Posts by EmoryDay
Does the SBA Surety Bond Guarantee Program (SBG) Evaluate Working Capital the Same Way as Traditional Surety Bonding Companies?
The need for surety bonding is a critical necessity for contractors to participate in government and commercial contracting at all levels. But how can small and mid-sized contractors get bonded when traditional Surety Companies say no? The good news is there are some exceptional Federal programs available for contractors who lack experience with surety bonding…
Read MoreWhat Key Parts of a Business Continuity Plan Are Important to a Bonding Company?
Nobody plans to fail. This is especially true for our contractor partners. Unfortunately, though, some contractors fail to plan when it comes to the continuity of their business. Let’s make sure that doesn’t happen to you. There are two important aspects of business continuity planning you need to be aware of. So don’t miss this…
Read MoreHow Do Bonding Companies Determine Whether a Contractor Is of “Good Character”?
We all want to do business with people and companies of good character, but getting to know a customer can take time. Our job as a surety services company is to establish surety bonding credit for our contractor clients. And while the character of our clients is super-important, sometimes we don’t always see their true…
Read MoreDoes an SBA-guaranteed surety bond replace the need to work with a traditional surety company?
What you need to know about the SBA’s Surety Bond Guarantee Program, aka the SBG. The SBG program is highly beneficial as it enables contractors to obtain surety bonding for projects that would typically not be available to them. The SBG program is an excellent program for contractors and surety companies alike. Find out why…
Read MoreHow often do bonding companies want to see a contractor’s financial statements?
Surety companies will periodically need to see their construction company clients’ financial statements. Here’s what you need to know. Surety companies need to monitor the financial health of their clients for the duration of a bonded project. We always want to ensure your profitability first and help keep you out of any potential danger zones…
Read MoreHow do bonding companies evaluate job risk?
Risk is a part of life, and that’s especially true in the contracting industry. So how do surety bond companies evaluate project risk? Having aided our clients with surety services for more than thirty years, we have gained valuable insights from our contractor clients. One of the most significant insights we’ve gained pertains to how…
Read MoreThe Anderson & Catania surety team welcomes Chris Ruck, the latest addition to our team of dedicated surety professionals.
Anderson & Catania is proud to announce the latest highly experienced, highly respected surety professional to join our team. Chris Ruck has over 30 years of surety industry experience serving commercial and government construction companies. He has worked extensively with surety companies and underwriters to service clients ranging in size from Global 1000 firms to…
Read MoreWhat special talents and qualities do you always expect to see in successful construction company owners and operators?
In the surety services business, we often marvel at contractors who gain a high level of success in the ultra-competitive construction industry. We’ve been serving our construction company clients with their surety bonding needs for over three decades. And we never cease to be amazed at the qualities that construction company owner-operators demonstrate—day after day…
Read MoreCan contractors use the SBA’s Surety Bond Guarantee Program to bond a single project?
Typically your surety services partner is going to look at your overall working capital when evaluating a surety bond, but that’s not always the case. In the contracting business, we recognize that a contractor’s overall working capital can fluctuate based on the completion stages of different projects, payment cycles, and many other factors. That’s why…
Read MoreWhen Do Underbillings Become a Concern for Bonding Companies?
An underbilling can be caused by something as simple as missing a billing cycle or as significant as an omission on a project estimate, and a lot of things in between. But underbillings can become an issue that causes your bonding company to raise a red flag. So when does an underbilling become an issue…
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