Construction Insider Brent Chambers

In this podcast, we will share our insights on the pandemic’s impact on the construction environment, eroding margins, and strategies for the future.

The response to our "Everything You Wanted to Know about Construction Bonds" podcast, featuring Brent Chambers, EVP of CapitalPlus, and guest speaker, Cornelius "Con" Riordan, Esq., an attorney with Robbins, Salomon & Patt, Ltd., was overwhelmingly positive. Brent and Con discussed the different types of construction bonds, especially when dealing with government-funded projects. Brent and Con are continuing the discussion in Construction Bonds: Part Two.  They will cover when a surety takes funds control, the impact of project delays on surety bonds, and how the pandemic has affected surety bonding.

There are many different types of bonds involved in the construction industry, especially when dealing with government-funded projects. Our newest Construction Insider podcast explains all the ins and outs with special guest Cornelius Riordan, an attorney with Robbins Salomon & Patt and an expert in the construction industry, specifically on the topic of bid, payment, and performance bonds. He represents contractors, sureties and lenders in litigation cases and appeals in both state and federal courts.

Guest speaker, Mike Matousek of FNB Bank will share his insights on financing construction contractors from the banker’s perspective, discussing risk factors, the problem with progress billing, why banks crave control, and the value of factoring.

Episode #4 takes a deep dive into the Mechanics Lien, its history, its rules, and how they offer builders a powerful tool to get paid without having to sue.

This episode delves into some pros and cons of the Paycheck Protection Program and what is happening to many construction companies when the money runs out.