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Subcontractor Default Insurance: Pros & Cons for General Contractors

Levelset

In recent years, inflation, supply chain issues, and labor shortages have only increased the likelihood of project delays, performance issues, and contractor default. While general contractors commonly use performance bonds to reduce the risk of default, a bond ultimately protects the property owner, not the GC.

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Construction Input Prices Dip in August

Construction Superintendent Magazine

. – Both nonresidential construction input prices and overall input prices fell in August as energy prices retrenched, according to a recent analysis of the Bureau of Labor Statistics Producer Price Index released by Associated Builders and Contractors. Nonresidential construction input prices were down 0.2 percent on a year-over-year basis.

ABC 40
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Danny Ellis never had a real job interview… until he met Greg Korte

The Korte Company

They hired him on the spot, then put him through a four-year apprenticeship program with Associated Builders and Contractors (ABC). That year, his company won a bid with Touchstone Builders, subcontracting for The Korte Company to frame a main office for the luxury apartment complex. But I could do it with my eyes closed.