Posts Tagged ‘Ask Your Surety Pro’
Ask The Surety Pro – Chris Ruck Explains Why Bidding with a Certified Check Instead of a Bid Bond Doesn’t Ensure You’ll Prequalify for A Bond
A certified check shows you’re serious about your bid, but it doesn’t guarantee you can secure performance and payment bonds if awarded the project. In the latest episode of Ask The Surety Pro (1:39), our Vice President, Chris Ruck, explains why bidding with a certified check instead of a bid bond doesn’t ensure you’ll prequalify…
Read MoreAsk The Surety Pro – Joe Catania Speaks on the Challenges of Obtaining Surety Bonds for Federal Projects in Guam & Puerto Rico
Securing surety bonds in Puerto Rico and Guam comes with unique challenges for small construction companies, but opportunities await those who are prepared. In the latest episode of Ask The Surety Pro (1:12), Joe Catania, Co-Founder & President, shares insights on how surety bond companies are adapting to the surge in contract opportunities across U.S.…
Read MoreAsk The Surety Pro – Chris Ruck Speaks on The Relationship You Have With Your Surety Company
Is your relationship with your surety company purely transactional, or have you built a true partnership? In the latest episode of Ask The Surety Pro (1:39), our Vice President, Chris Ruck, explains how the lack of strong connections with surety company decision-makers can lead to challenges like limited bonding capacity, higher costs, and missed opportunities…
Read MoreAsk The Surety Pro – Joe Catania Answers Question on Liquidity Risks and Financial Health
Surety companies closely evaluate a company’s liquidity and overall financial health when determining bonding capacity, as too much working capital tied up in receivables can signal potential cash flow issues. In the latest episode of “Ask The Surety Pro” (1:22), Joe Catania, Co-Founder & President, shares best practices to help surety underwriters gain clearer insights…
Read MoreAsk The Surety Pro – Chris Ruck Shares His Thoughts on Fall 2024 Bid Activity
Chris Ruck shares his perspective on Fall 2024 bid activity and surety market credit conditions in this 1:22 episode of ‘Ask The Surety Pro,’ offering insights into how contractors in the Tri-State Area (NY/NJ/PA) are positioning to carry backlog into 2025. Watch now to stay ahead in the market!
Read MoreAsk The Surety Pro – Joe Catania On What Decision-Making Role a Home Office Surety Underwriter Plays
Building strong relationships is key to navigating the complexities of surety bond approvals. While home office underwriters have more authority over larger or more complex bonds, their role is often more internally focused, with less direct customer interaction compared to branch office underwriters. In the latest episode of “Ask The Surety Pro” (1:22), Joe Catania,…
Read MoreAsk The Surety Pro – Tony Lekse Shares His Insights on Q3/Q4 Construction Spending
Surety brokers and commercial bankers often interact, especially when they serve mutual clients in the construction industry. Their collaboration typically revolves around supporting contractors, ensuring they have the financial resources required to undertake projects. Watch the latest episode (1:46) of Ask The Surety Pro, where Joe Catania, our Co-Founder & President, shares how AC works together with commercial bankers to help contractors succeed in the marketplace.
#commercialconstruction #govcon #solarconstruciton #bonding #primecontracts #subcontracts #Federal #banking #lineofcredit
Read MoreAsk The Surety Pro – Joe Catania Explains If You Should Introduce Your Bonding Agent to Your Banker
Surety brokers and commercial bankers often interact, especially when they serve mutual clients in the construction industry. Their collaboration typically revolves around supporting contractors, ensuring they have the financial resources required to undertake projects. Watch the latest episode (1:46) of Ask The Surety Pro, where Joe Catania, our Co-Founder & President, shares how AC works together with commercial bankers to help contractors succeed in the marketplace.
#commercialconstruction #govcon #solarconstruciton #bonding #primecontracts #subcontracts #Federal #banking #lineofcredit
Read MoreAsk The Surety Pro – Chris Ruck Shares How AC Works Together to Help Contractors Succeed in the Marketplace
Facing surety underwriting roadblocks on long-term contracts? Concerns like financial stability, performance challenges, cost escalation, and market uncertainty often come up. In the latest episode of “Ask The Surety Pro,” Joe Catania, CEO & Co-Founder of Anderson & Catania, shares how he helped a contractor secure a five-year contract and the revenue stream that came with it. Don’t miss this success story!
Read MoreAsk The Surety Pro – Joe Catania Shares How He Helped Secure a Five-Year Contract
Facing surety underwriting roadblocks on long-term contracts? Concerns like financial stability, performance challenges, cost escalation, and market uncertainty often come up. In the latest episode of “Ask The Surety Pro,” Joe Catania, CEO & Co-Founder of Anderson & Catania, shares how he helped a contractor secure a five-year contract and the revenue stream that came with it. Don’t miss this success story!
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