Joe Catania, President of Anderson & Catania Surety Services, discusses the reason why owners of construction or contractor companies must sign a personal guarantee with a surety company. What does it mean to offer a personal guarantee to a surety company? The owners of the company sign with a personal guarantee, so in addition to…

Meet Donzaleigh Powell! From Nashville, Tennessee, she joins Anderson & Catania Surety Services, bringing her longstanding relationships with subcontractors, prime contractors, project owners, and construction industry decision-makers to the team. Joseph Catania: Hello! I’m Joe Catania, president of Anderson & Catania Surety Services and on behalf of our company we’d like to welcome Donzaleigh Powell, coming…

Brent Headley, Surety Account Executive at Anderson & Catania Surety Services LLC, discusses what impacts surety rates, including the primary factor that determines your bond rates. Has COVID-19 changed the way sureties evaluate working capital? In 2020, COVID-19 is not changing the way sureties look at working capital, according to Brent. “The federal government stimulus…

Richard G. Anderson, CEO of Anderson & Catania Surety Services LLC, explains how the firm distinguishes itself from other bond service companies while helping its national and international clients. How many surety companies does A&C represent? We represent 38 sureties. How many years of experience do the surety professionals at A&C bring to their customers?…

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…

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…

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…

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…