company to get bonded . It took us a year to get bonded , but her feedback enabled us to work through each hurdle to achieve our goal .”
Because cash flow and bonding are some of the biggest challenges for any small business to overcome , the Contractor Development and Bonding Programs sponsored by the City of Los Angeles and Los Angeles Metro were created to assist contractors in navigating through what could otherwise be insurmountable obstacles . “ We had already proven that we could get the work done ,” notes Kit , “ but 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 .”
Kit is grateful that KPA Constructors was able to get their feet wet by starting off with smaller projects , allowing them to ascertain what areas of the business needed strengthening . He is proud to report that KPA Constructors has learned to handle all of its financial management processes in-house and currently has a $ 5 Million backlog of contracts this year . “ Next year , we want to be able to set ourselves up for $ 10 Million . There ’ s plenty of opportunity for everyone and we ’ re excited about being able to apply our expertise toward the successful completion of many of the complex improvements and developments planned in Los Angeles County . My favorite experience is being at the opening ceremony once a project is successfully completed .”
LACMTA Blue Line Train Control Installation
SUMMER 2021 LA CONTRACTOR CONNECTION - 11