A Work in Process schedule, commonly called a WIP, is an extremely important report for both contractors and surety bond companies. Contractors can benefit by understanding what surety underwriters are looking for in a WIP report.
Are you looking for a way to increase your surety bond capacity? Surety Bond Capacity is the credit that a surety bond company extends to a Principal, both on a single project basis and as an aggregate limit. Increasing surety bond capacity is important to every company doing bonded work because it allows them to […]
It is said that, “The only man who sticks closer to you in adversity than a friend is a creditor.” Debt can put a stranglehold on a contractor. It creates the need for more volume and profit just to cover interest obligations. It can be difficult to get rid of when times are tough. That […]