Name

Published on June 5, 2023

Bond agencies and surety company partners helped facilitate over $2 billion in contracting awards

Subcontractors often must balance the demands of owners, government agencies and general contractors, all while trying to make a profit. 

But the construction industry is also rife with defects, change order disputes and project delays. When these issues arise, a subcontractor is often faced with the choice of “getting the work done” while trying to preserve the chance of “getting more work.” 

Company Name 
The Great Lakes Construction Co.

Name

Christian Hunter

Job Title

President

Company Name

Cleveland Drones

What does your company do?

Cleveland Community Benefits Agreements
On June 5th, Cleveland City Council approved a codified ordinance (Ord. No. 297-2023) to establish a floor for what benefits developers provide for Cleveland – apprenticeship, internship and mentor-protégé programs, community meetings, neighborhood improvements, minority business enterprise, female business enterprise, Cleveland area small business, and resident hiring goals - when they seek city financial assistance.

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Financial statements are a must-have for any organization. The balance sheet reveals how much its assets and liabilities are worth based on historic costs. The income statement tells investors and lenders how profitably and efficiently the company has performed during the accounting period. The statement of cash flows details sources and uses of cash from operating, investing and financing activities. All this is relevant information for company insiders, as well as for lenders, bonding companies and other stakeholders.

Name

Wilfred A. Alert, Jr.

Job Title

Owner/ Operator

Company Name

The Alert Pioneer Plumbing Company  

What does your company do?

Name  
Maureen McAdams

Job Title  
Treasurer / Owner