Surety and Banking – More in Common Than One Would Think
Credit helps in production, distribution, selling, consumption and expansion. It helps smooth the rough curve of seasonality of a business. It increases the bonding and buying power of a contractor. But, where there is good, there may also be bad and ugly. Credit...read more
Bid Bonds from Subcontractors – Why Not?
During the last couple of years and especially this year, subcontract failures are on the rise. With work going to contractors that are bidding with little to no profit there is simply no room for a bid or execution error these days. Unfortunately that is just a part...read more
Pre-qualify Subcontractors – Things to Consider
With the slow down in the residential market you likely have seen more competition on projects as well as a longer list of subcontractors looking to provide bids to general contractors. With this new infusion of subcontractors to the commercial marketplace, are you,...read more
Are You Actively Managing Your Expenses?
Times have been very good for the construction community over the recent past. With the exception of the real estate market, all phases of construction seem to be operating on all cylinders. This has resulted in strong profits for many companies. However, all good...read more
Position Your Business to Protect Your Estate and Carry Out Your Wishes
I was recently involved in a situation where a close member of the family passed away unexpectedly. This family member did not have a plan in place with respect to final wishes, disposition of assets or many other aspects of his financial life. To say the process...read more