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Provided by: Lorman Education Services Avoiding the Risk of Subcontractor Default |
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Training
Provided by Lorman Education Services
Avoiding the Risk of Subcontractor Default - In today s construction market, many contractors find themselves expanding into new territories to secure profitable work. With this expansion comes the increased risk of subcontractor default due to unfamiliarity with local subcontractors and suppliers. The default of a critical subcontractor or supplier can have a substantial impact on a project causing delays that can adversely affect the general contractor, other subcontractors, and owners and developers. This teleconference will provide best practice procedures for prequalifying subcontractors and managing subcontractor default risk. It will also provide guidance for steps to take in the event a default occurs. Instituting a formal prequalification process and being prepared to take action in the event of a default will assist you in mitigating risk to ensure successful completion of projects for all parties involved. This teleconference will arm you with the tools to proactively manage the potential for subcontractor default.
Learning Objectives
You will be able to compose strategies on prequalification procedures.
You will be able to summarize steps to managing a default.
You will be able to review practices for managing a subcontractor risk portfolio.
Related Awards, Degrees or Certifications: ,AIA ,BOMI ,CC ,CLE (Please check the Detailed Credit Information page for states that have already been approved) ,CPE ,ENG ,PM
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Avoiding the Risk of Subcontractor Default
I. Strategies on Prequalification Procedures
II. Financial Benchmarks
III. Maximum Probable Loss Factors for Subcontractor Default
IV. Steps to Manage a Default
V. Filing a Claim Under a Subcontract Bond vs. Subguard Policy
VI. Best Practices for Managing a Subcontractor Risk Portfolio
II. Financial Benchmarks
III. Maximum Probable Loss Factors for Subcontractor Default
IV. Steps to Manage a Default
V. Filing a Claim Under a Subcontract Bond vs. Subguard Policy
VI. Best Practices for Managing a Subcontractor Risk Portfolio
About The Training Provider: Lorman Education Services
Lorman Education Services - Lorman Education is dedicated to providing cost-effective training opportunities that meet the needs of our members and enhance their skills, knowledge, and competencies.
Please use Priority Code 16175 when registering.
Lorman Education Services began offering continuing education seminars in 1987.
Lorman Education is dedicated to providing cost-effective training opportunities that...
