This week on The Profitable Contractor, we’re discussing Job Costing for Bonds: Why and how?
A Joint Venture is a combination of two or more persons coming together to carry out a single project or series of projects where the joint venture partners combine items such as property, money, skill, and knowledge.
Your financial board of directors is your group of professionals that you use to help you measure risk and track profit.
Getting a surety bond is easy if you have good credit and the bond requirement is small.
Whatever your construction trade, the ability to obtain bonds open doors to new projects and work relationships.
If you are bidding commercial non-residential work, eventually you will be required to provide a bond.
What if the traditional view of determining your profit is wrong? What if there’s a better alternative – such as taking your profit first, instead of last?