Tax Incentives and Material Costs

In construction, profit margins require constant attention. Leveraging the latest tax incentives can make a difference. So can a rigorous approach to utilizing price escalation clauses in the face of volatile material costs. Step up your strategies for protecting the...

Article

Surety Bonds

Need a surety bond? You are in the right place. Colonial Surety Company is licensed to issue surety bonds in all 50 states and territories. Simply pick the bond you need, select your state and obtain your bond in minutes....

Page

Bid & Performance Bonds

Product

Bid Less, Win More?

Not getting the job unless you submit a bid so low that you’re not sure how you’ll actually do the work? It’s probably time to shift out of the low-bid procurement grind. Pros say it is possible, though it takes...

Article

Keeping Score: Bid Success?

In construction, smartly choosing what projects to bid on, using solid information to prepare every bid, and tracking results, can make all the difference between surviving and thriving. What’s your success rate? What shifts in your bidding strategy would improve...

Article

High Demand, Limited Supply: People!

As competition for construction workers is anticipated to remain tough for the foreseeable future, wise company leaders are investing in the retention of talented, committed and loyal team members. It’s not surprising that pay, skills, performance and recognition all play...

Article

Accounting: Magic Wand?

When done well, automating the accounting tasks involved in running a construction business can certainly result in efficiency gains. Here’s the hitch though: a lack of understanding about your financial operations, and errors in your current approach, will gunk up...

Article

Simple Performance Indicators?

A straightforward approach to key performance indicators (KPIs) enables business owners to consistently make informed decisions. When we rely on intuition (or flip a coin), we may get lucky sometimes, but for sustainability and growth, establishing and using sensible KPIs...

Article

Winning With the Low Bid?

Sure, competitive pricing matters, but over-reliance on being the lowest bidder is a tactic that leaves a lot to chance–and ultimately a lot of potential wins and profits on the table. It’s a good idea to strategically consider your sales...

Article

Public Builds: Bid Time?

In the continued effort to breathe new life into roads, bridges, airports and other vital transportation infrastructure across the country, nearly $9 billion in federal funds was recently authorized and is headed out to states. For construction businesses with an...

Article