Construction Leader Joseph Natarelli authored an article for Construction Business Owner, discussing what’s in store for construction in 2023.
Construction Business Owner
By Joseph Natarelli, National Construction Industry Group Leader
Excerpt:
Construction firms can take some preliminary steps to stand out as BBB-funded projects begin going out to bid. First, tighten up that balance sheet. To compete for public work, it’s essential that a contractor has working capital and equity. Next, start making smart moves to maximize your bonding capacity. The higher value the project, the more you’ll rely on your bonding partners to qualify to get the work.
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