How do you look to your surety? – A key question in today’s economy
Abstract: Recently, bonding firms have been extra cautious because of the difficulties that so many construction companies have had in staying solvent. That’s why, now more than ever, it’s important for contractors to determine just how their business looks to their surety. Working capital and tangible net worth will likely sit near the top of any surety’s list of critical attributes, as will receivables and debt, performance consistency, and work in progress.