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    by Tony O. Lawson A construction firm’s growth ceiling is often determined by bonding capacity: the amount of work a surety company is willing to guarantee on a contractor’s behalf. That capacity determines the size and number of public and institutional projects a firm can pursue at any given time. A contractor can have the experience, relationships, and workforce to execute a $50 million airport project and still be unable to bid because its bonding capacity falls short of the owner’s requirements. Bonding capacity rarely exists in isolation. Sureties also evaluate a contractor’s balance sheet strength, working capital, management depth,

    The post How Two Black-owned Construction Firms Chose Acquisition to Accelerate Growth appeared first on SHOPPE BLACK.

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