Anderson & Catania Senior Surety Bond Producer, Tony Demartino, provides some excellent insights on how to manage bank sweeps associated with commercial LOCs. Commercial bank lines of credit can be an excellent way to manage your business’s short-term obligations and expenses, like payroll, accounts payable, etc.  The problem can be that most banks require you…

Anderson & Catania is a national surety bond agency dedicated to removing business obstacles for you, unleashing your entrepreneurial energy. At A&C, we also believe in supporting exceptional non-profits nationwide who help companies in their local communities to succeed and thrive. One of those organizations is the Nashville Business Incubation Center or NBIC. NBIC’s vision…

Anderson & Catania is a surety bonding agency focused on providing contractors with the surety bond knowledge and industry relationships needed to support informed decision making.   We also like to help aspiring college students reduce the risk involved in obtaining an excellent education. That’s why we partnered again this year with the big-hearted, generous team…

With government sector public projects, you and your bonding company know the money is there to fund the work because the funds have been earmarked for the project by federal, state, or local government. But how do you know there are adequate funds to complete commercial projects? Contractors can approach the owner and ask for…

Anderson & Catania Co-Founder, Richard Anderson, has another entertaining AR collection story from the front lines. You won’t want to miss this one! How important are credit and collections for contractors? AR collections are critical to keeping cash flow positive. So what can you do when you’re not getting paid, and your calls are not…

Supply chain issues are getting complicated and intertwined, especially on projects with multiple primes. In Pennsylvania, for example, there can be up to four primes on a single project. Can one contractor with no supply chain issues be negatively impacted by a different contractor’s supply chain problems? The short answer is yes!  But you can…

Solar power purchase agreements can be lengthy and complicated. Contractors need to keep it simple, avoid undue risk, and focus on the construction component. An underwriter will review the entire solar power purchase agreement, but contractors need to keep it simple and focus on the construction component only. Don’t get caught up in the onerous…

Banking, insurance, and surety companies are all critically important relationships for construction companies. There are subtle differences in the relationships to be sure, but they are also closely interrelated. For example, a company’s bank line of credit can have a significant impact on its ability to get bonded.  Working capital, bank LOC, operating income, and…