Contract & Commercial Surety Bonds

Time : 06:00 pm – 08:00 pm

Location : Gaines Park Community Center, 1501 N. Australian Avenue, West Palm Beach, FL 33401  

Bonding is a crucial part of a contractor’s success. This workshop is designed to demystify the barriers to bonding and develop a foundation to empower contractors to establish or expand their surety line.

Participants will…

• Understand the Three C’s of Surety: Dive deep into the core principles that determine bond eligibility.

• Gain Insight into the Bond Qualification Process: Navigate the process and requirements to qualify for a bond.

• Explore Credit Worthiness: Learn how your credit profile impacts your surety line and strategies to optimize it.

• Grasp the Importance of Indemnification: Decode what indemnification guarantees and why it’s a crucial component of the bonding process.

• Discover Creative Ways to Get Bonded: Explore unconventional yet effective strategies to secure your bond, tailored to various business situations.

If you are ready to establish your first bond or expand your current bonding capacity, please register today.

Building a Better Banking Experience

Time : 06:00 pm – 08:00 pm

Venue : Virtually Via Zoom

(You Must Register to Attend)

Establishing a strong relationship with your financial institution is important, but maintaining that relationship is just as critical. Bankers are key strategic partners, helping contractors cultivate best practices to increase their working capital through financing and lending options.

Participants will…

• Leverage Lines of Credit: Delve into the nuances of how to efficiently use your line of credit to bolster your bonding capacity.

• Industry-specific Lending Options: Navigate the myriad of lending opportunities tailored specifically for the construction industry.

• Strategies for a Superior Banking Experience: Equip yourself with actionable strategies to make your interactions with banks more productive and beneficial.

• Bank Credit Rating Mastery: Learn the best practices and strategies to cultivate a robust bank credit rating, opening doors to more financial opportunities.

Building Additional Capacity

Time : 06:00 pm – 08:00 pm

Venue: Virtually Via Zoom

( You Must Register to Attend )

Bond capacity is a fundamental metric for contractors looking to grow their business and take on larger, more complex projects. A contractor’s single-job bond capacity impacts their ability to bid on projects within the public and private sectors. 

Participants will…

• Credit Health Monitoring: Master the tools and best practices to regularly monitor, maintain, and enhance your business credit score, keeping it pristine and ready for action.
• SBA & Capacity Enhancement: Harness the power of the Small Business Administration’s offerings tailored for entrepreneurs aiming to magnify their operational capacity.
• Business Credit Essentials: Understand the fundamentals of business credit, its implications, and its pivotal role in scaling and seizing bigger opportunities.

Estimating & Bidding 

Time : 06:00 pm – 08:00 pm

Venue: Virtually Via Zoom 

(You must register to attend)

It’s no secret that estimating has traditionally been a major pain point for most firms. Contractors can land or lose a project based on their ability to know their numbers. Understanding the complexity of estimating increases a contractor’s ability to become more competitive in the bidding process.

Participants will…

• Understand Construction Estimation: Dive deep into the strategies and tools that ensure accuracy and precision in construction estimates.
• Bidding Pitfalls & Management: Identify common errors in pricing and cost management that can be potential roadblocks to winning bids.
• Strategies to Strike a Balance: Adopt practices that ensure you neither overbid, potentially losing out on opportunities, nor underbid, risking profitability.

If you are ready to establish your first bond or expand your current bonding capacity, please register today.

Building Robust Construction Teams with DISC

Time : 06:00 pm – 08:00 pm

Venue: Virtually Via Zoom

( You Must Register to Attend )

In the dynamic world of construction, the strength of a project isn’t just in the materials used but in the team that brings it to life. By harnessing the power of the DISC assessment, construction leaders can delve deep into the behavioral nuances of their crew, ensuring each member is in the role where they shine brightest. Let the DISC framework guide your recruitment and team management strategies, ensuring your projects are always built on a foundation of excellence.. 

Participants will…

• Strategic Recruitment: Leverage DISC insights to attract and onboard candidates best suited for the construction challenges ahead..
• Craftsmanship & Character: Understand the behavioral styles of each team member, aligning skills with project needs.
• Boosted Morale & Productivity: Celebrate the unique value each DISC profile brings, nurturing a motivated and cohesive team
• Adaptive Leadership: Modify your leadership approach on-site to cater to the diverse behavioral styles of your crew.

Accounting: Your Financial Roadmap

Time : 06:00 pm – 08:00 pm

Venue: Virtually Via Zoom

( You Must Register to Attend )

One of the most important aspects of running a successful construction firm is understanding the process of keeping good accounting records and producing quality financial statements. Having a firm grasp on your financial roadmap enables contractors to increase their bonding capacity and positions them to pursue additional funding.

Participants will…

• Cash vs. Accrual: Decode the fundamental differences between accrual and cash-based statements and determine which is apt for your business.

• Intro to QuickBooks: Familiarize yourself with one of the most popular accounting software options and harness its capabilities for your construction business.

• Working Capital Wizardry: Unveil the strategies and tools to determine your working capital effectively, paving the way for financial strength and resilience.

• Construction Accounting Best Practices: Discover the tried-and-true best practices specific to the construction industry that help streamline operations and foster financial growth.

Graduation

Time : 06:00 pm – 08:00 pm

Location : Gaines Park Community Center, 1501 N. Australian Avenue, West Palm Beach, FL 33401 

Contractors will produce a bonding blueprint with benchmarks and performance targets that will help them obtain additional surety capacity. Coaching and accountability will be provided to ensure that contractors complete the necessary task to reach the benchmarks and performance targets based on the bonding blueprint provided.