Contract Bonds
How Do Surety Companies Evaluate a Contractor’s Working Capital?
Brent Headley of Anderson & Catania considers working capital to be one of the most important financial considerations in determining a contractor’s bonding program.
Categories: Contract Bonds | Authored by: acsurety | Posted: 07/30/2020
What Should Contractors Do to Make Sure a Meeting with a Surety Company Produces the Best Results?
An underwriter wants to see your whole organization. The CPA presentation is important, but the underwriter truly wants to get to know your passion for the construction industry, talk about your experience, get to know your personnel and their experience, what job sizes you can handle, discuss positive references on completed contracts, and understand the quality of your credit relationships with your suppliers and other creditors. This type of information is all part of an underwriter feeling comfortable giving you surety support. Categories: Contract Bonds | Authored by: acsurety | Posted: 07/08/2020