August 2022 Newsletter

August Happenings….

A Webinar on Subcontractor Survival by Alan Paquette, M&T Bank renews their sponsorship, AHCC and Maryland Hispanic Chamber of Commerce (MDHCC) MOU signing ceremony, Nashville Metro Housing Authority hosts Surety Bonding Webinar by Karen Barbour, and much more….

Company News

Announcement!

AHCC and MDHCC will sign a Memorandum of Understanding to solidify support of each other’s members and organizations on August 3rd at The Center Club of Baltimore @ 4:30 pm. Don’t forget to sign up for the MDHCC Business Conference that takes place on September 23 at College Park Marriott Hotel & Conference Center. To register go to www.mdhbc.org or contract Maria Pillar Rodriguez via mdhispbc@gmail.com & cell: 240-246-0129. Karen will be speaking on suety bonding at the conference.

AHCC supports Party For A Cure, a Maryland non-profit that helps families and their members who suffer from neuro-muscular diseases. Party For A Cure is having their annual gala on September 10th at the Center Club of Baltimore. To purchase tickets, CLICK HERE. Since 2008, PFAC has raised $1.4 million. Denise Koch, Emmy Award winner and anchor for WJZ TV, is the emcee again this year. This event is heavily supported by the construction industry. PFAC just completed a 630 sq. ft, addition to the Eggers’ family home in Cecil County. Thanks to the many contractors who donated time and materials. PFAC contributed over $60,000 for the construction costs. PFAC has a volunteer-based board. Please come and support the cause and bid on our auction items! We have discounted room rates at The Lord Baltimore Hotel. Live music by NERVE, gourmet food, open bar, and top level networking – come join us!

M&T Bank renewed their sponsorship at the SILVER LEVEL. We wish to give a big thanks to Chuck Martin, Detra Miller, Robert Duru, and Gideon Gaines at M&T Bank for their efforts in renewing the sponsorship.

DO YOU WANT TO KNOW WHAT YOUR COMPANY IS WORTH?

M&T has a new tool to help you determine what your company is worth. Check out their GrowGrade solution – a free tool launched by M&T to provide free business valuations in under 15 minutes, as well as tools to help business owners make smarter business decisions.

With GrowGrade, you will receive:

A GrowGrade valuation
Scenario modeling to assist with future planning
Free industry trends and financial insights tailored for your business

The GrowGrade team welcomes any feedback you can provide and can be reached at contact@growgrade.com.

Save the Date

Our Upcoming Webinar

Alan Paquette is our speaker for our upcoming webinar on August 10th @ 11:30 via Zoom. You can REGISTER HERE. It’s FREE. Alan Paquette of Construction Analytix presents on (1) Best Bidding Practices, and how to Bid correctly to protect your rights should you be awarded a Subcontract. (2) Understanding the risks of your Subcontract and how to negotiate and mitigate those risks.
The presentation will help subcontractors better understand the truth about the industry-standard bidding and subcontracting process. Most Subcontractors are only one bad project away from going out of business; 2 out of 3 contractors go out of business within their first 5 years, and 70 – 90% of Projects fail. Alan says that the current “system” is abusive to Subcontractors, short-sighted and contrary to leveraging project success.

Alan will address why lump-sum bids are dangerous, why how all bids should be “itemized,” and discuss the typical Subcontract, the most onerous clauses and incorporated documents, and what you can do about it.

The webinar will hopefully provide Subcontractors with the insights, understanding and useful tactics they need to survive and prevail in the construction industry despite the odds!

So, REGISTER NOW for this one-of-a-kind opportunity to better understand Bidding and Subcontracts, not merely to avoid financial loss and business failure, but to better leverage your business survival and success!

YOU ARE INVITED to Metropolitan Development and Housing Agency’s Workshop (Nashville) for Commercial Contract and Construction Bonding via a Zoom meeting.

WHEN: Aug 2, 2022, 04:00 PM Central Time (US and Canada)

Karen Barbour is a 30-plus-year surety industry veteran. Passionate, professional, and problem solver, she is an advocate for small diverse businesses.

U.S. Small Business Administration (SBA) Maryland Small Businessperson of the Year, for pioneering work in breaking down surety bond barriers for minority and women-owned construction firms.

Karen entered into a surety bond consulting services agreement to provide surety bonds to minority and women business subcontractors and suppliers of Hensel Phelps Construction, one of the largest general contractors in the nation. To date, The Barbour Group has provided bonding assistance in CA, CO, WV, GA, NC, MD, and DC through the execution of this nationwide service agreement.