Welcome to the Construction Insider Podcast Series!
Bringing you strategies and tactics to thrive in the new normal.
CapitalPlus is tackling timely financing information and offering helpful business strategies in our new podcast series. Since we specialize in helping general contractors and sub-contractors, we understand the challenges you’re facing and can draw on decades of experience to offer insights to help companies thrive. Take a moment to listen and let us know if there are topics you would like us to cover in the future or if you are interested in being a guest speaker.
There is a lot of conjecture on the airwaves, but what do the construction industry insiders see on the horizon? Brent Chambers discusses how the industry is adapting post-COVID with Michael Beaver of Conway Mackenzie, a turnaround and business advisory firm. Michael has significant experience operating in financially distressed environments and specializes in providing liquidity management, financial modeling, strategic planning, turnaround, and operational management services. Michael and Brent share their insights on the pandemic’s impact on the construction environment, backlogs, eroding margins, and strategies for the future.
Brent Chambers and Cornelius Riordan continue the discussion on the different types of construction bonds. In this episode, they will cover when a surety takes funds control, the impact of project delays on surety bonds, and how the pandemic has affected surety bonding. Con is an attorney with Robbins, Salomon & Patt and an expert in the construction industry.
There are many different types of bonds involved in the construction industry, especially when dealing with government-funded projects. Our newest Construction Insider podcast explains all the ins and outs with special guest Cornelius Riordan, an attorney with Robbins, Salomon & Patt and an expert in the construction industry, specifically on the topic of bid, payment, and performance bonds. He represents contractors, sureties and lenders in litigation cases and appeals in both state and federal courts.
Special guest speaker Mike Matousek, a Commercial Banking Officer at FNB Bank in Chattanooga, shares his insights on financing contractors from the banker’s perspective, discussing inherent risk factors, the importance of matching up sources and uses of funds, progress billing issues, and why factoring is an attractive financing option.
Our inaugural episode explores why construction companies fail and struggle with cash flow more than other industries, and strategies to tame your cash flow issues.