to ensure projects are cost-savvy, efficient, and high quality. Surety bonds deliver all that and more. Find out why surety bonding is synonymous with responsible project management and good stewardship of the public interest: surety.org/suretyprotects #SuretyProtects

ICYMI: Read this interview with SFAA VP, Policy and General Counsel Julie Alleyne in Engineering News-Record on the impact of progressive design-build, and how it's facilitating more flexible approaches to surety bonding. #Surety