Archives for October 2014

Relay for Life

According to the American Cancer Society's Relay for Life website, the Relay for Life started in May 1985, when Dr. Gordy Klatt walked and ran for 24 hours around a track in Tacoma, Washington, ultimately raising $27,000 to help the American Caner Society fight the nation's biggest health concern - cancer.  A year later, 340 supporters joined the overnight event. Since those first steps, the Relay for Life movement has grown into a worldwide phenomenon, raising nearly $5 billion to fight … [Read more...]

What You Need to Know About Fund Control & Surety Bonds – Part 2

In my previous post we discussed what fund control is. This week we will look at some of the benefits of using fund control. How can fund control help a contractor? Fund control can help new or growing contractors get those jobs that may have previously been out of reach. In addition, it can also serve as a training mechanism for contractors who may not have the appropriate level of 'back room support' to handle all the paperwork on a project. It allows the contractor to concentrate more … [Read more...]

What You Need to Know About Fund Control and Surety Bonds – Part 1

We have all seen this scenario...a new or growing contractor with good character and strong technical abilities can't get a performance and payment bond because of their current financial picture, the bond size, or both. It's the old story - you can't get a loan unless you don't need the money! What is fund control? One tool used to help new or growing contractors get those jobs that were previously out of reach is the use of fund control in conjunction with a project. "Fund Control" means … [Read more...]