Contractors large and small know that to live in the public works arena, bonding is the lifeblood. As such, a contractor can only grow as its bonding does which can sometimes be a catch 22. A bond company will increase bonding largely on the strength of the contractor’s financials, yet a contractor may need the larger bonds to strengthen their financials. This dilemma seems to prove true with small business all too often. Here tips to help increase bonding:
If you need any help with increasing your bonding, or just have general questions feel free to comment or call us direct at 877-654-2327.