Why It’s Important To Always Hire A Bonded Contractor

A contractor bond, or contractor’s license bond, is a contract in which a surety company promises your contractor will follow state rules and regulations.

What is a surety bond?

If you are looking for someone to remodel your kitchen be sure only to hire licensed contractors who are legally able to operate in your state. The contractor’s state license board are there to help ensure contractors have the proper training and bond in place to abide by state laws. Purchasing a license bond for contractors in California is fairly simple. The bonds pricing is based upon the contractors credit history and can often times be purchased and issued same day.

Why you should only hire a bonded contractor

Working with bonded contractors helps to ensure that your work is properly protected in the event something were to happen on the construction projects or there were to be any defects with the contractor’s work.

It should be noted that being bonded is not the same as being insured. The bond only guarantees you the proper fulfilling of a job contract. The contractor should also carry liability insurance so that you, the customer, are not held responsible for any on-site injuries that may occur on your property.
Contact the bonding company directly if you have any questions about the agreement: they’ll be glad to help. Make sure the contractor is bonded, licensed, and insured, and you will be on the side of the angels.

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If you are a contractor, why should you choose to be bonded?

Being bonded gives you instant credibility with the public. Customers are looking for every measure of protection possible when dealing with large money transactions, and if you choose not to be bonded, it will reflect poorly on your abilities as well as your business. It assures your customers that you:

— have undergone a rigorous prequalification process
— are much more likely to complete the project as agreed upon
–will have a backup should severe problems occur.

Having read the importance of the contractor’s bond above, how much does a Contractor Bond Cost? Well, the Sector of Industrial Relations’ Division of Labor Standards Enforcement wants farm labor contractors to post $25,000 surety bonds. Some contractors need to post $12,500 to qualify for private bonds before carrying out business within the country.

All of these contract bonds are in respect of underwriting consideration, hence the price you’ll pay for your contractor bond directly reflects on the status/review of your private credit report. Being covered by a surety bond is a win-win proposition for both customers and contractors.

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How to Increase Profits for your Contracting Company

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Contractor Company Profitability

To increase the profit of your contractor company in these tough economic times, you need to identify the key profit drivers. Similarly, you should come up with effective strategies and prioritize them in order of importance. It’s recommended that you write down your goals and how you want to achieve them. Further, come up with practical ways of implementing those strategies. Since the construction industry is driven by the law of demand and supply, much work should be focused on cost management. Let’s go through some strategies on how to increase profits for your construction company;

Effective Cash Management

Today, Cash is the lifeblood of any successful company. You must align your cash inflows and outflows. Secondly; you should budget and plan your cash since it becomes easy to pay your expenses when they are due. Likewise, you should identify your daily spend rate and how much cash you have at hand. In fact, lack of proper money management can bring liquidity crisis such that it becomes impossible to meet both long-term and short-term cash obligations. This could result in the inability to pay your suppliers or even meet the wages of your workers.  A great example of proper cash management is the California company: contractor license bond- contractor bond quote. With a Cash flow shortage could lead to operations close-down or bankruptcy. Therefore, you should make sure you understand your supplier’s terms of payment before engaging in any contract. The best way to check if you have good cash management is to compare your costs with other similar companies in the industry.

Decreasing operating costs and increasing production

This is knocking two birds with one stone. The most sensitive cost is labor. You should hire cheap labor and keep productive employees. However, you should concentrate on retention rather than hire. Focusing on conservation will help to avoid costs associated with recruitment and lost productivity. On the other hand, you should have the right suppliers. This will make it easy to negotiate for discounts and better prices when buying materials in bulk. To increase productivity in your company, you must have systems in place that will help you get the most out of your resources.

Expand your market

Starting new construction projects in different areas will help in increasing the profitability of the company. For instance, you can use the social media to establish such places. If you encounter difficulties in penetrating a new market, you can partner with other companies.

In a nutshell, running a successful business involves increasing revenue and cutting on costs. To dominate the industry, you need to employ the above strategies on how to increase profits for your construction company to take it to the next level.

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8 Benefits of using the WordPress Platform

Each month approximately 15.5 billion pages are viewed on WordPress websites. WordPress is far and away the world’s most popular Content Management System (CMS). It currently holds a 63.7% share of the CMS market.Read on to learn more about the benefits of WordPress and why it is the leading platform for most website owners.

#1 User-friendly

What distinguishes WordPress from many other CMS is ease of use. Managing a WordPress website doesn’t require any programming or coding skills. This opens up website building to a much wider range of users. The WordPress dashboard is straightforward to navigate and interact with. Uploading images and other media files can be done with a click of a button. And the text editor is familiar to anyone who has used word processor software. An indication of the widespread popularity of WordPress is how frequently it is downloaded. For example WordPress 5.5 has been downloaded over 59 million times.

#2 Highly flexible

WordPress is used to power an incredibly diverse range of types of websites. Online stores, content sites, personal blogs and much more all use the WordPress CMS. While WordPress is hugely popular with people managing small websites, big players also like to use it as well. Fortune 500 companies like Walt Disney, Sony, Microsoft to name just a few use WordPress.Wordpress extensive array of themes and plugins make it possible to create almost any type of website you can imagine.

#3 Extensive range of Themes

Themes define the look of your website. Themes make it effortless to radically change the appearance of your website. There are currently almost 8,000 free themes listed in WordPresses theme directory.Because there is such a comprehensive selection of different types of WordPress themes there is invariably one which will meet your own particular requirements. If you can’t find the right free theme, premium themes further extend your options for the style of your website.Think about Best Green WordPress Hosting

#4 Search engine friendly

Organic visitors from the search engines is a prized goal for most website owners. WordPress websites make it easier to achieve high rankings in the SERPs. Search engine optimisation (SEO) friendly features are baked right into WordPress. SEO plugins, like Yoast SEO and All-in-One SEO, make it even easier to optimise your web pages. Even if you have very little existing SEO knowledge, you can see/create a website that the search engines will love with WordPress.

#5 Developer & community support

The ubiquity of WordPress means that there is wide-ranging community support. No matter what issue you are facing with a WordPress website you will find that there are community members that can assist. Most challenges you will experience with a WordPress website, will have already been addressed on a WordPress forum or website. Because WordPress is used by many businesses, it also has a very active developer community. If you require customisation or technical support for your WordPress website there are plenty of highly skilled developers available for hire.

#6 Mobile responsive

50.81% of global internet traffic now comes from mobile devices.Google has incorporated mobile usability into its search algorithm. Having a website which works just as well on a smartphone, as on a desktop, is essential. Most modern WordPress themes are mobile responsive. Even those that aren’t, can be made responsive through the use of plugins.

#7 International reach

WordPress is a truly international platform. The CMS is available in more than one hundred different languages.This global appeal distinguishes it from other commonly used CMS. The wide range of languages available for WordPress is thanks in large part to the WordPress Polyglots team. This initiative works to localize themes, plugins and core WordPress.

#8 Plugins to extend functionality

Plugins further extend the functionality of a WordPress website. There is a WordPress plugin to meet almost any feature or function you would like to add to your website. Ecommerce shopping carts, sliders, pop-ups, caching, and much more can all be added using plugins. Almost 60,000 free plugins are available through the WordPress plugin directory.Plugins can be installed and activated with only a few clicks. They can just as easily be deactivated if the functionality is no longer required.Or you can consider Divi for free

WordPress is the internet’s most popular CMS for a very good reason. It offers an almost unlimited range of options for customising and extending your website, while at the same time being very user friendly. No matter what type of website you are looking to create, WordPress will provide a solid and future-proof foundation.

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