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Construction Executive

Construction Executive published an article by Partners Robert Mercado and William Clark about maximizing contractor capital for increased bonding capacity.

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Under Generally Accepted Accounting Principles (GAAP) in the United States, working capital is the difference between the contractor's current assets and current liabilities. For surety credit purposes, adjustments are made to the GAAP working capital to determine the adjusted working capital. The surety will typically calculate surety credit based on the contractor's year-end audited or reviewed financial statements.

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Robert Mercado, Partner, Assurance

Partner
Assurance
New Haven, CT
William Clark, Partner, Assurance

Partner
Assurance
Nashville, TN
 

 
 
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