An officer of a large construction company shares why his company prefers subcontract bonds over SDI for managing subcontractor default risks.
Topic
Construction Risk Management, Risk Management and Insurance, Subcontractor Default Insurance (SDI)
Publish Date
November 18, 2024
Audience
Contractors
Resource Type
Article
Project Owners Beware – Don’t Eliminate Prime Bonds in Favor of Dual Obligee Status on Subcontract Bonds