NASBP Tips for Small Contractors Seeking Surety Credit - Grow Surety Credit and Capacity

Surety bond producers can help construction companies not only qualify for surety credit, but also can help them grow over time by increasing their surety credit or capacity, which enables these companies to take on more or larger construction projects. This video is an excerpt from a free, online course where individuals can learn more about surety bonding. Find the free, online course here: www.contractorb....
Kim Brown owns a small construction company. Her woman-owned company is a general contractor for residential units and is a subcontractor on government construction projects. While Kim’s company was working on a bonded job, she identified a project that was a perfect next step for her construction company to undertake. But she needed to prove capacity without sacrificing quality or timeline. She planned out both projects, the people, and equipment to demonstrate that the company could do both jobs at the same time. She also had contingency plans if one of the projects fell behind. She discovered that her company had the capacity to take on the health clinic project. Her bond producer was impressed that she was thinking ahead before she finalized her decision to bid. A NASBP bond producer can offer helpful ideas and suggestions in making this kind of decision.
Find a NASBP surety bond producer at the NASBP Surety Pro Locator suretyprolocat....