Ion bonding capacity measure crossword3/21/2023 ![]() Physical resources - Does the contractor have the right equipment and labor force to handle this new project and the existing backlog of work? The question of labor has become increasingly relevant as the industry struggles to maintain a skilled labor force. A surety is not likely to offer routine support for a $10 million dollar project if the largest successfully completed project was only $1 million. In addition, as a contractor takes on more projects the importance of the other factors such as financial strength, cash flow, organization, and managerial experience becomes magnified. Being able to demonstrate a successful track record for similar types of projects is very reassuring to the surety. Past performance / experience - A contractor’s past experience is vital. ![]() Regular analysis of the work in process can help contractors and other decision makers (surety company, bank, etc.) identify areas of success and issues of concern that can be addressed prior to project completion. It can be a powerful tool to reveal inefficiencies in construction operations and to better understand company performance and factors affecting profitability. A continuous focus on collecting receivables is critical to successful operations.Ĭurrent work on hand – This report, more than any other, provides a snapshot of the performance of a contractor. Cash flow allows the contractor to support the costs for insurance, bonding, labor, materials and overhead until receipt of the first contract payment. Cash flow is another critical measure affecting capacity.
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