Advantage Legal Seminars :: Construction :: Avoiding the Risk of Subcontractor Default

Avoiding the Risk of Subcontractor Default

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.

Faculty: James L. Bly; CPA; CPCU; Marsh USA; Inc.

Verification and Attendance is the responsibility of Lorman Education For credit questions, please contact Lorman at 866-352-9540

On Demand CLE Hours: AZ 1.5; CA 1.5; MO 1.8; MS 1.5; MT 1.5; TN 1.5; VT 1.5; WA 1.5; WI 1.5; WV 1.8

Self-Study CLE Hours:CA 1.5; CO 2; GA 1.5; ME 1.5; MT 1.5; NV 1.5; UT 1.5; VT 1.5; WA 1.5; WV 1.8

On demand orders placed on a weekend or holiday will be fulfilled on the next business day.
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Price: $77.00
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