NEW City of Philadelphia Demolition Contractor License Bond

In June 2013, a Philadelphia building undergoing demolition collapsed onto a neighboring building, killing six people and injuring 14. Philadelphia’s construction and demolition regulations were closely scrutinized in the wake of the collapse. In response, the Philadelphia City Council passed five bills in February 2014, imposing additional permitting, inspection, construction and licensing requirements for building and demolition projects within Philadelphia. Four of these bills were signed into law by Mayor Michael Nutter on February 20, 2014. The fifth bill, requiring licensure of demolition contractors, was not signed into law until August 6, 2015.

This new City of Philadelphia Demolition Contractor License law takes effect on November 1, 2015.  In addition to obtaining a license, all demolition contractors in the City of Philadelphia will be required to comply with the following regulations:

  • Identify at least one demolition supervisor with proof of successful completion of the Demolition Exam
  • Identification of at least one site safety manager with proof of completion of OSHA 30 training
  • License Bond
  • A certificate of insurance complying with the City’s insurance requirements

There will be two license categories:

  • Class A: Demolition of major buildings – Requires a $25,000 License Bond
  • Class B: Demolition of smaller buildings – Requires a $10,000 License Bond

Contact us to learn more about the Demolition Contractor License Bond, or Apply Online to receive a quote.

 

 

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New $75,000 Freight Broker Bond (formerly $10,000 ICC Broker Bond)

When Congress recently passed the “Moving Ahead for Progress in the 21st Century, this sweeping legislation included extensive changes regulating the activities of Freight Brokers by the Federal Motor Carrier Safety Administration (FMSCA), including replacement of the former $10,000 ICC Broker Bond (BMC-84) with a new $75,000 Freight Broker Bond. In addition, Freight Forwarders, who were never subject to this requirement, must now also fulfill this $75,000 requirement.

The implementation date of October 1, 2013 is approaching fast, however, FMSCA will provide Freight Brokers and Freight Forwarders until October 31, 2013 to file the new bonds. On November 1, 2013, FMSCA will review its system to determine which Freight Brokers and Freight Forwarders have not yet filed the new bonds. FMSCA then will send letters to these entities, which will have 30 days from the date of the letter to file the new bond.

The new requirement will be effected by filing a new bond form (BMC-84) to replace the existing form. FMSCA is revising the form to reflect the new amount and to include Freight Forwarders. The new form will be posted to FMSCA’s website by October 1, 2013. A Freight Broker or Freight Forwarder that operates without registering could be fined as much as $10,000.

The new $75,000 Freight Broker / Freight Forwarder Bond will ensure compliance with the rules of the FMCSA, including timely payment. The law provides that the surety bond “shall be available” to pay any claims against a Freight Broker (or Freight Forwarder) for failure to pay freight charges if: 1) the broker consents; 2) the broker does not respond and the surety determines that the claim is valid; or 3) the claim is not resolved in a reasonable period of time and it is reduced to judgment against the broker.

Surety Bond Associates is a market for the new $75,000 Freight Broker / Freight Forwarder Bond. Apply now to avoid the $10,000 fine.

To receive a Quote, complete our Online Application today.

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