Construction Contracts, Bonds, and Minority Business Owner Priced Out of Competing

Certifications in the construction trade are something that is promoted regularly. But what happens when you get certified and realize the uphill battle to land a contract? Many business owners are perplexed by this system and often times give up. Bonds are required collateral for the project. A subcontractor would be responsible for example $40-50k up front just to compete. This is yet another disparity. A Prime contractor acts as the big company in charge of the project and they can pick and choose which company they work with. Often times, it's the same companies. How can the playing field be leveled out? Education is Power. Power can move the needle and create equal access to all. --- Support this podcast: <a href="https://anchor.fm/hair-and-skin-alchemy/support" rel="payment">https://anchor.fm/hair-and-skin-alchemy/support</a>