Pre-Qualifying Subcontractors vs. Flying Blind in an Uncertain Economy

When:  Mar 20, 2024 from 02:00 PM to 03:00 PM (ET)
Associated with  NASBP General

General Contractors subcontract the majority of their work to the subcontractor community and rely heavily upon the quality of their performance and business practices. Many of the leading GCs in the industry have developed procedures that rely upon internal and outsourced methods to prequalify and manage subcontractors.  They also use Surety Bonds and/or Subcontractor Default Insurance to help mitigate the risk of subcontractor default.  This virtual seminar will describe the methods of a leading provider of subcontractor prequalification analysis and how that information contributes to a disciplined subcontractor risk management program.