How Does an ESOP Affect a Construction Company’s Bonding Capacity?
Part two of the CICPAC ESOPs in the construction industry series, this guide examines how an ESOP transaction affects bonding capacity and the surety relationship — helping contractors and their advisors anticipate underwriting concerns and structure a transaction sureties can support, as part of a comprehensive guide covering ESOP succession planning from initial suitability through eventual wind-down.
Developed by CICPAC, a nationwide association of accounting firms specializing in the construction industry, the guide offers practical insights informed by professionals who understand contractors' unique financial and operational challenges.