Small contracting firms are getting a hand up with a Los Angeles program that helps them obtain bonding on public projects.Small firms are now able to bid on Los Angeles County projects thanks to a program that allows them to access resources that previously only large contractors had been able to obtain.
Small contractors often face an uphill battle to compete with larger, more established firms. For example, Percell and Wong faced a challenge to secure bonding, which protects clients from financial losses, for a $4 million job as part of Metro's regional connector project. For example, KPA Constructors installed the radio communication systems for Metro's regional connector project and they are now working on four other jobs.
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