Your Bonding Company Relationship

If your construction company has loaned money to an affiliated entity, your surety underwriter will want to understand it — and it may affect your bonding capacity more than you expect. In this episode of Ask The Surety Pro, Chris Ruck, Vice President at Anderson & Catania, explains how surety underwriters evaluate loans to affiliated…

Doubling your bonding capacity in the next 12 to 18 months is a realistic goal for contractors who approach it strategically. But it starts with being clear on why you need the additional capacity and building a financial case that an underwriter can get behind. In this episode of Ask The Surety Pro, Tony DeMartino,…

As your construction company grows, surety underwriters do not just review your financial statements. They want to understand the systems and processes behind them, and one of the most important areas they focus on is job cost tracking. In this episode of Ask The Surety Pro, Joe Catania, CEO and Co-Founder of Anderson & Catania,…

A CPA-reviewed financial statement supports most surety bond programs. But as a contractor grows and pursues greater bonding capacity, a surety may require the higher level of assurance that only a full CPA audit can provide. In this episode of Ask The Surety Pro, Chris Ruck, Vice President at Anderson & Catania, explains when sureties…

The New York City School Construction Authority has a $20.5 billion capital plan running through 2029, and the bid activity is already hitting the street. In this episode of Ask The Surety Pro, Tony DeMartino, Surety Bond Producer at Anderson & Catania, shares what he is seeing firsthand from SCA bond requests and bid activity…

Requiring key subcontractors to carry performance and payment bonds is one of the most effective risk management strategies available to prime contractors. But the benefits go beyond risk transfer. In this episode of Ask The Surety Pro, Joe Catania, CEO and Co-Founder of Anderson & Catania, explains why sureties require subcontractor bond-backs, how subcontractor bonds…

Debt is a normal part of running and growing a construction company. But at what point does leverage start to affect your bonding capacity? In this episode of Ask The Surety Pro, Chris Ruck, Vice President at Anderson & Catania, explains how surety underwriters evaluate contractor debt, what financial factors they weigh, and when leverage…

Something meaningful is happening for Anderson & Catania in the New York and New Jersey construction markets. Established contractors are referring other construction company owners to our team, and the source of those referrals tells an important story. In this episode of Ask The Surety Pro, Tony DeMartino, Surety Bond Producer at Anderson & Catania,…

The most effective thing a contractor can do about profit fade is address it before it becomes a pattern. That means reviewing job cost reports consistently throughout each project, not just at close. It means having honest conversations with your surety broker before underwriting season rather than during it. And it means treating your WIP…

Some construction company owners are surprised to learn that surety companies often want to see a business line of credit in place, even if it is rarely used. The reason has less to do with whether you draw on it and more to do with what it represents to an underwriter. In this episode of…