Financial Stability – Providing You Peace of Mind

As an owner of a construction project, imagine receiving a call from your contractor telling you that they have run out of money and can’t pay for the labor or material to keep your project on schedule.  What options do you have?  The answer is, “there is no good option!” So if not having it is bad, what are the benefits of being financially stable?  It starts with making your project financing approvals quicker and easier.  Lenders want financially stable construction companies used on projects they lend on, as it helps reduce risk.  In situations where surety bonds are needed, financially stable contractors have a surety relationship that can provide for these needs without delay. Financial stability ensures during construction; the project owner is not bothered by untimely requests for money to meet cash flow needs caused by a problem on your project or worse, someone else’s project.  A financially stable contractor can...

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