A quick guide on preparing for this year’s Surety focus.

As we embark on another round of preparing construction contractor year-end financial statements, we expect Sureties to focus on and have serious discussions about the following:

• Material pricing and availability
• Material pricing within long-term fixed price contracts
• Risk management of fixed price contracts in an inflationary environment
• Profitability
• Cash Flow
• Collection of Receivables
• Underbilling
• Management of interest-bearing debt in an increasing interest rate environment
• The Balance Sheet effect of the new Lease Accounting Standard (ASC 842)

At Platzer & Company we anticipate these types of questions “in advance” and make sure you are prepared for these conversations with your bonding agent and surety underwriter. We are experts in preparing financial statements for bonding and prequalification and know exactly what job schedules and disclosures are required.

So have your ducks in a row in advance!

About Platzer & Company, P.A.

We are not a typical CPA Firm. Our flagship service is the role of Most Trusted Business Advisor. We find this future-focused service is sorely needed in the construction industry. This is critical to your future success!