Beyond the Glass Ceiling

There is a glass ceiling in contractors bonding and maybe you have hit it. This is both an obstacle and an opportunity. Let's look at both. We offer expedited bid and performance bond programs to cover contracts that are not excessively large, complicated or difficult. A size example would be a contract for $250,000. In this discussion we will assume that this is the maximum size bond available in the program. Glass Ceiling If the contractor is bidding a job for approximately $250,000, there may be instances where the final estimate comes in higher. However, if the program has a $250,000 maximum contract amount it cannot be used for a dollar more. How can the contractor solve this dilemma? If their estimating produces a bid amount of $265,000, do they pass up the opportunity or reduce their price to $250,000 in order to obtain the bond? b4tTUs4K
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