Below you'll find a list of all posts from 2019
Zaxby’s in the South Riding area has announced their grand opening will be Monday September 16! This is the first Zaxby’s in the DC market. Get all the details here. CBI congratulates Zaxby’s on their successful launch in the DC area! It’s an honor to be a part of this exciting venture.
Edin Zukanovic (pictured on right), Bond Agent, Construction Bonds, Inc., presented at the Virginia Department of Small Business & Supplier Diversity and Hampton Economic Development program on August 16th at Sandy Bottom Nature Park Conference Center. His presentation, Bonding: What it is & how to optain it, included many topics with information on how to start and maintain a successful …
Nebiyou (Neb) Aynu, Surety Bond Producer, Construction Bonds, Inc., presented “Bonding 101” at the Office of Minority Business Development for the City of Richmond, VA on Tuesday, August 13th at Southside Community Service Center. The presentation covered what a bond is, why one is needed as well as how to obtain one.
Construction Bonds, Inc. joined the Prince George’s County public shool for the “Public-Private-Partnership” (P3) 101 Workshop to learn more about upcoming school projects. The workshop covered valuable information including: What is a P3 project? How does it differ from traditional PGCPS projects? How to maximize WBE / MBE contracting opportunities. What is the PGCPS’ P3 process and time for WBE …
Having a website for your construction company is a must, but many contractor websites are poorly built and riddled with mistakes, rendering them largely ineffective. The following covers the 10 most common mistakes being made on contractor websites and advice for how to fix them. Read them here >>>
Large overbillings or underbillings can be an indication of problems that could jeopardize the stability of a contractor’s bond program. Generally Accepted Accounting Principals (GAAP) state that to be accurate, the best way for a contractor to report earnings is most often on the Percentage of Completion (POC) method of accounting. This method ties together what the contractor actually earned, …
Great turnout for the US Department of Transportation Bonding Education Program in partnership with The NC Institute of Minority Economic Development and FAM Construction, LLC at Fairfax, VA. This three-day program was filled with great information on how to obtain and increase bonding. One firm came to learn about the process and left with the potential to obtain over $1 …
Cost overruns are a common occurrence in the construction industry. It’s far too easy at the mid-point of any project to misjudge billing against the actual status of the project. That’s where the Work in Progress (WIP) report comes in. The work in progress (WIP) report or WIP schedule is one of the most important reporting mechanisms in the construction …
Construction Bonds, Inc. (CBI) was a participant at the Hampton Roads Annual Grow Sales Small Business Conference, Hampton, VA, last week. The half-day conference of workshops was focused on the basic elements of government contracting, the procurement process, marketing strategies, financing management, access to capital and other great topics to provide business owners guidance to take their businesses to the …
When the federal government funds a project, that gives it the right to step in and protect its interests. In another case also involving concrete, the DOJ settled a civil lawsuit against Pennsylvania-based Universal Concrete Products Corp. and its co-owner and president back in January amid allegations that the company falsified test records for concrete panels furnished during construction of …
