Subcontractor default is a construction project nightmare that can result in significant additional costs and delay completion of the project. But there are two chief options to protect against such risks — performance bonds and subcontractor default insurance. In my recent article for the Daily Journal of Commerce, I outline the unique characteristics of each of these options and address project consequences. Read the full article here.
“Protections Against Subcontractor Defaults” was originally published by the Daily Journal of Commerce on Friday, November 20, 2015.