MESSAGE FROM THE PROGRAM ADMINISTRATOR
informative webinar online ). For your convenience , we ’ ve also included a contract review checklist addressing such critical topics as the scope of work , exclusions , and the project schedule .
Understanding insurance is vital to contractors , so on page 34 , we offer a summary and link for online viewing of a webinar presented by MWIS ’ Contract-Based Finance Program Manager John Miller , who outlines different types of insurance , worker ’ s compensation , contractors ’ equipment floater , professional liability or errors & omissions , OCIPs & CCIPs or wrap ups , and how to mitigate the impact of insurance cost to improve bidding .
Insurance also plays a big role in the bidding process , influencing the overall cost structure , risk management , and competitiveness of bids . On page 37 , we discuss how insurance is a critical component of a contractor ’ s business strategy and how it impacts the bidding process .
Precise cost estimations and competitive bidding approaches are the keys to winning contracts – we examine these in detail on page 39 and 43 , along with providing a useful construction estimating process chart .
We wrap up the issue with an overview of San Francisco ’ s small business financial resources on page 48 – including loans , investment funds and lines of credit designed to help local businesses launch , grow and scale .
We hope you find these articles helpful , wish you healthy and happy holidays and much success in 2025 , and as always , encourage you to reach out to the Contractor Development Program team if we can be of any assistance .
FIRST QUARTER 2025 CONTRACTOR TOOLS - 03