Ask Your Surety Pro – What Surety Underwriters Look for When They Evaluate a Contractor’s Internal Controls
As your construction company grows, surety underwriters do not just review your financial statements. They want to understand the systems and processes behind them, and one of the most important areas they focus on is job cost tracking.
In this episode of Ask The Surety Pro, Joe Catania, CEO and Co-Founder of Anderson & Catania, explains what surety underwriters mean when they evaluate a contractor's internal controls, why accurate job cost reporting is central to that evaluation, and what contractors can do to strengthen their financial infrastructure as their business grows.
If your systems have not kept pace with your growth, this episode is worth your time before your next underwriting review.
⏱ Watch time: 1:14