LA METRO

Contractor Development and Bonding Program

The Contractor Development and Bonding Program assists contractors with their contracting capacity and business growth.

Assessment

Enrollment in the City of Los Angeles Contractor Development and Bonding Program.
Personal Account Manager to assist you in a professional assessment of current capacity and needs for growth.
Facilitated referrals to Program Partners and resources.

Bonding Assistance & Technical Support

Assistance with obtaining or increasing bonding capacity.
Access to LA Metro collateral support for bid, performance and payment bonds for qualified contractors.
Contract review, project assessment, and field support for program bonded contracts.
Assistance with project risk identification and mitigation.
Third party funds administration.
Accounting cost subsidy for CPA prepared financial statements.
Access to contract specific financing.
Project opportunities and industry events sent weekly via the “Blitz of the Week”.
Contractor Profile to assist with business marketing.
Referrals to specific project opportunities.

"They were able to put some money in escrow for us and give us a collateral, so we got the $4 million payment performance bond," Percell said. "At the time, I talked to the general contractor and they're like, 'No one else does this. No one else was able to do what you guys did.'... We only did it with the assistance of this program for sure, which is why we're trying to encourage more contractors to participate."

Karl Percell

President

KPA Constructors