According to you, not according to the information releases.
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Southern Contracting earns money several ways: Commercial Vehicle & Diesel Repair, Consulting, and Bid Projects.
Commercial Vehicle & Diesel Repair Will earn the Company some money with minimal overhead. This part of the Company business will not fill the coffers with a lot of cash, but it will keep the Company in touch with General Contractors that can use Southern Contractings services. This part of the business is more of a lead generator.
Consulting This part of the business will not only generate consulting fees, but will give the ability to takeover projects other companies bid on that they do not have the ability to complete. Normally our CEO would oversee these projects for the General Contractors for a fee, but Southern Contracting will instead take over this part of the project work from the General Contractor, acting as a Sub-Contractor. Southern Contracting is in a unique position, because of the 35 years of experience and the reputation of our CEO always finishing a job, that we are able to piggy back off the General Contractors Bond saving the company money from not having to go get our own Bond. There are multiple millions of dollars a year to be earned by being a specialized Sub-Contractor for infrastructure work on the West Coast of Florida.
Bid Projects This will be the main driver of revenue for the Company. Southern Contracting is extremely experienced in bid writing for full and partial projects. Sometimes we will joint venture on projects with other companies and just handle the infrastructure part of the bid. Charlotte Country alone has over $250 million in Bid Projects to be completed over the next 5-7 years and the State of Florida has close to $50 Billion in Bid Projects that need to be completed. To help keep costs low, Southern Contracting will use Bond programs which our CEO will need to personally guarantee.
The paradox of iHub: buy high, sell low
