ASAToday for June 26th, 2025

Update on the FY24 National Defense Authorization Act The House Armed Services Committee considered the FY24 NDAA (H.R. 2670) with Chair Rogers’ initial draft calling for $842.3 billion for the Defense Department, plus $32.4 billion for atomic weapons programs in the Energy Department. The draft bill aligns with the $886.35 billion in defense spending proposed…

Contract Documents Task Force ASA has recently approved an updated round of contracts from the ConsensusDocs design-bid-build series. These are a series of ConsensusDocs most used prime and subcontract agreements and are being revised for publication as part of ConsensusDocs regular comprehensive revision cycle. This cycle occurs twice as frequently as the American Institute of…

The Bonding Perspective on H.R.1740 Last week, ASA advocated on behalf of H.R.1740, which would address payment and performance bonds regarding Water Infrastructure Financing Authority Act (WIFIA) financed public-private partnerships.  After those meetings, the National Association of Surety Bond Producers (NASBP) offered that they had a study conducted on behalf of the Surety & Fidelity…