Subcontractor Default Insurance: Pros & Cons for General Contractors
Subcontractor Default Insurance: Pros & Cons for General Contractors
Construction is a risky business, with among the highest rates of failure of any industry. In recent years, inflation, supply chain issues, and labor shortages have only increased the likelihood of project delays, performance issues, and contractor default. While general contractors commonly use performance bonds to reduce the risk of default, a bond ultimately protects […]
The post Subcontractor Default Insurance: Pros & Cons for General Contractors appeared first on Levelset.
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Construction is a risky business, with among the highest rates of failure of any industry. In recent years, inflation, supply chain issues, and labor shortages have only increased the likelihood of project delays, performance issues, and contractor default. While general contractors commonly use performance bonds to reduce the risk of default, a bond ultimately protects […]
The post Subcontractor Default Insurance: Pros & Cons for General Contractors appeared first on Levelset.
Construction is a risky business, with among the highest rates of failure of any industry. In recent years, inflation, supply chain issues, and labor shortages have only increased the likelihood of project delays, performance issues, and contractor default. While general contractors commonly use performance bonds to reduce the risk of default, a bond ultimately protects […]
The post Subcontractor Default Insurance: Pros & Cons for General Contractors appeared first on Levelset.
When a property owner files an insurance claim to cover a restoration or roofing project, the owner typically deals directly with the insurance company. They may not have the funds available to pay the contractor out of pocket, so they’re counting on that insurance check to cover the construction costs. But insurance companies often drag […]
The post Assignment of Benefits for Contractors: Pros & Cons of Accepting an AOB appeared first on Levelset.
When a property owner files an insurance claim to cover a restoration or roofing project, the owner typically deals directly with the insurance company. They may not have the funds available to pay the contractor out of pocket, so they’re counting on that insurance check to cover the construction costs. But insurance companies often drag […]
The post Assignment of Benefits for Contractors: Pros & Cons of Accepting an AOB appeared first on Levelset.
Amid the pandemic, a lot of CARES Acts suggest using forbearance if you are affected by COVID-19. Hence, Mercedes is rejoined with Caeli Ridge from Ridge Lending Group who explains what are the pros and cons of this mortgage agreement, who should use it, and who should avoid it. Tune in and find out more!
Learn more about your ad choices. Visit megaphone.fm/adchoices
Amid the pandemic, a lot of CARES Acts suggest using forbearance if you are affected by COVID-19. Hence, Mercedes is rejoined with Caeli Ridge from Ridge Lending Group who explains what are the pros and cons of this mortgage agreement, who should use it, and who should avoid it. Tune in and find out more!
Learn more about your ad choices. Visit megaphone.fm/adchoices
Major M&E firms prepare for work surge after riding out pandemic
Major M&E firms prepare for work surge after riding out pandemic
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