Preventing Subcontractor Default: Prequalify and Mitigate to Survive
After years of extreme financial stress, subcontractor default rates have recently spiked. It is critically important for General Contractors to take proactive steps during the underwriting and job performance phases to protect the bottom line. Learn best practices to prequalify your subcontractors and suppliers, and the early warning signs of default. Understand the balance between getting the best prices in today’s extremely competitive environment and mitigating risk and quality control. Register for this webinar and you will learn:
• Why subcontractor and suppliers go out of business and recent trends
• The ramifications of subcontractor default and mitigation steps to take
• Best practices to prequalify subcontractors and how ConsensusDocs prequalification forms can be a resource
• To identify the early warning signs of possible contractor bankruptcy
• To manage potential problems earlier on, and communicate accordingly.
Cost
$99 - Members
$129 - Non-Members
Speakers
• Donald F. Naber
Sr. Vice President - Director of Risk Management
Gilbane Building Company
• Gabriel Valls
Senior Account Executive
Zurich North America - Construction
Moderator
• Brian Perlberg
Senior Counsel for Construction Law
AGC of America
To register, click here.