Here are 10 Tips to Increase Bonding Capacity, plus one you didn’t know about!
Let’s go!
- Upgrade accounting presentation from internally prepared to CPA, or from a Compilation to a Review
- Report not low bids promptly
- Report contract completions
- Pay back owner loans “receivable”
- Add capital
- Report bids submitted for less than the approved amount
- Clear inter-company debts
- Retain annual profits in company
- Report successful collection of overdue accounts receivable
- Refinance short term debt to long term
- and here is the one you didn’t know… use a larger font!
These (mostly) useful tips are brought to you by FIA Surety, a 40+ year old carrier specializing in Contract, Site and Subdivision Bonds.
Need one? Call us right now! 856-304-7348 Always available to serve you…
FIA Surety / First Indemnity of America Insurance Company
2740 State Route 10 West, Suite 205
Morris Plains, NJ 07950-1258
A carrier providing A rated, T-listed bonds in all states