Joint Presentation by NASBP and Cygnus Construction Group Offers Guidance to Small, Emerging Contractors–Now available as free webinar

Cygnus Business Media’s Construction Group and NASBP leaders jointly presented a webinar on the topic of “How Contractors Can Become More Bondable.” Speakers for the July 8 webinar included the following NASBP officers, J. Spencer Miller, NASBP President and President of Schwartz Brothers Insurance Agency Inc., John Rindt, NASBP First Vice President and Executive Vice President of JDW Insurance, and Todd Loehnert, NASBP Immediate Past President and Senior Vice President, Bond Manager, and Co-chair of the National Surety Practice Group for Wells Fargo Insurance Services. With more contractors considering bonding for the first time, the two entities chose the topic to provide guidance to small, emerging contractors considering obtaining surety credit for the first time.

The NASBP leadership described “building blocks” of suretyship, bonding fundamentals, types of surety bonds, and how to obtain surety bonds. They explained the benefits of bonding, the current market trends, and how to survive and flourish in the current economy. All three NASBP bond producers provided resources throughout the presentation and shared real-world anecdotes. The presentation emphasized that a construction company’s relationship with the bond producer and the surety is the key to success. Access the audio archive from For Construction Pros for free by clicking here.

To access the PowerPoint only from the presentation, click here.

Sam Simon web editor and video producer of Cygnus Construction Group knew the webinar would be popular because of its relevance to contractors that are seeking more work and realize the benefits of obtaining surety credit. Simon said, “Cygnus’s keen understanding of the U.S. construction market combined with the knowledge and expertise of the three NASBP bond producers created a valuable educational seminar describing the steps to prequalification, benefits of a surety bond, and resources for obtaining surety credit.”

Simon said the Cygnus Construction Group audience consisted of about 60 listeners who represent businesses of all sizes interested in and that can benefit from the opportunity to grow and enter the bonding market. “Our audience is primarily made up of commercial construction professionals (owners, executives, managers, etc.),” he said, adding, “We cater to several niches including heavy/highway road building, concrete and pavement (driveways, parking lots, small roads). The majority of our audience would run what could be considered as a small to mid-sized business. We do have some larger companies who handle the multi-million dollar projects.”