Posts by edayadmin
How Do I Use My Banking Relationship to Grow My Bonding Capacity?
Brent Headley of Anderson & Catania Surety Services explains how relationships with building contractors are built on trust and how a good banking relationship can help establish that trust. Are bankers friendly to construction companies? “Interestingly, I have found the banks can sometimes not appreciate the important relationship that their client has with their surety…
Read MoreGrowth Strategy Trends Within the Construction Industry
Senior Surety Bond Broker & Advisor at Anderson and Cantania Surety Services, Chris Smith, discusses growth strategy trends within the construction industry with Johanna Quintero on Episode 6 of Smartvine Podcast. (video transcript) Introduction: Welcome to the Smartvine Podcast where we bring together the art and science of building a better work culture by aligning your…
Read MoreHow Important is it to Work with a CPA Who is Well Versed in Surety?
Your financial statements are only as accurate as the accountant who prepares them. It’s important to work with a CPA who is construction-savvy and knowledgeable about construction accounting. What Interview Questions Can Be Used to Make Sure A CPA Is Construction-Savvy? Joseph Catania, President of Anderson & Catania Surety Services, LLC (jcatania@acsurety.com), suggests that you…
Read MoreHow 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. How Much Working Capital is Needed to Support a Bonding Program? Working capital is the balance between a contracting company’s current assets minus its current liabilities. “Typically speaking, your standard surety…
Read MoreWhat 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…
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