January 2023 Newsletter
Past & Upcoming Events!
WELCOME TO 2023! WE HAVE SOME NEWS TO SHARE WITH YOU!
The Barbour Group delivers a Bonding Presentation to Seattle Contractors with Hensel Phelps
The Barbour Group LLC, through its exclusive contract with Hensel Phelps to operate the Head Start Bond Program, has bonded over $160 million in subcontractor bonds with no losses to-date. RLI Insurance is the current surety company that is part of this tri-compact agreement. The program, originally to be administered in the Mid-Atlantic region, has now grown to assist Hensel Phelps's subcontractors on a nationwide basis. It was a pleasure to meet the Pacific North West HP team again and meet some new team members, too, along with some great subcontractors who actually appreciated my surety humor. I hope we get to come back.
Surety Bond Basics for Government Contracting and More - Presented by Karen Barbour and Hosted by Govology
Format: Live webinar
(on-demand recording available on March 7)
Date: February 28, 2023
Time: 1:00 pm EST
Duration: Approx. 90 minutes
Instructor: Karen Barbour, The Barbour Group, LLC
Learning Credits: 1.5 CPEs, 1.5 ATCs
APTAC BOK: C.12 Financial Controls
If your industry requires bonding, this webinar is for you. It will teach start-ups the challenges they will face in securing bonding for the first time and provide guidance to contractors who are not quite ready to produce financial statements.
The credit-based surety programs base approval on prior completion history and personal credit, thus posing a potential problem for companies whose owners’ credit scores are less than stellar. Hence, in this webinar, you will learn:
How the SBA bond program can help you if your personal credit score is 660 or lower; and Why even a modest bank line of credit can provide additional bonding support.
In addition, you will also learn financial analysis basics and the importance of tracking your project using a Work In Progress schedule. Specifically, this webinar will cover the following topics:
1. Suretyship Law – Surety v. Insurance
2. Credit-Based Programs – Why personal credit is so important
3. SBA Bond Guaranty Program – Federally-backed bond program to help those whose credit score is relatively low
4. Understanding working capital and net worth calculations
5. Defining Work in Progress – Percentage of completion basics
6. Types of financial statement preparation
Target Audience: Start-up and small business contractors who initially need bonding or want to grow their surety capacity.
Instructed by Karen Barbour
Be sure to use Promo Code "25bond" during registration to receive 25% off!
How to "Really" Win Government Construction Contracts
In this training, Govology's Co-Founder, Carroll Bernard will teach you how to effectively prepare for and win government construction contracts. Carroll has spent over a decade developing and testing capture strategies through his work with small businesses and in his own ventures. As a result, he knows what works and what doesn't, what gets results, and what is just a waste of valuable resources.
About Govology/Carroll Bernard: : Carroll is the CEO & Co-Founder of Govology.com. With an extensive background in government contracting, Carroll started his acquisition career in the U.S. Navy Supply Corps, where he provided logistical support and acquisition management. After leaving active duty, Carroll continued his acquisition career at the City of Vancouver, WA, in the Procurement Services Department. He also served as a warranted Contracting Officer at the Department of Veterans Affairs. In both roles, Carroll's primary specialty was procuring construction services.
In 2015, Carroll and his team at Govology launched a world-class online training platform for government contractors. Since then, they have trained over 10,000 business professionals and saved small businesses millions of dollars through their collaborative approach with non-profit organizations, government agencies, universities, and corporations that share their mission and passion for powering up small businesses.
Cocktail of the Month
Winter Wonderland Margarita
Maple Browm Simple Syrup
- 1 cup water
- 1 cup dark brown sugar
- 3/4 cup 100% real maple syrup
- 1 1/2 oz bourbon
- 3/4 oz simple syrup
- 5-6 dashes angostura bitters
- 1 large ice cube
- Orange liqueur
- 1 sprig rosemary
- 1 orange twist (optional)
Maple Browm Sugar Simple Syrup
- Add water, brown sugar and maple syrup to saucepan.
- Bring to a boil and take off heat.
- Once sugar is dissolved, then put it into a jar with a lid and cool in fridge.
- Put large ice cube into whiskey glass.
- Add bitters to glass.
- Then add simple syrup and bourbon to glass and stir ingredients.
- Add sprig of rosemary and orange twist to garnish. Enjoy!
Brown sugar has molasses, which is why it is chosen for this simple syrup. It ends up making the simple syrup thicker and silkier.
Thank you for reading our newsletter. We hope to see you at our upcoming events. We are excited to see you. if you have any questions, please contact Ana Pina - firstname.lastname@example.org // 443-789-3063
909 Baltimore Blvd, Suite 144, Westminster, MD 21157