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Provided by: Lorman Education Services

Avoiding the Risk of Subcontractor Default

 Lorman Education Services
BenefitsIn 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 review practices for managing a subcontractor risk portfolio.
- You will be able to explain the steps for managing a default.
- You will be able to define strategies on prequalification procedures.
- You will be able to identify financial benchmarks.
Project managers, contractors, subcontractors, developers, principals, owners, suppliers, architects, engineers, lenders, attorneys, accountants and other construction professionals
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
This is primarily teleseminar training
instructor led trainingThis class may be available at a classroom in Milwaukee, WI,
Duration:1 days
Training Presented in:English
Training Provided by Lorman Education Services
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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...
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Home > Lorman Education Services > Construction > Avoiding the Risk of Subcontractor Default
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