Financially Distressed Contractors
March 4 @ 8:00 am - 12:00 pm
Eventually, every company has to do business with financially distressed contractors. It might be a general contractor, a subcontractor, or a supplier. Understanding the unique risks associated with financially distressed contractors is critical. This class will explore:
- Warning signs of financial distress
- Providing financial assistance
- Declaring default and taking over another party’s work
- Third-party creditor risks
- Taxes
- Insurance
- Banks and sureties
- Bankruptcy
