Subcontractors are crucial for efficient, specialized, and sustainable project completion but introduce significant supply chain risks related to qualifications, safety, and financial health. Almost ...
Many companies only vet and prequalify their prime contractors and suppliers, leaving subcontractors unchecked. This can lead to hidden risks due to a lack of visibility. Relying solely on prime ...
Emily Murphy, former administrator of the General Services Administration and current senior fellow at the George Mason University Business School’s Center for Government Contracting, has published ...
Almost every subcontract I see includes some type of “pay-if-paid” provision, meaning the general contractor (GC) is not required to pay the subcontractor until and if the GC receives payment from the ...