Risk Management
What Suggestions Do You Have for Navigating the Current Supply Chain Bottlenecks?
Supply chain issues are getting complicated and intertwined, especially on projects with multiple primes. In Pennsylvania, for example, there can be up to four primes on a single project. Can one contractor with no supply chain issues be negatively impacted by a different contractor’s supply chain problems? The short answer is yes! But you can…
Read MoreWhat Are the Benefits of Requiring Subcontractors to Bond-Back on My Projects?
Brent Headley, Surety Account Executive at Anderson & Catania Surety Services LLC, explains why general contractors should ask subcontractors to post a performance and payment bond back to them. At What Dollar Amount Should Subcontractors Bond-Back? There are many answers to this question. If a bond-back is required by the surety company, the surety company…
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