Nov 27, 20203 minSurety Bonds and How They WorkSurety Bonds perform an essential role in the construction industry. A Surety Bond is a three-way contract between the surety (the...
Apr 15, 20202 minWIP WORK ON HAND/WORK IN PROCESS Knowing how to determine your companies “Work on Hand” amount is crucial because when obtaining a bid or performance/payment bonds
Feb 4, 20205 minMATERIAL PRICE ESCALATIONMaterial Escalation Most jobs contractors bid on are based on a “fixed price”. These prices are determined by the material prices which...