The National Association of Surety Bond Producers (NASBP) hosted a virtual seminar presented by Marty McCarthy, CPA, CCIFP last week. During The Road Ahead: What Sureties Need to Know to Work with Contractors in 2021, Marty explored what markets are expected to expand and contract so surety agents can better understand and assist their clients. Backlog, overhead, labor, and material costs will all have a significant impact on a contractor’s productivity and profitability.

Bonding capacity in markets where jobs are delayed due to government regulations and Personal Protection Equipment (PPE) requirements was also addressed. Participants walked away with a clear understanding of the challenges contractors face in the era of COVID-19 and how sureties can deal with the instability caused by the pandemic.

NASBP is making the recording of this virtual seminar available to you at no cost. Feel free to log in at:

Virtual Seminar Link - https://learn.nasbp.org/p/RoadAheadSuretiesContractors2021

Click here to download the handbook.

We hope that you find this virtual seminar insightful. Feel free to contact any member of our team at (610) 828-1900 (PA) or (732) 341-3893 (NJ) with questions. Rich Higgins, CPA, managing principal – New Jersey office can be contacted at Richard.Higgins@MCC-CPAs.com. I can be reached at Marty.McCarthy@MCC-CPAs.com. As always, we are happy to help.