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Key Financial & Safety Metrics for Subcontractor Qualification 

Autodesk Construction Cloud

For another, work delays from 2021 are likely to impact the risk of subcontractor default in 2022 and beyond. . The following standard financial ratios can help risk management teams evaluate potential trade partners during the subcontractor qualification process. FINANCIAL RATIOS: DEBT . Debt Ratio .

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#67:  Paying Your Subcontractor's Employees

NH Construction Law

Similarly, New Hampshire law provides that if a subcontractor doesn’t pay amounts owed to its employees under workers’ compensation laws, the general contractor must cover those as well. But hey, who ever said that general contracting was risk-free? RSA 275:46. RSA 281-A:18.

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Tips For Hiring A Residential Contractor

Construction Law Monitor

–Lists of subcontractors and suppliers and verify that they pay their debts on time. –Proof of current insurance (should include General Liability, Worker’s Compensation and Builder’s Risk). –The contract should be modeled after standard American Institute of Architect’s (AIA) construction contract.

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Pennsylvania Incentives and Workforce Development Guide

Buisness Facilities Contributed Content

Innovate in PA Venture Investment Program: (newpa.com/innovatevip) A Commonwealth of Pennsylvania initiative intended to address the financing needs of technology-oriented businesses by increasing the amount of risk capital available. Guaranteed loans up to $500,000. Community and economic development loans that support job creation.

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North Dakota Incentives and Workforce Development Guide

Buisness Facilities Contributed Content

Business Development Loan Program: Designed to assist new and existing businesses in obtaining loans that would have a higher degree of risk than would normally be acceptable to a lending institution. It makes investments of up to $1,000,000 through direct loans, participation loans and subordinated debt and equity investments.

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North Dakota Incentives and Workforce Development Guide

Buisness Facilities Contributed Content

Business Development Loan Program: Designed to assist new and existing businesses in obtaining loans that would have a higher degree of risk than would normally be acceptable to a lending institution. It makes investments of up to $300,000 through direct loans, participation loans and subordinated debt and equity investments.

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State by State Incentives Guide

Buisness Facilities Contributed Content

CAPCO financing, an alternative to conventional bank financing, can accommodate a slightly higher risk profile and provide a more flexible structure for growing businesses. Additionally, the company must demonstrate that it can service the debt. Eligibility requirements include: Headquartered in Alabama or will be relocated to Alabama.

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