CBI Blog

Partners In Performance

Constructors Bonding Partner Spotlight

Jul 182019

Next on the list of uniquely qualified Partners at Constructors Bonding is Patrick R. Hedges. Pat has many talents, especially when it comes to supporting and engaging new and existing clients, but one that stands out is his ability to seek platforms to spread the word about Constructors Bonding and assisting the firm in finding charitable organizations that can benefit from their strong community interests. 

Meet Patrick R. Hedges

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Patrick R. Hedges, Managing Director of Corporate Promotion 

Pat Hedges promotes the CBI brand throughout the United States. Pat is responsible for ensuring the Constructors Bonding name is immediately recognized nationally with a particular focus on Arizona, California, Nevada and Texas. Using traditional media (radio, billboard, & print media) social media and various electronic platforms, Pat drives the CBI name across the country. He is responsible for our corporate giving program and engages the firm in worthy causes throughout the country. In doing so, our reputation as the leading provider of surety management is cemented with clients and sureties; affording better abilities to exceed the expectations of our clients and surety companies.

Pat graduated from the University of Washington with a degree in Finance. In 2002, he joined Travelers where he handled contractors in Washington and Alaska. In 2005, Pat transferred to Phoenix, AZ and served as an Account Executive Officer managing one of Travelers’ largest contract surety portfolios which included clients of all trades in Arizona, Southern Nevada and Southern California. Pat joined CBI in 2012 and manages surety relationships for a wide range of contractors. As a member of the Scottsdale 20/30 Club, Pat is active in the local community working to raise money for Arizona children’s charities.

To reach out to Pat for advertising, media, or community action opportunities or if you are a prospective client seeking the finest surety representation available, contact Pat at Pat@cbialliance.com.

 

Constructors Bonding, Inc.
www.cbialliance.com
480-878-4226
You Deserve Excellence. We Require It.

Constructors Bonding Partner Spotlight

Jul 182019

Hitting the third Partner Spotlight strong with the Director of Operations, David J. McKee. David is truly the firms 'big picture guy', and always has new and exciting ways to grow and expand the CBI brand. 

Meet David J. McKee. 

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David J. McKee, Director of Operations

As Director of Operations for Constructors Bonding, Dave is in-charge of the daily operations of the firm as well its long-range planning. Dave leads the company in seeking out new territories for expansion and the acquisition of new partner producers in Phoenix and elsewhere.
Dave graduated from Allegheny College with a degree in international economics. He is a magna cum laude graduate of Liberty Baptist Theological Seminary and holds a Doctorate of Theology from faith Christian University. He began his career in surety in 1981 with the USF&G. Dave later served as AVP and Branch Manager of Arizona’s then largest surety; Merchants Bonding Company. Dave is past Region II Vice-President and board member of the National Association of Surety Bond Producers (NASBP). Dave and his wife Nicki have four children.

If you are interested in joining the Constructors Bonding team or need the finest surety program available anywhere, reach out to Dave at dave@cbialliance.com.

 

Constructors Bonding, Inc.
www.cbialliance.com
480-878-4226
You Deserve Excellence. We Require It.

Constructors Bonding Partner Spotlight

Jul 182019

Continuing with Constructors Bonding's Partner Spotlight, they would now like you to meet, Chrystal Hedges. She is their Managing Director of Business Expansion. Chrystal has a unique situation with her broad array of surety knowledge and assists clients in all industries. 

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Chrystal Hedges, Managing Director of Business Expansion

As Managing Director of Business Expansion, Chrystal is charged with soliciting new clients for CBI. Chrystal interfaces with industry groups and contractor associations to provide solutions to the challenges potential clients face with their surety program. Chrystal works closely with the opportunities to identify the best account manager within the firm to deliver the finest surety representation available.

Chrystal graduated from the University of Oregon. In 2005, she began her career as an underwriter with Travelers Bond in Phoenix, AZ handling large commercial accounts in Arizona, Nevada and New Mexico. Chrystal served as an Account Executive and managed some of the largest commercial surety accounts in the Southwest which included clients in many industries including Fortune 500 companies. Chrystal joined HCC Surety in 2012 as a Senior National Commercial Surety Underwriter and managed business development for the West Coast. She handled small transactional business for all types of clients nationally. Chrystal has a broad range of expertise in various industries and credit profiles. She served on the board of the Surety Association of Arizona. In April 2016 Chrystal joined the CBI Alliance. With her wide knowledge base of both small and large commercial surety obligations and diverse market experience, Chrystal contributes greatly to our well-rounded product offerings.

Reach Chrystal at Chrystal@cbialliance.com for opportunities to present surety related topics of interest to your group, memberships, convention attendance, or for excellent surety representation.

Constructors Bonding, Inc.
www.cbialliance.com
480-878-4226
You Deserve Excellence. We Require It.

Constructors Bonding Partner Spotlight

Jul 182019

Over the next few weeks, Constructors Bonding will be providing "Partner Spotlights" to provide further insight into the depth of knowledge and expertise of those individuals either currently assisting you with your bond programs, or in the future. Joe excels at cultivating long term relationship which makes him a perfect, Managing Director of Surety Placement. 

To kick it off, please meet Joe Clarken. 

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Joseph A Clarken III, Managing Director of Surety Placement 

As Managing Director of Surety Placement, Joe Clarken leads CBI’s efforts in understanding the underwriting specialty of each of our surety companies as well as the search for new sureties to add to the CBI portfolio. Each bond company has its particular strengths and Joe leads the CBI team in recognizing the best markets in the CBI surety pool to assist partners with hard to place bond programs. Under Joe’s leadership CBI has grown to the #1 AZ based producer of surety business with 10 bond companies

Joe graduated from Lehigh University in Bethlehem, Pa. in 1987 with a BS in Finance and received his MBA in Finance from Seton Hall University in 1995. He began his surety career in 1987 with Continental Insurance serving various home office and branch office roles over the span of 7 years. He later spent 5 years with Amwest Surety where he ran and rapidly grew the Phoenix branch to over $5,000,000 in premium. Joe's association with CBI in 2015 rounds out the services CBI offers, expanding the focus further into both contract and commercial surety.

If you are a surety company looking for excellent representation or are a prospective client in need of the finest surety program available anywhere, reach out to Joe at joe@cbialliance.com.

 

Constructors Bonding, Inc.
www.cbialliance.com
480-878-4226
You Deserve Excellence. We Require It.

 

CBI Recognized as Elite in Industry!

Jul 102019

Constructors Bonding, Inc. is proud to be among the Drivers of Merchants Bonding Company's Elite. As an elite surety partner in the Merchants leaderboard program CBI is featured twice this year in top industry e-newsletters. Today, an advertisement for the firm was run in the AGC SmartBrief. Check it out!!! 

In the surety industry, these relationships and recognition's are important not only to the agency, but also to the clients and partnerships of the agency. Having strong relationships with the bond companies Constructors Bonding works with, enables them to provide the best possible terms and conditions to their clients and potential clients. 

 

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Call Constructors Bonding Today For a Free Review of Your Bond Program! 

480-878-4226

www.cbialliance.com

YOU DESERVE EXCELLENCE, WE REQUIRE IT! 

California Labor Law Taking Action: What you need to know!

Jun 042019

If you are a general contractor or subcontractor working in the state of California you have probably heard of the contract liability law that went into effect in 2018. Julie A. Su, the California Labor Secretary sums up the law by stating "Up-the-chain general contractors are now responsible for wage theft committed by their subcontractors on all construction projects in the state." "General Contractors who choose subcontractors that do not pay wages owed will pay a hefty price". 

The Department of Industrial Relations in California issued a news release On May 29th which discussed citations totaling $597,933 in unpaid wages and penalties to Universal Structural Building Corp. of Chatsworth. This was after it came to their attention that 62 construction workers were never paid for weeks of work on two projects in Hollywood and Ventura. 

The release went on to say "The Labor and Commissioner's Office will use all the tools at its disposal to return these stolen wages-including the placement of liens on these properties which will have a hold until the labor these workers poured into these projects is paid in full." 

The article further highlights the importance of the mechanic's lien, "According to the California Constitution, this tool has guaranteed the right of construction workers since 1879 to obtain a court-ordered sale of property that they have worked on in order to recover unpaid wages, even if hired by a subcontractor."

Another important tool, that this particular release does not mention is a surety bond. A Performance and Payment bond, specifically the payment bond guarantees that subcontractors will be paid on a construction job. Chrystal Hedges, partner at Constructors Bonding, Inc., a surety management firm with corporate headquarters in Phoenix AZ comments: "Our firm works with hundreds of contractors, not only in California but all over the country. Surety bonds are essential in assisting in these situations and our firm has seen their benefits time and time again, going back to 1981. If you are a subcontractor, I suggest you ask the general contractor whether they are posting a Performance and Payment bond. If they are, you now know you have a large insurance company guaranteeing not only their performance, but that they will pay you, if they do not pay, you have recourse by filing a claim on their payment bond. If you are a general contractor, we suggest you require your critical path subs to post bonds to ensure they are also paying their subcontractors and vendors to mitigate these situations. All of us at CBI are here to answer any questions regarding this, and are happy to assist any contractor in obtaining a performance and payment bond." 

 There are of course guidelines on how to file mechanics liens, as well as payment claims on payment bonds. For example construction workers should exercise their lien rights within 90 days of the work being completed or they may loose the right to file. There are many lien service companies out there that can assist you with this, or you can always ask a construction attorney that understands the lien laws in your state. If you're looking to file a claim on the general contractors payment bond, or one of the critical path subs payment bonds, there are a few routes you can take; 

  • All bonds are filed with the obligee (the beneficiary or the one who requires the bond). The general contractor's bond would be filed with the owner. You can ask for a copy, if its a private job, they may not provide you a copy but you can always ask the owner. This will tell you the bond company to file the claim with. Ask your bonding agent for advise on how to handle.  
  • The subcontract bond would be filed with the general contractor and you can complete the same process after you obtain a copy of the bond or find out the bonding company named on the bond.  
  • Each bond company has their own process and requirements, so once you file the claim with them, their individual steps will be provided to you to assist you in the process. 

Overall, specifically in the state of California, clearly wage theft has been an issue and they are working to rectify each situation and to put certain penalties in place to avoid future infractions. However, while this "up-the-chain" law currently only applies to CA, every contractor should be aware of their rights and tools (i.e. mechanics liens, bonds) to assist them if they are not being paid for completed work. 

 *Thank you to the Department of Industrial Relations for much of the content in this article. 

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 Contact Constructors Bonding, Inc. Today For Answers! 

You Deserve Excellence, We Require It. 

480-878-4226

www.cbialliance.com