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Home ยป ConsensusDocs Provide a New Prequalification and Subcontractor Default Prevention Resource Center
Construction Law

ConsensusDocs Provide a New Prequalification and Subcontractor Default Prevention Resource Center

September 16, 2024Updated:September 26, 2024No Comments2 Mins Read
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Subcontractor defaults pose an urgent and significant risk to the construction industry, with potentially far-reaching consequences. The 2024 AGC/FMI Study revealed that 70% of survey respondents reported an increase in subcontractor distress or defaults compared to the previous year, and nearly half of respondents reported project disruptions due to subcontractor defaults. This underscores...

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Building ConsensusDocs Construction Law Federal/Heavy Highway Infrastructure Utility
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Regional AASHTO-AGC-ARTBA Joint Committee Meetings Kick-Off

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