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 debt to net worth are all essential to a construction company’s financial and bonding capabilities. Construction companies need to be in compliance with all of these metrics at all times.
Sit back and relax for two minutes and find out why from Senior Surety Producer Tony DeMartino.