Build your bonding capacity with a solid foundation
Abstract: A high bonding capacity is something for which just about every contractor strives. Getting the necessary underwriting from a surety gives a construction company the freedom to bid on jobs well suited to its strengths — not to mention bigger projects with greater potential for profitability. This article lists the elements sureties are looking for, such as strong financial statements, profitability and working capital. Timely, accurate work-in-progress (WIP) reports are also essential, as is ongoing communication with the surety.