Zaxby’s Announces Sept. 16 Grand Opening In Loudoun

Denise Gillin Uncategorized

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.

CBI Presents Bonding Workshop

Denise Gillin Uncategorized

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 …

CBI Particpates in Public-Private-Partnership 101 Workshop

Denise Gillin Uncategorized

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 …

The Over and Under of Contractor Billings

Denise Gillin Uncategorized

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, …

CBI At US DOT Bonding Education Program

Denise Gillin Uncategorized

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 …

Avoid Cost Overruns With Work In Progress Reports

Denise Gillin Uncategorized

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. Participated in “Building Blocks for Business Success”

Denise Gillin Uncategorized

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 …

Bridge maintenance contractor sentenced to 18 months…

Denise Gillin Uncategorized

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 …