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Direct vs. Indirect Costs in the Construction Industry

Direct vs. Indirect Costs in the Construction Industry

A new project manager at your construction company is consistently seeing margins deteriorate at the end of their construction projects.  The key question when confronting this situation is to determine if project…

Paving the Way to Surety Bonds for Construction Projects

Paving the Way to Surety Bonds for Construction Projects

Surety bonds are commonly needed by construction companies. Often confused with insurance, these bonds work more like a form a credit—a guarantee that the construction company will carry out a contract within all applicable laws…

Strengthening the Contractor-Surety Relationship

Strengthening the Contractor-Surety Relationship

If you are a contractor seeking a long-lasting relationship with a surety, it helps to first understand how that surety views certain factors related to you and your ability to perform and complete jobs…

What Are Surety Bonds, and When Might You Need One

What Are Surety Bonds, and When Might You Need One

Surety bonds are used in the real estate and construction industries to ensure the completion of a contract in the event of a contractor default. If you as a contractor are bidding on work, there is a possibility that contract requires a surety bond…

Financial Statements: What do the Banks/Bonding Companies Really Want to See?

Financial Statements: What do the Banks/Bonding Companies Really Want to See?

Construction business owners regularly have to report to financial institutions. Whether they are requesting a bank to increase their line of credit, or asking for a loan, or they may need to get bonded or insured for an upcoming project, it’s important that the owners have all of their financial statements in order…

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