Merchants Bonding Company
Executives Larry Taylor, Bill Warner Jr., Mike Foster and Therese
Wielage were featured in the latest issue of Construction Executive's Annual Contractors Guide to Surety Bonding.
The issue focused on looking ahead to 2013, and the risks ahead. Never
has it been more important for contractors to work closely with their
Executive Vice President of Underwriting, MIke Foster's Executive Insights focus on subcontractor prequalification;
he writes: "The greatest risks a prime contractor faces are identifying, assessing and managing the risk of subcontractors...There is no better protection against subcontractor failure than securing subcontractor performance and payment bonds from a reputable surety. All contractors should consult with their surety professionals to put a
policy in place."
An article by Vice President of
Marketing, Therese Wielage entitled "Don't Go Off the Overhead Diet Yet"
is a conversation with construction industry expert Dr. Thomas
Schleifer. Schliefer warns that it is his theory of the "second lag" in
construction recovery that we need to worry about. During a lagging
recovery where margins have not come back yet, it is tempting for
contractors to go too far too fast. The number of contractor failures
during a slow recovery like this one can be three times the number that
failed when the economy was in decline.
President Larry Taylor, and Secretary BIll Warner, Jr. are both featured in the Merchants Bonding Compnay Corporate Profile: Cheers to 80 years of Surety at Merchants Bonding Company.
The profile highlights Merchants' uniqueness in the industry, our
common sense underwriting and first class service. The year 2013 will be
Merchants' 80th year in the surety business, and the company has fourth
generation leadership in the great-grandsons of founder E.H. Warner.
Read the articles at http://www.constructionexec.com/