Discrimination in Surety Bonding

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Excerpt from Discrimination in Surety Bonding: Hearing Before the Subcommittee on Minority Enterprise, Finance, and Urban Development of the Committee on Small Business, House of Representatives, One Hundred Third Congress, First Session, Washington, DC, July 20, 1993 I appreciate the opportunity to appear before your distinguished committee to describe my experiences in trying to secure the kind of contract bond arrangements which would enable our company to grow and prosper in ways consistent with our abilities, resources, experience and the opportunities that are available. The fact is that racism and prejudice are alive and well in Amer ica and have caused us to scale higher heights and labor with greater burdens than that of our fellow majority contractors. I would like to preface my remarks by telling you a bit about myself and the John B. Cruz Construction Co. My father founded this firm in 1948 as a carpentry subcontract ing firm. We have been in operation continuously for over 45 years. As a general contracting firm we have been in operation for over 25 years. My father, who at 74 years old is still actively involved, working 10 to 12 hours a day, together we operate the firm. We have been able to realize annual receipts as high as $20 million a few years back and have completed single projects as large as $15 million. We specialize in general contracting. We have constructed vari ous projects such as building a runway for a United States Air Force base, a 17-story elderly housing development, a square foot plant for the Digital Equipment Corp. And, in addition, have worked for various corporations and universities such as ibm, Har vard University, Polaroid, Raytheon, Osco Drugs, Star Market, Boston College, and Simmons College. About the Publisher Forgotten Books publishes hundreds of thousands of rare and classic books. Find more at www.forgottenbooks.com This book is a reproduction of an important historical work. Forgotten Books uses state-of-the-art technology to digitally reconstruct the work, preserving the original format whilst repairing imperfections present in the aged copy. In rare cases, an imperfection in the original, such as a blemish or missing page, may be replicated in our edition. We do, however, repair the vast majority of imperfections successfully, any imperfections that remain are intentionally left to preserve the state of such historical works.