Construction Bonds, Inc. a division of Murray

September is just flying by! We are closing in on the fiscal year-end for the SBA. If you are looking to get a bond with the support of the SBA, please reach out as soon as possible. No bonds can be issued from 9/26 through 10/1 while they perform their routine year-end processes. Call us for all your bond needs: 703.934.1000 https://sbabonds.com/

Are you familiar with surety bonds? 🤔 If not, let us introduce you to this amazing tool that can help protect your business. 💼 Surety bonds act as a guarantee between two parties, ensuring that the agreed-upon terms of a contract are fulfilled. 💪 This can be especially beneficial for small businesses, providing clients with a sense of security and building trust in your company. 🤝 Not only do surety bonds offer protection, but they also demonstrate your company's financial stability and commitment to delivering quality work. 💰 Plus, they can be tailored to fit the specific needs of your business. 🙌 So if you want to take your business to the next level and stand out from the competition, consider adding surety bonds to your repertoire. Let's connect and chat more about how this could benefit your business! 🤝 #SuretyBonds #BusinessProtection #TrustedPartners #AssurePartners #PowerThroughPartnership https://lnkd.in/eiK6AUZv

Are you familiar with surety bonds? 🤔 If not, let us introduce you to this amazing tool that can help protect your business. 💼 Surety bonds act as a guarantee between two parties, ensuring that the agreed-upon terms of a contract are fulfilled. 💪 This can be especially beneficial for small businesses, providing clients with a sense of security and building trust in your company. 🤝 Not only do surety bonds offer protection, but they also demonstrate your company's financial stability and commitment to delivering quality work. 💰 Plus, they can be tailored to fit the specific needs of your business. 🙌 So if you want to take your business to the next level and stand out from the competition, consider adding surety bonds to your repertoire. Let's connect and chat more about how this could benefit your business! 🤝 #SuretyBonds #BusinessProtection #TrustedPartners #AssurePartners #PowerThroughPartnership https://lnkd.in/eiK6AUZv

Love what you do but not where you do it? The Surety Sales Executive is a new Producer or a Producer that does not have a transferable book of business. In this role, the Surety Sales Executive actively cultivate and maintain strong relationships with clients, underwriters, and colleagues. This Producer will identify and secure new surety bond clients; may maintain an existing book of business; expands book of business; and enhances the public image of the Agency.    At one of the fastest growing Insurance Brokers in the U.S., come play a critical role in building relationships and delivering exceptional risk solutions to clients, helping businesses and individuals protect what matters most to them while driving the growth of our business and your own success. https://lnkd.in/d3FvsknE

Underbilling Hazards   Per Construction Cost Accounting, In the bustling world of construction, underbilling often gets neglected. However, it's a phenomenon with significant implications for both your surety and your construction enterprise.   An example from CCA: Underbilling is when you're paid less than the actual work done. Consider "XYZ Construction," a company that took on a project to build a commercial complex. They estimated the project would cost $2 million and billed the client accordingly.   As the project progressed, they realized that due to unforeseen complexities in the foundation work, the cost increased by $500,000. However, XYZ didn't update the billings to reflect this additional cost.   So, even though they had finished 50% of the job, which was worth $1.25 million, they only charged the client $1 million. XYZ Construction was $250k short on bills. This difference meant that they had less cash flow to run their business, which made their surety nervous about how they were handling their money. Underbilling puts a strain on the business's finances and may raise questions about its ability to handle costs and keep contracts. This is why it's important for building companies to catch underbilling quickly and fix it.   Sureties may see underbilling as a warning sign, indicating potential cash flow issues. They might begin to question whether you have sufficient funds to complete the project as agreed. In extreme cases, underbilling could even lead people to question whether you can fulfill your contractual obligations. This could result in sureties ramping up their controls, potentially impinging on your ability to secure bonds and bid on future projects. Beyond the financial impact, underbilling can also complicate the cost estimation of a construction project, distorting your profit calculations. Underbilling can lead to mismanaged cash flow, triggering a chain reaction of financial issues that worsen your business's health. Getting help from a professional is sometimes the best way to stop underbilling. Professional bookkeeping services, know how to handle the unique difficulties and nuances of construction accounting. They can help you make sure your billing fits your work, which will cut down on the number of times you underbill. Having an Accountant that specializes in the Construction Industry can help you avoid common financial mistakes in the industry and ensure your revenue accurately reflects the work done, leading to better cash flow management, reduced surety concerns, and a solid foundation for sustained growth. To read the full article: https://lnkd.in/eFuhkDbT

https://lnkd.in/gSctngS2

Love what you do but not where you do it? The Surety Sales Executive is a new Producer or a Producer that does not have a transferable book of business. In this role, the Surety Sales Executive actively cultivate and maintain strong relationships with clients, underwriters, and colleagues. This Producer will identify and secure new surety bond clients; may maintain an existing book of business; expands book of business; and enhances the public image of the Agency.    At one of the fastest growing Insurance Brokers in the U.S., come play a critical role in building relationships and delivering exceptional risk solutions to clients, helping businesses and individuals protect what matters most to them while driving the growth of our business and your own success. https://lnkd.in/d3FvsknE

Huge shout-out to Gabriel Zarate and RG Insurance for the opportunity to share more about the process of getting bonds. Thanks, Gabriel & RG Insurance - #PowerThroughPartnership #AssuredPartners #Surety

Grant Garza, Surety Bond Agent with AssuredPartners, discusses the importance of bonds. Let AssuredPartners | Construction Bonds, Inc. a division of Murray help you further your bond capacity. #AssuredPartners #InsuranceSolution #Bond Brandon Shuman David Gorman Josh Lansberg CIC CLCS

On Monday Construction Bonds, Inc. a division of Murray had the opportunity to volunteer at the Arlington Food Assistance Center. It was great to meet the Team at the AFAC and give back to the Northern Virginia community. #PowerThroughPartnership #Community