Are You Maximizing Your Bonding Capacity?

September 16, 2014 | 0 Comments | Uncategorized

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At Alter Surety Group, sildenafil sickness Inc. we take pride in being a “boutique” agency and let our reputation speak for itself. As our clients increasingly rely on our expertise, discount viagra viagra
we remain committed to easing the chore of the surety bonding process for our clients. We have become masters of getting it done faster, Sildenafil
better and more efficiently than ever before. Our leadership is easily accessible and our entire team is dedicated to your long term business success. Experience the integrity, honesty and excellence in service that make up the foundation of Alter Surety Group, Inc.
At Alter Surety Group, viagra canada shop Inc. we take pride in being a “boutique” agency and let our reputation speak for itself. As our clients increasingly rely on our expertise, discount viagra pills we remain committed to easing the chore of the surety bonding process for our clients. We have become masters of getting it done faster, better and more efficiently than ever before. Our leadership is easily accessible and our entire team is dedicated to your long term business success. Experience the integrity, honesty and excellence in service that make up the foundation of Alter Surety Group, Inc.

Imagine you are strapped into the hottest roller coaster in town…

You’ve seen and heard all of the hype and felt that you had to see what it was all about. Before hopping aboard, viagra buy cialis wouldn’t you want to be assured that it wasn’t going to collapse due to cracks in the foundation and those cracks are due to inaccurate estimating resulting in a shortage of funds?

As the roller coaster of the construction industry roars full speed ahead uphill, diagnosis you want to be sure that you build a strong foundation for your business and know the facts on how to maximize your bonding capacity.  Contract surety is all about relationships and as with any relationship communication is key.

Sureties do not like surprises, so be sure to disclose:

-Law suits

– Any work in progress (WIP) that may be quickly heading south

– Plans to bid work outside your normal scope of work

Sureties don’t look kindly on inconsistency and the contractor’s ability to accurately estimate work shows strength and lessens the chance for surprises as the project move forward. Sureties like to see continuity in the work a contractor does and that he does it well.

Cash is King!  

Increasing your liquidity and having a strong, unused line of credit in place is a major component in increasing bonding capacity.  Sureties love to see strong working capital (current assets – current liabilities) which can be accomplished by implementing strong company management along with the guidance of a good construction CPA.  Just as everyone has a bad day, every company can have a bad year.  However, sureties grow concerned when a company has TWO CONSECUTIVE  bad years.  Planning ahead and building a sizable reserve fund is the best way to minimize the impact of difficult times.

These are just a few key factors that help to build the confidence that sureties have in your business, but there is more that you can be doing.   Having a strong support system to help you navigate through the bonding capacity process, which can be complicated at times, is important.

ALTER SURETY GROUP, INC. has over 25 years of experience in helping contractors maximize their capacity enabling them to grow their business to levels never imagined possible.

Follow us on LinkedIn, Facebook and Twitter and increase your company’s visibility, while staying up-to-date on the latest at  ALTER SURETY GROUP, INC.

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