On March 29th, the Contractor’s Bonding Assistance Program (CBAP) held its first free seminar of the year. The seminar, which focused on financial statements, was well attended by many small local contractors from Alameda County.
The event featured Karl Schunck — an accountant, active member of industry trade associations including CFMA, EUCA and AGC, past president of the Surety Association of Northern California, and partner in charge of accounting and auditing with Jones, Henele and Schunck. A frequent lecturer on construction accounting topics, Schunck focused on addressing some of the key business/financial planning and transactional needs of privately held companies in construction. The forum also provided contractors with a venue to share some of their challenges and find solutions with the goal of leading to greater financial success.
“The seminar was very helpful,” said attendee Bryant Fields. “I have learned quite a bit and now understand what I need to look for in an accountant for my businesses.”
Every seminar/workshop CBAP hosts gives contractors and vendors an opportunity to connect with professionals who do exactly what they do. CBAP takes a holistic approach to our services, helping contractors gain knowledge, strategies, and techniques to increase their bonding capacity and improve their administrative skills.
“I’m grateful that CBAP is providing this valuable information around surety bonding for local contractors,” adds Fields.