Why Do I Need to Sign a General Indemnity Agreement to Obtain Bonding?
Joe Catania, President of Anderson & Catania Surety Services, explains the importance of the general indemnity agreement in securing bonding. What Is Meant by Stating That Surety Credit Is Unsecured Credit While Banking Is Secured Credit? The surety credit relationship is unsecured credit. The General Indemnity Agreement (GIA) is the only document that ties the…
Continue Reading Your Bonding Company Relationship | By edayadmin |
How Should I Describe the Talent of My Key Employees to a Surety Company?
Donzaleigh Powell, a surety consultant at Anderson & Catania Surety Services, LLC, offers tips on how to best highlight the skills of your contractors to a surety company. (video transcript) We suggest maintaining updated resumes and bios of your key employees. As you look to grow evaluate your team. Does someone have experience with the…
Continue Reading Your Bonding Company Relationship | By edayadmin |
What Are the Benefits of Requiring Subcontractors to Bond-Back on My Projects?
Brent Headley, Surety Account Executive at Anderson & Catania Surety Services LLC, explains why general contractors should ask subcontractors to post a performance and payment bond back to them. At What Dollar Amount Should Subcontractors Bond-Back? There are many answers to this question. If a bond-back is required by the surety company, the surety company…
Continue Reading Risk Management | By edayadmin |
Can My Passion for the Construction Industry Help Me Secure a Surety Bond?
Donzaleigh Powell, surety consultant at Anderson & Catania Surety Services, LLC, emphasizes the important role passion and relationship-building play in a construction company securing a surety bond. (video transcript) Telling your personal story is an important part of building a supportive surety relationship. Bonding is not just about your company’s balance sheet, although that’s important.…
Continue Reading Your Bonding Company Relationship | By edayadmin |
How Does an Unforgiven PPP Loan Affect My Bonding Capacity?
Brent Headley, Surety Account Executive at Anderson & Catania Surety Services LLC, offers insight regarding PPP loans and their impact on surety bond capacity. Why Is It Important to Anticipate How a Surety Will Treat an Unforgiven PPP Loan? Obviously, if the PPP loan is unforgiven, the loan amount affects how the surety calculates the…
Continue Reading The Importance of Your CPA Financials | By edayadmin |
Podcast: Surety Bonding in Pivotal Points
Junior Gutierrez of NOVA Business Connection and Chris Smith of Anderson & Catania discuss surety bonding as it relates to navigating different opportunities and problems:
Continue Reading Guest Podcasts | By edayadmin |
How Do I Obtain a Bond for a Project 4X Larger Than Any Project I’ve Ever Completed?
Partnering with a surety services firm that has extensive experience in the bond marketplace can provide contractors greater flexibility. Richard G. Anderson, CEO of Anderson & Catania Surety Services LLC, emphasizes how Anderson & Catania builds relationships that expand opportunities. Is there a general rule that sureties apply to determine a contractors’ single project surety…
Continue Reading Growing Your Bonding Capacity | By edayadmin |
My Credit Score Has taken a Hit During the Pandemic. How Do Poor Credit Scores Impact Access to Bonding?
Donzaleigh Powell of Anderson & Catania Surety Services offers some encouraging advice to those whose credit has been hit hard by the pandemic, or who may have low credit scores in general. What personal credit scores are considered acceptable to surety companies? We don’t always get an exact score range, but generally, FICO scores 650…
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