Federal Bid Bond - Fatal DiscrepancyLeonardo Ortiz
April 23, 2010 — 311 views
In the current economy many contractors seek new business opportunities and a primary target is federal government construction contracting. Upon closer inspection, contractors quickly learn that competing in the government contracting arena can prove difficult as many projects require a commitment of resources and surety bonding capacity that exceeds the capability of a single firm. As such, contractors have sought avenues such as teaming agreements or joint ventures to pool resources to increase their opportunities.