G&F Concrete Demolition for Rosa Parks Station
Small woman owned business, G&F Concrete, demolishes old structures to make way for new Rosa Parks Station facility.
On Tuesday, July 31, 2018, Metro was successful in completing its first bond transaction to assist a certified DBE / SBE minority woman owned construction firm obtain bonds for a Metro concrete cutting project. We are pleased to congratulate G&F Concrete Cutting Inc. who is the first recipient of Metro’s bonding program, and who has been awarded a 1.1 million dollar concrete cutting contract on the Willowbrook/Rosa Parks Station Improvement Package, Blue Line Station Improvements & New Plaza project.
At the time that G&F approached the Program, their outstanding work in progress had caused G&F to exhaust their current bonding capacity leaving them insufficient surety credit for the new Metro concrete work. In order to get the surety to extend additional credit, Metro’s CDBP program provided $250,000 in Program collateral support and other program risk mitigation services, which enabled G&F’s surety to approve the Payment and Performance bond needed for the new Metro project. With the additional capacity supported by Metro’s Program, G&F will not only be able to perform the additional Metro work, but will establish itself at a new capacity level supporting their ability to grow and take on larger projects in the future.