Sureties look for contractors with strong financials, disciplined management, and consistent profitability. Clean financial statements, accurate work-in-progress (WIP) reporting, and solid internal controls often matter as much as job history when a surety decides how much capacity you can support.
Key ways to increase capacity:
- Strengthen your balance sheet by retaining earnings and managing debt
- Provide timely, CPA-prepared financials with accurate WIP and job costing
- Manage backlog so you don’t overextend your team or your cash flow
- Show a track record of on-time, on-budget completions
- Tighten safety, contract terms, and subcontractor controls to reduce risk the surety is underwriting against
How Liberty helps: We build these pieces into a bonding strategy, match you with the surety markets suited to your profile, and push for capacity increases ahead of major bids — so bonding never becomes the reason you can’t chase a job.