What Do Underwriters Look for When Construction Companies Request a Bond?

Weapons of Mass Construction, Episode 1 Bob Teska, Partner in Charge of Construction Services at Bowers and Company CPAs, presents this webinar series to bring you an array of topics from accounting, taxation, sureties and insurance. This webinar will explore what underwriters look for when you request a bond. A brief overview of this episode: 1) What is a surety bond (unsecured credit - the credit card you never want to use)? 2) The three Cs: Character (Have you used credit before, Do you pay your bills on time) Capital (What assets do you have, How would you deal with a short-term cash crisis) Capacity (Your ability to repay debt, What is your backlog) 3) Working Capital is a measurement that comes right off your balance sheet.