LA Contractor Connection Summer 2021 | Page 10

CONTRACTOR SUCCESS STORY I : KPA CONSTRUCTORS
Metro Gold Line Ductbank and Raceway Construction
2nd and Hope Streets in downtown Los Angeles .
KPA Constructors , Inc . connected with Metro ’ s Contractor Development and Bonding Program ( CDBP ) for collateral support to help secure their payment and performance bonds . As Kit reflects , “ We had filled out so many bonding companies ’ paperwork and had been declined so many times . We did not give up but just wanted to know why we were declined . The other bonding companies said that because we were new , we couldn ’ t get bonded – but they didn ’ t help us understand what steps we could take to become bondable . However , after we enrolled in Metro ’ s CDBP , their staff put us in touch with Surety Broker Lourdes Landa , who was upfront with us and explained what we needed to do as a

“... [ B ] ut we needed some assistance to get bonded . Once you get bonded , that really legitimizes you as a construction company and makes it possible to take on projects that would otherwise be out of reach because of the steep financial hurdles .

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