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The Supreme Court of Canada announced Thursday it will hear an appeal from a subcontractor on an oilsands project who is trying to sue a general contractor for failing to inform it of the existence of a surety bond.

Court records indicate that Langford Electric Ltd. was a subcontractor to Bird Constr...

According to Markel International, brokers have been asking for it – and now they’re going to get it.

The company followed up on its announcement that it will enter the surety market last month by declaring earlier today that it is starting to write surety business after making two key appointments –...

Workers who built the Southmost Hike and Bike Trail in Brownsville claim they haven't been paid.

Jorge Contla said he worked on the hike and bike trail project as a subcontractor for ARRCO General Construction Group. The city of Brownsville, though, provided documents to CBS 4 News showing Contla pre...

The feared robot takeover of insurance jobs may soon press ahead – UK industry giant Aviva, which sold its Aviva USA operations in 2013, is planning to consult its 16,000 employees on possible automation of roles, The Sunday Times reports.

According to the report, Aviva will ask its workers whether t...

Work-in-process, or WIP, is an account on the balance sheet where all the costs referring to a product or asset in production are recorded. It covers costs related to direct labor, direct materials, and MOH (applied manufacturing overhead).

The “WIP” account is debited (increased) by direct materials...