How to Manage the Risk of Subcontractor Defaults

How to Manage the Risk of Subcontractor Defaults

A defaulting subcontractor is bad news for everyone.The project must be halted, money is lost on all fronts, including bonding companies and project owners, and others are less likely to work with the subcontractor in the future.Managing subcontractor risk...
How to Gauge the Health of Your Contracting Company

How to Gauge the Health of Your Contracting Company

The health of your contracting company relies on more than a bank balance.Profitability, solvency and efficiency ratios tracked by computer software every month show the actual numbers guiding the financial health of the company. The employees and work site...