Columbus Lender Buys Contracts from Minority and Women-Owned Firms
Post date
January 06, 2022
Body
Joe Bousquin, Construction Dive
There's an old adage among construction contractors: You're never one big job away from bankruptcy.
The saying works not only from the perspective of always needing to win new projects to stay busy; it also applies from the standpoint of the risk contractors assume when they get what they wished for and take on a large project.
This is particularly true for small, minority- and women-owned businesses, who are almost always challenged to meet the financing and cash flow requirements of the contracts they win.