Building a stronger bond – How to keep a surety on your side

Description

Abstract: To build a successful construction business, contractors must be able to qualify for and win substantial projects. Doing so often requires maintaining or increasing their bonding capacity. The sureties that provide such bonds will look at many factors to determine whether a construction company is truly capable of performing the work. This article describes some of the key factors that sureties look for. A sidebar discusses recent survey results indicating that the skilled labor shortage is far from over.