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Bonding Pitfalls and How to Avoid Them – Real Case Studies
Manage episode 457238031 series 3314227
Contractor Success Forum에서 제공하는 콘텐츠입니다. 에피소드, 그래픽, 팟캐스트 설명을 포함한 모든 팟캐스트 콘텐츠는 Contractor Success Forum 또는 해당 팟캐스트 플랫폼 파트너가 직접 업로드하고 제공합니다. 누군가가 귀하의 허락 없이 귀하의 저작물을 사용하고 있다고 생각되는 경우 여기에 설명된 절차를 따르실 수 있습니다 https://ko.player.fm/legal.
Getting bonded as a contractor can feel like navigating a maze. Join Wade Carpenter and Stephen Brown of McDaniel Whitley Bonding and Insurance in part three of our series on contractor bonding. This episode dives into real-life case studies to uncover valuable lessons for getting bonded successfully.
Learn about the challenges of single large clients, territory issues, experience factors, high turnover rates, unstable project pipelines, high operating expenses, and specialized high-risk projects. Tune in for expert insights and practical advice to enhance your bonding process.
🚨 Apply to beta test Wade's Profit First for Commercial Construction system (for FREE!)
Subscribe for weekly construction finance tips: https://www.youtube.com/@CarpenterCPAs?sub_confirmation=1
Topics Wade and Stephen cover on this episode:
- 00:20 Welcome to the Contractor Success Forum
- 00:41 Understanding Case Studies
- 01:10 Challenges with Single Large Clients
- 02:24 Experience and Reputation in Bonding
- 04:36 High Turnover and Its Impact
- 06:28 Backlog and Project Pipeline
- 08:07 Subcontractor Bonding Issues
- 09:30 Financial Planning and Overhead
- 13:56 High-Risk Projects
LINKS
🚨 Apply to beta test Wade's Profit First for Commercial Construction system (for FREE!)
Visit the episode page at https://carpentercpas.com/getbonded3 for more details and a transcript of the show.
Join the Profit First for Construction community!
Find all episodes and related links at ContractorSuccessForum.com.
Join the conversation on our LinkedIn page: https://www.linkedin.com/company/CarpenterCPAs
FIND US ONLINE
Wade Carpenter, CPA, CGMA | CarpenterCPAs.com
Stephen Brown, Bonding Expert | SuretyAnswers.com
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