The Ripple Effect of the SVB Collapse on the Construction Industry

Ali Salamirad concentrates his practice in the areas of construction and surety law. Many of the nation’s leading surety companies, private developers, general and specialty contractors trust Mr. Salamirad’s guidance and counsel when dealing with the myriad of issues that arise in the construction industry.  Mr. Salamirad has successfully handled a wide range of cases on federal, state and private construction projects, including disputes on distressed private development projects, bid protests, subcontractor substitutions, labor/wage claims, extra work disputes, differing site condition claims, delay, productivity and inefficiency claims, default terminations, takeover and completion efforts, and surety financing arrangements.

Mr. Huckabay is a second generation in the surety business, and he joined CSBA in 1996. As president of CSBA, he is now responsible for managing the overall operations, setting the strategic direction for the agency, and guiding clients on how to obtain their surety needs. This includes getting intimately involved in his clients’ businesses serving as an advisor on a variety of aspects such as general business planning, investment of capital, tax planning, negotiating banking terms, business formation and structure, and continuity planning. All of this is done with the intention of helping clients become better businesses and to obtain the surety credit the client’s needs to meet their goals. Mr. Huckabay is also directly involved in selecting the best surety company for clients and negotiating their bond programs with surety companies.