Construction Executive published an article by Assurance Partner Robert Mercado and Senior Manager Michelle Scarpone, about how to maximize the power of surety credit.
By Robert Mercado, Partner, Assurance Services & Michelle Scrapone, Director, Assurance Services
In order to maximize potential surety credit, contractors should prepare in advance for the underwriting process. Surety credit relies heavily on the contractor’s year-end financial statements. Knowing this and understanding the adjustments discussed above, contractors can be proactive to reduce items that have a negative impact on surety-adjusted working capital before the contractor’s year-end. Doing so will maximize the surety working capital and in turn, ultimately maximize the surety credit.
Click here to read a PDF version of the article >>
Click here to download the latest Marcum Commercial Construction Index >>
Click here to download the latest Marcum Commercial JOLTS Analysis >>