JW Surety Bonds

Transformers 4 Featured Cars to be Sold in America Next Year

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Soon Americans will be able to drive some of the cars featured in the movie Transformers: Age of Extinction.

The Chinese manufacturer Guangzhou Automobile Group Co Ltd. (GAC) is planning on penetrating the US market as soon as next year. The first model to be introduced in the country will be the Trumpchi GS5 SUV. It will be offered with either a 2.0-liter, naturally aspirated four-cylinder with 145 horsepower and 138 pound-feet or a 1.8-liter turbocharged four with 174 horsepower and 175 lb-ft. The Trumpchi GS5 SUV comes with either automatic or manual gearbox.

Read the full article at Autoblog.com.

Volvo Improves Product Quality with a $69 Million Investment

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Volvo Trucks North America strives to improve product quality and employees working environment with a $69 million investment at the New River Valley plant in Dublin, VA.

The money will go for buying better equipment, process and plant redesign. The main purpose behind this is to improve vehicle quality and manufacturing efficiency. Material delivery, on the other hand, is planned to be improved by purchasing new racking and storage systems, lifting devices and docks.

Volvo also plans on investing in energy-efficient upgrades to the paint facility, which is expected to boost North American paint capacity.

Read the full article at Overdriveonline.com.

July 2014 Contractor Bids for 3 Hot Public Projects


July is the month with the highest concentration of construction bid opportunities
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Are you in the construction industry and currently looking for a project that will be worth your while? If so, you probably already know that bidding on the right project is what constitutes the difference between success and mediocrity.

But with July just around the corner, contractors will have a significantly bigger pool of opportunities to choose from. Most commercial and public projects go out to bids starting in July all the way through September, when the fiscal year ends.

However, hunting for construction bid opportunities can be a hassle. This is why we have put together a list of lucrative offers from around the country, bid submission for which starts in July. We hope that going through them might help you find that one project that fits your company perfectly.

University of Buffalo School of Medicine and Biomedical Sciences

Value: $251,300,000

Location: New York (Erie)

Bid Ends: 23 Jul 2014

Project Description: Come next month, the two-phased bidding for the construction of the University of Buffalo’s School of Medicine and Biomedical Sciences begins. The eight-story, 540,000-square-foot building will be funded by private philanthropy and state support. The first stage of the construction project will require site preparation, excavation, foundations and a steel superstructure for the building as well as its 60,000 Gross Square Feet (GSF) basement.

The second stage of the project, for which construction companies can bid, will be in the scope of the facade, the roof, and the completion of the interior, including all plumbing, mechanical, and electrical systems.

The entire project is valued at $375 million.

Presolicitation Design/Build of Large Hangar Joint Base Lewis-McChord Gray Army Airfield

Value: $25,000,000 to $100,000,000

Location: Washington, King County

Bid Ends: 07 July 2014

Project Description: This is a public project with the facility being owned by the US Department of the Army (Seattle). The construction contractor company that is awarded the bid will be expected to design/build the Hangar with maintenance space for 6 Blackhawk UH-60 helicopters, administrative space, general storage, hazardous materials storage, petroleum oils and lubricant storage, parts and tools storage, organizational equipment storage, building information systems, fire protection system, EMCS connection and organizational parking, while also taking account of energy and sustainability in their design. The project also includes supporting facilities such as site development, lighting, paving of parking lots, utilities and connections, storm drainage, information systems, curbs and pavements and landscaping.

The construction company must follow the Department of Defense Minimum Antiterrorism for Buildings standard requirements.

Both small and large businesses can submit bids.

Assault Battalion Maintenance Hangar

Value: $30,000,000 to $100,000,000

Location: Colorado, Fort Carson

Bid Ends: 31 July 2014

Project Description: The invitation to bid for the construction of the 4th ID CAB of the Assault Battalion Maintenance Hangar starts on the first of July and both small and large business can participate.

In addition to building a standard Assault Battalion Maintenance Hangar, the project includes the demolition of existing buildings and building information systems, intrusion detection systems installation, fire detection and alarm systems, connection to the central installation system, energy monitoring and control systems. The supporting facilities include all exteriors accompanying the Assault Hangar, such as pavements, storm drainage, parking, curbs and gutters, industrial waste, exterior information systems, etc. The fire suppression system will be provided.

Contractors will be required to use special foundations due to Colorado’s corrosive soil. Also, the awarded construction company will need to start work 10 days after being notified and is expected to finish the building in its entirety in 540 days.

General Requirements

If awarded the project, request a performance bond from your bond agent.
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On top of having a business plan, a Certified Public Accountant (CPA), and detailed financial data, all construction companies who are looking to take advantage of these bid opportunities will be required to obtain certain documents, including performance bonds and bid bonds. Most often, you need to get bonded in order to be able to place a bid on a public project, so having your documents prior to submitting your business plan is advisory.

To find out more on how to obtain the contract bonds you need in order to start bidding, visit our Instant Online Surety Bonds Page or contact us online for further questions.


Mortgage Interest Rates go Down from April to May

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According to the index of new mortgage contracts and the Federal Housing Finance Agency (FHFA), there has been a decrease in mortgage rates for the period from April to May.

The National Average Contract Mortgage Rate for the Purchase of Previously Occupied Homes by Combined Lenders index was calculated to be 4.18% for all loans closed in May. There has also been a 0.10% drop in the contract rate on the composite of all mortgage loans in April.

FHFA’s interest rate survey also shows a decrease of 16 basis points in the average interest rate on conventional, 30-year, fixed-rate mortgages in May, compared to April.

Read the full article at Nationalmortgageprofessional.com.

Can Our Homes Run on Solar Power?

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Can our homes be power-generated entirely by sun power? This is what two companies are in the midst of finding out, with their first experiment already running.

The solar manufacturer, SunPower Corp and building company, KB Home have already created a model home based in California, with an elaborate solar installation. The battery stores power from the sun rays which can be used at night.

If the system turns out to work efficiently, SunPower Corp and KB Home are planning to release it on the market to appeal to the eco-conscious homebuyer.

There are currently three projects like this running in the country.

Read the full article at Leader-enquirer.com.

Customers are Given Unrealistic Auto Repair Times

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Dealership mechanics warn customers that service advisers are unrealistic in their estimate of repair work.

According to Carlisle & Co.’s Annual Automotive Technician Survey, one-third of clients are being told that their car repair will take less time than it actually will. Technicians say that service advisers are only accurate in their estimates about 83% of the time.

Service advisers are usually the first contact point a customer has with a car dealership, which is why it is instrumental that they strive to give accurate numbers to clients.

The consulting firm believes this is an issue, since expected repair-completion time is a big factor for consumers when deciding which car-service provider to choose. Unrealistic repair time also affects the wages of mechanics who get paid by the hour.

Read the full article at Wardsauto.com.