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Financial Statement Basics for Construction Companies

As outlined in CSBA is like Financial Rebar, CSBA helps clients expand profit opportunities by strengthening their bond programs. Through powerful surety support, CSBA has helped construction companies expand markets, stabilize operations, avoid pitfalls, boost volume, and increase profits. At the foundation of that strength are your financial statements. Why Financial Statements Matter The most

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Understanding Surety Claims, Disputes, and Risk Management for Contractors

In the construction industry, disputes, delays, and payment issues can quickly escalate into bond claims if they are not handled carefully. Understanding how surety claims work and how contractors can protect themselves is critical for avoiding costly mistakes and preserving business relationships. We recently spoke with a surety claims attorney about her thoughts on common

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Construction Accounting Methods

In this educational video, Dan Huckabay of Commercial Surety Bond Agency (CSBA) explains how different construction accounting methods; specifically Cash Basis, Accrual Basis, and Percentage of Completion (POC), drastically impact the revenue and profit reported to your surety. Many contractors struggle with timing distortions found in cash and accrual accounting, which can inaccurately show significant

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How to Close Out a Site Improvement Bond: Steps and Requirements

For developers and property owners in California, securing a site improvement bond is a standard part of the project kickoff. However, knowing how to efficiently close out that bond is equally critical. Failing to properly exonerate a bond can lead to unnecessary premium costs and lingering liability long after the physical work is complete. Here

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How to Handle Existing Improvement Bonds When Selling a Property

For developers and property owners, selling a property with active site improvements requires careful planning. A common misconception is that selling the land automatically transfers or cancels the existing surety bond. This is not the case. If you are listing a property with an open site improvement bond, understanding the transfer of liability is critical

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Contact Commercial Surety

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