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Sell a Construction Business for Maximum Value: Financial Preparation Guide
A construction company owner recently told us his business sold for 40% less than he expected. Not because revenue was weak. Not because the margins were thin. Because his financials were a mess and buyers couldn't trust the numbers. This story is far too common in our industry. Owners spend 20 or 30 years building profitable operations, then leave hundreds of thousands of dollars on the table because the books weren't ready for scrutiny. If you're planning to sell your const
Mar 206 min read
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5 Ways to Prepare Your Financials for Construction Bonding Approval
Securing a construction bond, especially for public or large private projects, requires accurate financial documentation. Surety bonds protect project owners by ensuring contractors fulfill their obligations. Bonding companies evaluate your financial stability, experience, and track record to assess your capacity to complete the project. Contractors with strong financials receive better bond terms and lower premiums, typically ranging from 1-3% of the contract value. Proper f
Sep 18, 20244 min read
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