Surety Corner: Is your bond company slowing your growth? Part 2
The last edition of Surety Corner introduced the topic of bond limits, what might be holding back a contractor’s growth and the general areas of focus to ensure you are maximizing your bonding limits.
The example we had used was contractor XYZ who had $500,000 in working capital, which translated to a $10 million aggregate bonded work program based on 20 times leveraging. However, XYZ is looking to take on a larger job and to fit this project into their backlog they need to increase the aggregate limit to $12 million.
To read the full article by Jamie Collum and Andrew Cartwright from FCA Insurance, please click here.