Ask Your Surety Pro – When Does Profit Fade Become a Concern for Your Surety Underwriter?

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 schedule as a live management tool rather than a compliance document.

In the latest episode of Ask The Surety Pro, Joe Catania, CEO and Co-Founder of Anderson & Catania, explains exactly where surety underwriters draw the line on profit fade and what contractors can do to stay on the right side of that conversation.

Watch time: 1:05