Homework Clinic
Hands-on Clinic => Skills and Trades => Topic started by: sam.t96 on Jul 26, 2018
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What factors are considered by surety underwriters when determining how much bond coverage they will provide to a construction company?
What will be an ideal response?
Question 2
What is the purpose of the strategic assessment?
What will be an ideal response?
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Answer to Question 1
The primary factors considered by surety underwriters when determining how much bond coverage that they will provide are the reputation of the company and its leaders, the capacity of the company to undertake work, and the financial condition of the company.
Answer to Question 2
The strategic assessment serves as a baseline for the development of a strategic plan. It involves assessing the strengths and weaknesses of the company and forecasting the future business environment.
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Thank you!
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Always glad to help...