Ask the Surety Pro

Ask the Surety Pro

How Do Surety Companies Evaluate a Contractor’s Working Capital?

How Do Surety Companies Evaluate a Contractor’s Working Capital

Jul 30 2020

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…
Continue Reading

What Should Contractors Do to Make Sure a Meeting with a Surety Company Produces the Best Results?

What Should Contractors Do to Make Sure a Meeting with a Surety Company Produces the Best Results

Jul 8 2020

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…
Continue Reading