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how to increase bonding capacity

How to Increase Bonding Capacity

How to Increase Bonding Capacity

For existing clients, the 1 question we get most often is how to increase bonding capacity. And the answer doesn’t always provide the most clarity.  Though it’s an easy and fair question to ask, the answer can be complicated.  This is because no two contractors are the same, and no two contractors have the same circumstances.  Combine that with the …

 

Performance Bond Financial Analysis – WIP Part 2

Performance Bond Financial Analysis – WIP Part 2

In yesterday’s part 1 blog (click here for post), we introduced percentage of completion and how to calculate.  For this blog we’ll breakdown how to calculate over and under billings from the WIP, which is then entered as a current asset or current liability which in turn, affects bonding capacity. Let’s start with an example of what a simple work-in-progress (WIP) …