Are You Seeing Increasingly Larger Bid Spreads In 2023?

If you answered yes to that question, you’re not alone.

So why are we seeing larger bid spreads in the current market, and will it affect your surety bonding capabilities?

Our team is always listening to our contractor clients, and always looking for trends that might have an impact on their bonding capacity and ability to win contracts and make money.

When we’re seeing wide bid spreads, we see a potential red flag. It could be due to a number of factors, including higher-than-normal labor and material costs, etc.

Learn more in this can’t-miss this two-minute video from Tony DeMartino, Surety Bond Producer at Anderson & Catania Surety Services, LLC. Tony offers insights and advice based on decades of experience serving our diverse base of contractor clients. 

Do you have questions about surety bonding? Could you use some expert advice and counsel?

Whatever your size or scope as a contractor, our professional surety services team is here to help. So get in touch today!