Subcontractor Default Insurance: Pros & Cons for General Contractors
Levelset
APRIL 28, 2022
Construction is a risky business, with among the highest rates of failure of any industry. In addition, SubGuard does not provide protection against mechanics liens from unpaid second-tier subs and suppliers. Some GCs pass the cost of the loss reserve onto the project owner and claim that amount as additional profit on the project.
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