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Tools For Tough Times
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DESCRIPTION
In these tough economic times, it is even more important that contractors manage the risk of project nonpayment. This free AGC program will provide practical tips contractors can use to protect themselves from nonpayment situations and to better manage tight economic conditions.
Topics:
TOPICS:
- Best practices for managing the risk of nonpayment
- Contractual tools and statutory protections
- Identifying alternative payment sources
- Contractor's rights when an owner/developer becomes insolvent and/or files for bankruptcy
- Dealing with construction lenders
- Protecting against subcontractor and supplier
- Things contractors can do when cash flow disappears

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