Podcast: The Building BITE

Season 2 Episode 11: Infrastructure, How to Plan for Success

 

Please tune in to this episode of The Building BITE Podcast, as we hear from industry experts about key topics to help you be successful. The Building BITE hosts Valerie Bono and Mike Diercksen, CRIS, welcome David Farino, CPCU, ARM, and AVP of NFP’s Construction Brokerage Group. 

 

David begins by sharing his journey beginning with his background. His background started in banking and eventually led him to underwriting where he now serves as a leader of the construction group of NFP. David has leaned on previous experience, which is paying dividends for his Insureds as he has been able to guide them through the ins and outs of bidding on civil work. As the son of a of a Service-Disabled Veteran, David takes tremendous pride in helping small minority-owned businesses earn these civil contracts.

 

Diving into the topic at hand, David proceeds to lay out his take on infrastructure projects and how to best prepare for them.

  1. Not All Opportunity is Good Opportunity: David emphasizes the importance of looking at each opportunity individually and making sure you take the time to manage these situations effectively. Being more selective and really finding ideal partnerships and opportunities will allow for sustained and scalable growth.
  2. Be Proactive: Rather than reacting to the situations at hand, begin to look ahead and develop a plan for identifying what work fits their skill set the best. Insureds are better positioned to stay within their wheelhouse and find success by creating a plan and sticking to it.
  3. Take Time to Assess Your Capabilities: You must look within to see if your organization is prepared to meet the Owners’ expectations and drive value upstream. Asking questions such as, “Do we have the controls in place to meet our contractual obligations”? Or, “Is our current subcontractor pool deep enough to fulfill these needs?”  Finding the right partnerships can help to alleviate some of these concerns and provide valuable experience for Insureds as they continue to grow.

 

To learn more about planning for success, listen to our full podcast episode with David Farino, Infrastructure, How to Plan for Success.

 

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Links:

Connect with David on LinkedIn

View NFP's website at https://www.nfp.com/

Connect with Mike Diercksen

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