Surety bonds help small businesses win construction, supply, and service contracts by providing the customer with a guarantee the work will be completed. Many contracts require surety bonds, which are offered by surety companies. Becoming bondable is like applying for bank credit. The requirements include a review of the technical and managerial ability, financial statements, and credit resources of the small business. Small businesses often struggle to meet some (or all) of the minimum qualifications. Did you know there is a program to help small businesses get started with bonding or increase their current bonding capacity?
Month: October 2019
As far as Hari Banda is concerned, it all comes down to getting a good education and having a better reputation. Banda is the owner of Quadyster, a Bettendorf information technology company that struggled for years to find the right approach to doing business with the government. Contracts seemed always out of reach. Then, two things happened: the company found CIRAS, and it found a new source for electronic equipment. Government buyers noticed.
A Fairfield financial solutions firm estimates that the company saved more than $1 million in 2018 by using continuous improvement techniques to shave time and lost effort off its work. Cambridge Investment Group Inc. is a privately controlled financial solutions firm that provides a broad range of choices regarding financial solutions to more than 3,000 independent financial advisors around the country, as well as their hundreds of thousands of clients.
Colleen Brabec believes CIRAS has made her smarter about government contracting. Brabec owns Mobilis Home Medical Equipment, a 17-person Council Bluffs company that sells wheelchairs, scooters, and related equipment throughout western Iowa and eastern Nebraska. Mobilis used to deliver equipment for U.S. Veterans Administration hospitals in Iowa and Nebraska, but the company lost that contract … Continue reading CIRAS Advice Makes Mobilis Home Medical Self-sufficient
Dozens of Iowa manufacturers got their first glimpse of a path to new technologies on September 26, as CIRAS formally opened its new Digital Manufacturing Lab powered by Alliant Energy. Representatives from CIRAS, Alliant Energy, and the Iowa Economic Development Authority (IEDA) were joined by Iowa State University and Ames leaders for opening remarks and a tour.