Guidance & Mentoring to Contractor Bond Principals

Oriska Insurance Guidance and Mentoring can provide the following to potential contractor bond principals:

  • construction accounting setup including establishing a chart of accounts
  • CPA accounting and audited statement by independent accountants encouraged
  • collateral provided by contractor bond principal to secure the credit extended by the bond line commitment
  • indemnification agreements by contractor bond principal and other cosigners to secure and exonerate losses charged against bond obligations
  • wage and benefit compliance with posted prevailing wage and supplemental benefit schedules pursuant to Federal Davis-Bacon and state requirements, designed to maximize use of available supplemental benefits to reduce tax and overhead burden associated with wages
  • request for proposal, competitive bid and negotiated work evaluation for construction bond candidate
  • specification evaluation and coordination with contracts for projects of interest
  • contract document analysis for projects of interest
  • engineering analysis of proposed projects provided to potential bidder
  • award and acceptance, including issuance of bonds is part of a work program
  • material and technique guidance on systems and methods required for construction projects
  • project constraint identification
  • design meeting coordination
  • participation in phase planning and scheduling
  • cost modeling, budgeting
  • energy performance modeling
  • design and inspection of mechanical, electrical, plumbing and civil projects
  • alternatives strategy in evaluation of proposals
  • site evaluation and pre-construction testing
  • regulatory and code reviews for advice on a contract and construction compliance
  • assist with schematic plans, specifications, budget and schedule development
  • value engineering analysis and responses to requests for proposals
  • bid documents and cost estimates assistance
  • canvas bid results with recommendations regarding acceptance of award
  • contract administration services and support including review of scheduling, inspections, attendance at job meetings, and submittal review and submission, payment requisition review, responses to requests for information, processing change orders, status reports to owners, regulators, financing institutions and bonding company, final payment recommendations, assistance with preparation of as-built documentation, closeout document review
  • safety engineering consultation
  • apprentice training for construction trades, fully approved satisfying an employer’s public work construction requirements for Apprentice Training and Equal Employment Opportunity (these programs have enjoyed recognition for successfully recruiting and graduating minority candidates to journey person level in trades of carpenter, plumber, steam fitter, mason, steelworker, roofer, operating engineer, electrician, and skilled laborer)
  • information technology (IT) consultation
  • payroll management & administration
  • unemployment compensation management
  • flexible comprehensive employee benefits
  • human resource administration
  • Drug Free Workplace program assistance
  • certified safety program assistance
  • flexible Employee Benefits plan assistance in developing
  • payroll processing and disbursements
  • payroll tax collection and payment
  • disability insurance fee payment
  • Federal 940 Annual Unemployment and Tax Return preparation
  • Federal 941 Employers Federal Tax Return preparation
  • State Unemployment Report preparation
  • wage garnishment collection and disbursement
  • employee earnings statements
  • W-2 and associated administration
  • certified payroll management
  • job Costing and labor distribution
  • holiday, vacation and miscellaneous payroll deductions and reports
  • wage and hour law compliance
  • ADA Act Compliance
  • EEOC, I-9 Compliance
  • FMLA Compliance
  • assist in obtaining permits and certificates of occupancy for acceptance of work
  • safety and loss control management: on-site safety inspections, safety consultation, regulatory compliance, client specific safety program development, safety manual preparation, certified safety program filing assistance, safety meeting program development, safety training and education of employees, return to work programs, OSHA compliance assistance, drug-free workplace, hazardous material handling, hazardous condition communication, employee workplace harassment and discrimination consultation, substance abuse control
  • sub-contractor qualification review and recommendation
  • bidding phase coordination