3 Tips from Someone With Experience

October 23, 2019

Business Products & Services

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Hire Experts To Tackle Problems And Find Suitable Solutions.
There is the need for businesses and service providers to deploy strategies aimed at keeping their customers satisfied by the products and services they offer. There are many service providers giving the same products which means that all businesses should have better strategies to be able to compete with the other service providers. It is possible for businesses to succeed through hiring consulting firms to help them find suitable strategies and techniques for better service provision. The consulting firms employ highly trained and skilled experts to help clients identify issues and design suitable solutions for each problem. No two businesses are the same which is why the firm treats each business uniquely and gives custom made services to suit each business needs.

The list of consulting services is wide with some of the areas covered being procurement, sourcing, project management, introduction of new products and services to mention a few. Clients are also availed with consulting services for legal spend operations, technology solutions, digital transformation, and customer strategy among others. Many industries have benefitted from the recent advancements in technology as it makes work easier and can improve businesses when utilized. The experts offer assistance during choosing of technology to ensure that the one has chosen is able to serve it its purpose better. Systems and technology solutions also require expertise to keep them working efficiently and the experts have needed the knowledge to do this.

Digital transformation focuses on availing customers with friendly digital systems that will ensure wonderful experience for the users. Users may switch to other service providers if they find that the systems are not designed properly and this is due to being too complex. By consulting the firm business is able to choose user-friendly websites and systems that users can enjoy using. The experts advise clients about making full use of technology and digital systems to collect, analyze and generate reports to offer insight about customers. Clients can also get advice on utilizing social media and online platforms to undertake digital marketing and data collection.

The large amounts of data may be of importance when collected and analyzed to create meaningful information to offer insight on improving quality of services. When introducing new products and services it is important to follow certain steps so that the products are received by the intended customers as expected. It is possible to make changes to operations in order to simplify operations and smoothen the nature of operations for better results. Since all businesses aim at making better profits, it would be helpful to consider expenses and cut down the unnecessary ones for higher gains. All processes and operations are critically analyzed and those overspending revenue removed or adjusted. Each client gets personalized solutions which are suggested after a thorough evaluation of their issues and designing effective solutions.

If You Read One Article About , Read This One

October 15, 2019

Business Products & Services

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Vital Tips to Note When Choosing Business Consulting Expert

Many things affect the business world today. You will need to have good consultation as a business person sismai vazquez to ensure you run your business well. You will realize that there is increased growth of technology, communication and the media. These are the things which may directly or indirectly affect the flow of your business. It is important to know that there are various things which should be done to a business to make it have a good structure. Therefore to ensure you have a well stable business sismai vazquez structure, you should consider working with a business consulting expert. You will find many business consultants in the world today, and this explains why choosing the best business consultant to be very hard. You are therefore required to do some research sismai vazquez and have good background information on the business consulting person you should hire. This report will explain some of the things you need to know when choosing a business consulting sismai vazquez expert.

You should consider the level of experience of the business consulting expert sismai vazquez you want to choose. You will need a good level of experience for you to do a certain task in sismai vazquez the correct manner. This is the reason why you should consider choosing a business consulting expert sismai vazquez with a good level of experience. They will have ways on which they can help you in solving your business problems. One of the ways you can know you are working with a business consulting expert with a good level of experience is by looking at the number of years they have been on the field.

The communication skills is a factor which you should consider when choosing a business consulting expert. You should ensure that the business consulting expert you want to choose to have a good communication skill in both the writings and the oral. You should ensure that the business consulting expert you will choose should have the qualities of a good listener. You should ensure that the business consulting expert you will be choosing will have the ability to listen to your problems and help you in solving them.

The cost is another factor to consider when choosing a business consulting expert. You should know that there are different business consulting experts across the world and they have different fees at which they charge for the business consultation services. You should, therefore, make a list of the business consulting experts you may know so that you can compare the rate at which they offer the business consulting services. It is therefore recommended to identify the business consulting who can satisfy your business needs, and the rates are also affordable.

Study: My Understanding of

September 23, 2019

Business Products & Services

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Recycled Cubicles
It is important to make sure that you have the right kind of used cubicles that you can use to arrange your new found office space. If you are starting up an office space, you need to find some Cubicles that will help you arrange your space, and the used cubicles will always come in handy. When setting up a new office space, you need to get used cubicles that can help in arranging the new space. It is important to make sure that you have the right kind of used cubicle that you can use to arrange your new found office space. It is important to make sure that you have the right kind of used cubicle that you can use to arrange your new found office space. It is important to make sure that you have the right kind of used cubicle that you can use to arrange your new found office space.
It is important to make sure that you have the right kind of used cubicles that you can use to arrange your new found office space. If you are starting up an office space, you need to find some Cubicles that will help you arrange your space, and the used cubicles will used work stations come in handy. When setting up a new office space, you need to get used cubicles that can help in arranging Herman Miller Cubicles new space. When setting up a new office space, you need to get used cubicles that can help in arranging the new space. It is important to make sure that you have the right kind of used cubicle that you can use to arrange your new found office space. If you are starting up an office space, you need to find some Cubicles that will help you arrange your space, and the used cubicles will always come in handy.
When setting up a new office space, you need to get used cubicles that can help in arranging the new space. If you are starting up an office space, you need to find some Cubicles that will help you arrange your space, and the used cubicles will always come in handy. If you are starting up an office space, you need to find some Cubicles that will help you arrange your space, and the used work stations will always come in handy. If you are starting up an office space, you need to find some Cubicles that will help you arrange your space, and the used cubicles will always come in handy. When setting up a new office space, you need to get used cubicles that can help in arranging the new space.

Smart Ideas: Revisited

September 17, 2019

Business Products & Services

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Tios When Choosing A Competent Seo Company.
SEO service is essential for your website in the following distinctive ways. First, SEO services enable the website to attract more clients, and this can bring more sales and revenues for the company. When an optimized website is searched over the digital platform, the website will popup first meaning many people will view its content easily.
SEO service also enable the website to be user-friendly for the visitors. SEO services also brings a higher return on investment so if you are seeking a cheap marketing operation, then you must consider SEO services. There are many SEO service providers out there that should be considered for services so research about them. There are three areas where one can find clear and precise details about SEO agencies as outlined in the following context.
All viable and appealing SEO firms have offices and operational stations near you so when you are free, visit them for consultation services. Nowadays, many meticulous SEO service providers are advertising their information over the digital platform so check what they relay on their blog and websites. You also need to check their frequently asked question from their sites for this will enlighten you of their significance and values.
When choosing a noble SEO company, you need to check if they are referred, redirected and recommended to you for service by their past clients. The following factors will guide you in finding a professionally viable SEO service provider that won’t fail you in service so click for more info here. First choose a legitimate and responsive SEO service providers for they are accessible to their customers and offers 24/7 operations. Know also if the SEO service provider booked is trained and educated where they must provide their testimonials and credentials to show this concept.
If one have booked an educated and trained SEO firm, they will be assured of competitive and professional operations rendered by qualified and competent SEO firms. When choosing a remarkable SEO firm, its imminent to prove of their exposure and experience level for this will show they have accomplished many SEO activities for many years. When choosing exposed SEO firm, one will benefit more for such agencies boasts of great prowess, tricks and immaculate tricks about SEO operations.
You also need a high quality-oriented SEO service provider that render thrilling and thriving operations to their customers so view here for more details. You can prove if the SEO agency is successful by checking how they are rated, their track history and if they are received and revered by many people. If the SEO agency is praised, revered and recognized by many people for their worthiness, then prefer and consider them for service.

Tips on Generating More Leads For a Business Website

September 8, 2019

Web Resources

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Starting a small business is a very difficult process. A person will have to figure out how to draw attention to the products and services their new business offers. With all of the competition in the modern business world, finding a way to cut through the noise can be difficult.

While having an appealing and functional website is important for a business, finding a way to optimize a website for lead generation is crucial. If a business owner is having problems getting leads from their website, now is the time to take action. Here are some of the things a business owner can do to turn their website into a lead generation machine.

Putting Contact Forms on Website Pages

Designing a website can be extremely difficult, which is why a business owner needs to reach out to professionals for help. During this design process, a business owner needs to focus on providing consumers with plenty of contact forms. Without these forms, it will be extremely difficult to get information from consumers.

Attaching contact forms to the bottom of the pages on a website can help a business owner get information needed to start email marketing campaigns. Be sure to keep these forms short and to the point to avoid annoying consumers.

Calls To Action Are Important

Having easy to read and informative content on a website is very important. Modern consumers want to be able to identify what a business does and how they can help them with a visit to their website. When creating content for a website, a business owner will need to focus on calls to action.

A call to action will inform the reader about what action the business wants them to take next. These actions can be anything from signing up for a newsletter to putting their information in a contact form. Working with a professional content marketing professional can help a business owner optimize their content for success.

Hiring a Digital Agency to help with this process is a good idea. At the I Digit Group, a business owner can get the help they need. Call them or visit their website for more information.

Where To Start with and More

August 25, 2019

Business Products & Services

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P. S Please return

Microsoft PowerApps are now very essential when it comes to business. In matters to do with business, you definitely need Microsoft PowerApps. If you are yet to invest in Microsoft PowerApps then it is high time you went ahead and did that.They can revolutinize how you do business. They can change the way you do things in matters to do with business. This can be cause a positive change when it comes to carrying out business processes.They are quite a number and once you figure out how they can be of help to your business you need to incorporate them. There are many Microsoft PowerApps and you need to know the ones that will be most helpful for your business so that you can get such. When you are doing your research you will come to realize that there is so much more when it comes to Microsoft PowerApps and it is upon you to decide on the ones that will be beneficial to your company.However, the best way to proceed with this is by getting PowerApps consulting services. Nonetheless, things will work out better if you go for PowerApps consulting services. Even so, you will realize much positive change when you opt for PowerApps consulting services.The professionals who offer these services will guide you through the process so that you can get the best out of it. These professionals are well experienced in this field and they will make sure you get the outcome you desired. As long as you choose great professionals in the field you will definitely get the outcome you wanted because they are that good at their job.They make your work easier because you will not be forging into an unknown territory on your own. In addition, they will ensure everything works well as opposed to doing it on your own when you have no idea what has to be done. On top of that, this option ensures things are done easily because you will not be going into this blindly.You will have a lot of things to do in business and you should not be focusing on things you are not well skilled at. Given the many responsibilities you have as a business person you need to put your focus on that as opposed to struggling with tasks you are not skilled at. You will have a full plate when it comes to business which is why you need to let someone else handle the tasks you are not good at.Also, when you insist on handling something you lack skills at there is a high possibility that you will make a lot of mistakes. Apart from that, insisting on doing things you do not have the skills for means you will mess up a lot. The chances that you will make a mistake if you are not good at a certain task are many which is why you should stay away from that course.This will turn out to be very expensive for you which is why going down that path is the last thing you want. It will be an expensive process which means you are better off letting professionals deal with that. Given how highly this will cost you, ensure you have hired professionals to assist with that.

PowerApps consulting services also ensure you are taking full advantage of these services.There is so much they can do for you but if you are not sure of how to go about it then you will not be exploiting the full potential of the PowerApps consulting services.Instead of fumbling around on your own and taking a lot of time before you can figure that out just let the experts help with that.It will save you much time in the end and it isn’t something to take for granted.Always consider the benefits you will get in the short and long term before you hire any services to determine whether they are worth it or not.Another merit of PowerApps is the time they will save you.Because these professionals know what has to be done and how to do it they will not take much time to accomplish the goals.

In addition, they will let you know how the PowerApps can help your business.Remember that you will utilize these apps differently depending on the field you are in.Instead of finding out what you should have done when it is already too late you can just call the experts.In addition, they offer support services all the time to ensure your business processes are running well all the time.Do not forget about that when you deciding whether to go for PowerApps consulting services or not.They will bring tremendous benefits to your business which you could not have achieved without them.

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Microsoft PowerApps are now very essential when it comes to business. In matters to do with business, you definitely need Microsoft PowerApps. If you are yet to invest in Microsoft PowerApps then it is high time you went ahead and did that.They can revolutinize how you do business. They can change the way you do things in matters to do with business. This can be cause a positive change when it comes to carrying out business processes.They are quite a number and once you figure out how they can be of help to your business you need to incorporate them. There are many Microsoft PowerApps and you need to know the ones that will be most helpful for your business so that you can get such. When you are doing your research you will come to realize that there is so much more when it comes to Microsoft PowerApps and it is upon you to decide on the ones that will be beneficial to your company.However, the best way to proceed with this is by getting PowerApps consulting services. Nonetheless, things will work out better if you go for PowerApps consulting services. Even so, you will realize much positive change when you opt for PowerApps consulting services.The professionals who offer these services will guide you through the process so that you can get the best out of it. These professionals are well experienced in this field and they will make sure you get the outcome you desired. As long as you choose great professionals in the field you will definitely get the outcome you wanted because they are that good at their job.They make your work easier because you will not be forging into an unknown territory on your own. In addition, they will ensure everything works well as opposed to doing it on your own when you have no idea what has to be done. On top of that, this option ensures things are done easily because you will not be going into this blindly.You will have a lot of things to do in business and you should not be focusing on things you are not well skilled at. Given the many responsibilities you have as a business person you need to put your focus on that as opposed to struggling with tasks you are not skilled at. You will have a full plate when it comes to business which is why you need to let someone else handle the tasks you are not good at.Also, when you insist on handling something you lack skills at there is a high possibility that you will make a lot of mistakes. Apart from that, insisting on doing things you do not have the skills for means you will mess up a lot. The chances that you will make a mistake if you are not good at a certain task are many which is why you should stay away from that course.This will turn out to be very expensive for you which is why going down that path is the last thing you want. It will be an expensive process which means you are better off letting professionals deal with that. Given how highly this will cost you, ensure you have hired professionals to assist with that.

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The Best Advice About I’ve Ever Written

August 12, 2019

Business Products & Services

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How Technology Is Applied in Construction

There are lots of changes that have been able to make much progress, and this has been able to make much progress in the construction sector. In the construction industry, for example, there are various aspects of life, and this is essential has changed various things. You find that much in life has been able to make in the construction industry, and this is essential. You find that the process of making it in life will lead to making much progress, and this is very important in making life even better, and it has made a great impact, here are important strategies that you need to verify.

Use of the management software on construction is one thing that has brought about saving of time in a great way. Many construction specialists today are not using the traditional communication method that used to waste time and you were required at the site all day. The new systems have a cloud-based project management software that can offer improved strategies required in making fast communication even when you are away from the site. You will see a notification from various people to enable you to know the right ways that will keep you enjoying great procedures in the right manner.

If you did a good investigation in the constructions department, you are going to realize that there is a very huge difference in terms of technology. With many equipment and tools introduced in the market of construction, this is where the difference is coming in. All of these pieces of equipment are being brought about to aid in efficiency as well as the speed of the contractors when they are doing their projects. Many experts are doing the site work very easily and also working professionally and always on time to deliver their services. When there is sewage work being done, with the help of the hi-tech equipment, the experts can professionally find the horizontal channels.

You are going to realize that there is a similarity between CAD and also blueprint. The industrial designers, as well as the architects, can come up with precise measurements which are normally transferred by blueprint to a digital screen or a paper. In the past, there used to be so much time being spent on blueprint and schematics drawing which took so much time and the experts seated down. The good thing about technology is that it aids in both physical representations and also computations. This kind of printing is going to be useful in both building structures and homes.

Stretch Film Machine

August 8, 2019

Business Products & Services

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double layer stretch film machine
double layer stretch film machine
Automatic Stretch Film Rewinding Machine

 Double layer stretch film machine uses LLDPE as main material and adopts several kinds of resins to manufacture the single/double-side self-sticky stretch wrapping film. The film has good tensile strength,anti-pricking ability and impact strength. Its good shrinking memory function and self-sticky can make goods integrity to prevent goods from loosening and collapsing during transportation and being polluted by dust. The transparency and tensile strength of this product can make the packaging beautiful, economical and practical. The film can be widely used in wrapping of palletized goods. Its a good substitute for hot shrinking packaging film during transportation.   Technical Parameter:
Item/Model KD-500*2 KD-1000*2 Screw diameter(mm) 55*2 65 *2 L/D ratio of screw (L/D) 28:1 28:1 width of die head (mm) 650 1250 Width of finished products(mm) 500(250*2rollers) 1000(500*2rollers) Thickness of finished products (mm) 0.017-0.05 0.017-0.05 Structure of film layers A/B A/B Max output (kg/h) 40 100 Linear speed of machinery (m/min) 10-120 50-100 Total power (KW) 50 140 Overall dimensions (L*W*H)m 6*1.5*2.5 10*4*3 Weight (T)(About) 3 8 Optional Equipment:   1) Auto loader  2) Auto dry hopper  3) Motorize net changer  4) Hydraulic net changer  5) Air shaft  6) gule pump
   
           

CE Certificate

Kingdom Machine co.,ltd team professional produce rotogravure printing machine, blown film lines, blown film extrusion,bag making machine,flexo printing machine,stretch film machine,bubble film machine,recycle machine for over 15 years.

Kingdom Machine co,ltd
Mobile:0086-13088651008 

mobile:0086-13566179950
 kingdombillwang@hotmail.com 

kingdombillwang@yahoo.com 
http://www.gravureprintingmachine.com
http://www.blown-film-extruder.com
Ruian Economic Zone,Wenzhou,China 325200
 Tel.:0086-577-65127709

Fax:0086-577-56848008
Skype:kingdombillwang 

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How Popular Is Prefabricated Housing?

July 28, 2019

Business

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Unlike in the world of human interactions, popularity is equated with quality in the world of technology. The AEC industry is firmly supported by the technological advances of our age, and prefabricated housing is becoming increasingly popular. The emergence of prefabricated or modular construction in the housing industry is an affordable and reliable solution to the challenge of quality housing worldwide. Prefabricated housing, sometimes known as prefab homes, prefabs or modular homes, are manufactured off site in sections, from just bathrooms to entire floors, that can be transported, placed or assembled to form housing units. Prefabricated housing can be independent dwelling units for individual families (houses) or single units which have been stacked on top of each other to form multi-storey housing or apartment blocks. How useful prefabrication is in the housing sector, why it is so and who can deliver services key to accurate prefabrication design are some of the things we will explore.

So, what are prefabricated buildings?

Prefab buildings can be built from components (such as panels), modules (in the case of entire modular homes, houses on wheels) or sections (parts of manufactured homes) constructed off site and transferred to the site when they are ready to be installed. A team of technical experts attach the different services to the building layout. These can include double-storey homes and customised homes. Modular or prefabricated homes can be created in sections and then transported on site to be put together as part of the construction process or installed. Whole rooms, such as bathroom pods or kitchens, can be created in a factory setting as prefabricated units. Steel frames can be erected on site to ‘slot’ in the prefabricated units or entire concrete foundations can be laid into the ground in readiness for the new home to arrive. Financing, construction and appraisals of these homes are carried out in the same way as for regular homes. Prefabricated houses can also be assembled on production assembly lines, which are transferred in complete sections or floors to the site, where these complete home units are connected floor by floor and then also connected to the location’s main water supply, sewage system and electrical lines.

How are they constructed?

They are usually constructed in factories that are some distance away from the actual housing site, indeed they could be in a different country. These purpose-designed factories effectively consist of assembly line environments, where different elements and trades come together at different stages of the assembly line to add the various components to the building. Starting with floors, walls and ceilings, the structure moves along for internal fixtures and MEP elements such as piping, plumbing, boilers, bathrooms and entire kitchen fittings, before being moved across to finishing areas such as glazing, doors, electrical fittings and even bathroom tiling. Once the house is assembled, it passes through final QA checks before being handed over to logistics teams for transport to its permanent site.

Plumbing and electrical lines are connected to the city’s water and electrical connections and the prefabricated sections are sealed. Prefabricated homes can have a number of rooms and be of different designs. These homes can be set on a permanent foundation, blending in seamlessly with other regularly constructed homes. Repairs on the homes are conducted by the real estate company involved in its sale.

During the settling-in time period, a prefabricated home ‘settles’ in to the location, after which some cracking of the drywall could occur. Appliances that were incorrectly installed can be repaired by changing the wiring or plumbing, and the ventilation, heating, cooling, plumbing and electrical systems can be properly installed by a set-up crew.

One of the driving forces behind a successfully assembled and reliably functioning prefabricated home is the effectiveness of its design. Increasingly, architects, engineers, contractors and trade contractors use BIM (Building Information Modelling) construction drawings at some point as part of DfMA (Design for Manufacture and Assembly). DfMA is a design process that groups the design for manufacture, or the ease with which parts will be made for a product, with the design for assembly, which refers to the ease with which parts will be assembled. DfMA helps the design team reduce manufacturing and assembly costs by identifying, analysing and removing waste and inefficiency from a product’s design. DfMA modelling and drawing is fast becoming synonymous with design for prefabrication.

Construction drawings, or shop drawings, graphically illustrate the details, data and specifications of a prefabricated design, contain information about the MEP (M&E) systems and include the details of prefabricated components. BIM technology is part of the larger virtual design and construction (VDC) process that helps find solutions to challenges faced by subcontractors and designers before building prefabricated components in the factory.

Advances in technology have made it possible and indeed preferable to outsource the delivery of BIM services such as modelling and drafting. Outsourced firms specialise in delivering drawings and models quickly, using the latest software, such as Autodesk 3ds Max, Autodesk Revit, Autodesk Navisworks and others, and by employing well-qualified experts. Modular construction drawings provided by these CAD drafting firms are typically accurate and error-free.

Prefabricated construction has reportedly been used in the world’s tallest building, the Burj Khalifa, in Dubai and in the construction of the prestigious Sydney Opera House.

Advantages of Prefabrication

  • Faster completion of projects, therefore reducing costs
  • Diverse uses – can be used to create high-rises, single-storey construction, villas, townships, as well as to create ceiling slabs, terrace blocks, wall panels, columns, staircases, bathrooms, light fixtures, etc.
  • Customisation – unique property specifications can be accommodated easily, resulting in reduced expenses
  • Durability – prefabrication in the structural aspect of construction bolsters structural strength, sometimes helping to withstand earthquakes and other natural disasters. Concrete panels are created with elements of high quality in a controlled factory environment and therefore last longer.
  • Well suited for certain sectors that have repetitive design elements, such as student housing, educational institutions, healthcare facilities, prisons, police stations and senior housing.
  • Increased and more efficient quality control in factory settings
  • Safer and less stressful working environment for labourers in a factory than on site, especially in crowded areas, as on-site dangers are eliminated for workers
  • Less on-site space is required to assembly components which have already been assembled off site
  • Less waste is generated during construction, since prefabricated component waste is disposed of at the factory and not transported to the site
  • Competitive edge – allows flexibility in design decisions till the nth moment
  • Saves space – housing can be built in cramped spaces in tight schedules and take up less space

Modular construction in the housing industry has expanded its scope for buyers and builders. Buyers have more options to choose from and builders have more build options for construction, changing the overall construction landscape. Projects see MEP contractors use an increasing number of modular construction plans during collaboration. Prefabricated construction is more affordable and more green, since such buildings are better sealed against drafts and there is improved quality control systems in factories, thus leading to improved insulation and better energy efficiency. This will ultimately benefit neighbourhoods and residential and commercial projects.

The various advantages of using prefabricated housing can only be enjoyed when the DfMA modelling and drawings are flawless. Since this demands considerable time and resources, an increasing number of Western firms are looking overseas for their prefabrication design services.

Benefits of Outsourcing Prefab Design Services

  • Cost reduction, since skilled labour and expenditure on resources overseas is significantly less expensive
  • Use of advanced tools and technologies, such as AutoCAD and Revit, by experienced and well-qualified human resources
  • Standardisation of drawings across projects, so that MEP installations and other services are made easier
  • 3D axonometric drawings of the entire construction project are generated, showing methods and means by which individual subcontractor components or systems can be placed in the project
  • Skilled draftsmen and other technical professionals work faster, maintain accuracy, provide complete audit trails with drawing references, approval records
  • Faster turnaround time, since overseas firms employ ready and dedicated teams of trained personnel capable of working to constantly changing specifications, helping to complete projects on schedule
  • Increased flexibility, as outsourcing allows Western firms to pick and choose services according to need. The flexibility thus generated helps expand the business.

Outsourcing prefabrication design services is thus an increasingly popular option, and this approach will save time, increase productivity, ensure higher safety levels and increase profits. Using Revit, AutoCAD and other software to create modular construction drawings and models helps provide high-quality prefabricated design support for Western firms in the industry.

Construction Bonding

July 28, 2019

Business

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To provide an expert’s view on construction payment and performance surety bonds, I sat down with Ellen Neylan, the owner of Surety Bond Associates, a WBE surety bond agency and consulting firm that provides specialty surety services to small, minority women and veteran owned contractors.

Often projects presented accompany a bonding requirement – too many times this is seen as an automatic disqualifier to an unbonded GC. Ellen stressed the abundance of options out there, and the importance of differentiating all risk reduction instruments from viable alternatives.

Many GCs are working with their insurance agencies to tackle bondability needs without realizing surety agents are their own specialty that add a different, more precise value. Ellen explained to me the contrast between a surety bond and subcontractor default insurance (SDI), two concepts that can be easily confused. In almost all cases, SDI is very inferior to surety bonding. Surety bonds exist to protect taxpayer dollars and a general contractor’s organizational health, while SDI serves to allow a GC to default subcontractors quickly with no payment protection downstream for anyone. High deductibles are associated with it – and since there is no qualification process to gain this protection, it is much more of a high-risk instrument.

Along with the confusion of bonds and SDI seeming interchangeable, comes a misinterpretation that bonds and insurance in general are comparable. I’ve previously heard the phrase that “Bonds are not insurance-they’re a credit instrument” and Ellen confirmed that in her Bonds 101 workshop, this is an idea that’s represented as fact.

Even though insurance companies can provide bonds, contractors have to qualify for bonding, which makes it quite different than insurance. Anyone can buy insurance if they can afford it, however bonds require an in-depth qualification process that fully vets a firm.

Prior to my conversation with Ellen, I read that many bonding professionals sum up their evaluation of a contractor with the use of “the three c’s: character, capacity, and capital” – and I was interested to hear if this captured her interpretation of the GC review scope. She emphasized that those are definitely the main ideas, however the importance of each area isn’t quite weighted equally in thirds.

The surety typically puts 70% emphasis on financial strength. For the capacity consideration, the contractor’s experience with project management and portfolio of work shape their rating. Some factors that are evaluated include:

– Staff resumes
– Typical project valuation “sweet spot”
– Scope of work
– References with subcontactors, suppliers, and banks

When evaluating the character review, this is a bit more challenging. Ellen rightfully mentioned that you don’t really realize a contractor’s true colors until there’s an issue. Since surety bonds are essentially a partnership between the surety and the contractor, the surety has to feel comfortable that the contractor can help them resolve any problems and deliver on promises. Project success is largely tied to a GC working with the surety so that they don’t have to file a loss.

So once you’ve taken the steps to become bonded – what is required for a firm to take steps to grow that bonding capacity?

Much of growing bonding capacity involves not taking on jobs that are too large for your company’s bandwidth. Preserving as much cash in the company and tightly managing it alongside accurate job cost accounting systems is key. A great CPA is critical to keeping a company in line financially. Surety companies look for detailed financial statements because the accounting needs of construction are very unique from other industries. Building that team of a solid CPA, surety agent, and bank is a powerful trio.

Payment and performance surety bonds can seem confusing, however with a bonding expert’s guidance, contractors are able to realize their full potential and not have to lose out on opportunities from lack of bonding. There are plenty of resources available for organizations looking to become bonded, and a “dead end” is far from how a bonding stipulation should be perceived.

About the Interviewee, Ellen Neylan:
Ellen Neylan is the founder and sole owner of Surety Bond Associates. Ellen is a surety veteran with over twenty-five years’ experience in the surety industry, holding positions with several major surety companies fulfilling a variety of underwriting, management, and operations, business and product development roles. Ellen has lectured diverse audiences on surety principals and underwriting disciplines, and is an active member of the PA and NJ Chapters of the Surety and Fidelity Association of America.