Surety Blog

Always Know Your Break-Even Point

Maximize your profit by regularly checking your ever-changing break-even point.  Indeed, as the construction market changes, you’ll want to manage your break-even point, or it could come back to haunt you - Big Time!  Your break- even point is figured by dividing your Total Fixed Expenses by your Gross Profit Percentage.  Thus, if your fixed [...]

By |2013-10-29T14:10:47-04:00October 29th, 2013|Surety Blog|Comments Off on Always Know Your Break-Even Point

Banks Are Easing Lending Conditions for Commercial and Industrial Loans

According to a recent report from the Fed, banks have been easing their lending standards and are experiencing stronger demand in most loan categories in the past three months.  About half the respondents reported stronger demand for commercial real estate lending.  This is good news in light of the spike in market interest rates after [...]

By |2013-10-24T12:56:46-04:00October 24th, 2013|Surety Blog|Comments Off on Banks Are Easing Lending Conditions for Commercial and Industrial Loans

Bad Time to Have a Bad Job

You may desperately need work, but be careful to avoid bad work.  You don’t need to be kicked when you are down.  When margins are thin for all the contractors, it is very easy to pick up bad work.  It is also very easy to pick up bad work when the owners (public or private) [...]

By |2013-10-22T18:46:28-04:00October 22nd, 2013|Surety Blog, Uncategorized|Comments Off on Bad Time to Have a Bad Job

Fin 46, the Ugly Gift Enron Keeps Giving You

The ingenious folks at Enron used hundreds of dummy corporations which no one seemed to own, to avoid taxes and hide boatloads of debt.  The Federal Accounting Standards Board (FASB) came up with FASB Interpretation Number (FIN) 46 to avoid this problem in the future.  This is a complicated economic test of related corporations to [...]

By |2013-10-17T14:49:15-04:00October 17th, 2013|Surety Blog|Comments Off on Fin 46, the Ugly Gift Enron Keeps Giving You

Disappointing Jobs Numbers In July Might Force Fed to Continue Quantitative Easing

We only gained 162,000 jobs in July.  Unemployment dropped to 7.4% but that was largely from frustrated people giving up on even trying to find a job.  According to the government, you aren't unemployed unless you are actively seeking work.  For some reason, the Fed is apparently more interested in this unemployment rate than total payroll numbers.  Thus, [...]

By |2013-10-15T14:20:38-04:00October 15th, 2013|Surety Blog|Comments Off on Disappointing Jobs Numbers In July Might Force Fed to Continue Quantitative Easing

New Construction News: Disney Will Double the Size of Downtown Disney by 2016.

Does anyone remember that quaint, cute little shopping area once known as Lake Buena Vista Shopping Village?  It was a quiet evening to stroll through the shops, have an ice cream cone, and look at Legos.  My, how time has changed.  In 1986, Disney built Pleasure Island to compete with downtown Orlando clubs, and later [...]

By |2013-10-08T16:05:07-04:00October 8th, 2013|Surety Blog|Comments Off on New Construction News: Disney Will Double the Size of Downtown Disney by 2016.

Missing out on projects because your bonding capacity is maxed?

In today’s bonding market, many surety companies are tightening up their underwriting considerably, and are extending less surety credit than ever before.  They are less willing to stretch, even when it makes sense.  Florida Surety Bonds has strong relationships with the best surety companies and represents over 600 contractors throughout Florida.  Our team is focused [...]

By |2013-10-03T14:07:31-04:00October 3rd, 2013|Surety Blog|Comments Off on Missing out on projects because your bonding capacity is maxed?

The Winning Edge is often an Intangible we call Heart.

    You've gotta have heart! Your prospective bond agent can have experience, fancy cars, technical skills, equipment, pricing, computers, fancy software, and more.   The bonding agency can represent over 30 surety companies, over 600 contractors, and have a couple of offices around the state.  You can have all of that, but what you need [...]

By |2013-10-01T14:06:43-04:00October 1st, 2013|Surety Blog|Comments Off on The Winning Edge is often an Intangible we call Heart.

Need a Bond Under $750,000?

  There are several fine sureties that can provide a bond for you under $350,000 if you have clean personal credit.  No need for expensive CPA statements or all the other paperwork sureties normally require.  If you are looking for standard bonds under $750,000 and have good credit, there a couple sureties that could consider [...]

By |2013-09-26T14:55:33-04:00September 26th, 2013|Surety Blog|Comments Off on Need a Bond Under $750,000?

Florida Now Prohibits Driving While Texting, E-Mailing, or Instant Messaging

Effective October 1st, 2013, it will become illegal to operate a motor vehicle while using a wireless communication device for non-voice communication.  This does not apply to a car that is stationary and is not being operated.  It also does not apply to a driver of a police car, ambulance, or firetruck.  It also does [...]

By |2013-09-24T14:00:50-04:00September 24th, 2013|Surety Blog|Comments Off on Florida Now Prohibits Driving While Texting, E-Mailing, or Instant Messaging
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