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 take steps to protect yourself against the dreaded consequences of liquidated damages clauses, delayed payments, etc. What’s the bottom line? Don’t get caught up in someone else’s problem.
Sit back and relax for ninety seconds and listen to some timely advice on how to navigate complex supply chain issues from today’s “Ask the Surety Pro” expert, Senior Account Executive Brent Headley.