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The Building BITE: 9 Steps to Managing Subcontractor Default Risk with Jim Budwell, Dir. of SDI Risk Mgmt. at CRP
This episode takes a BITE out of Subcontractor Default Insurance with Jim Budwell, Director of SDI Risk Management at Construction Risk Partners. Jim shares CRP’s 9 Step Process to Managing Subcontractor Default Risk. Steps include: Being Alert for Early Warning Signs, Follow Your T&Cs, Communicate/Escalate Accordingly, Act Promptly and Formally, Determine Whether to Supplement or Terminate, Document Site Conditions Related to the Defaulted Sub, Set Up a Cost Code Specific to the Defaulted Sub, Define Default Resolution/Mitigation Plan and Communication of Default Status with Broker partners and SDI Carriers.
Follow @TheBuildingBITE
Listen to the show at http://www.TheBuildingBITE.com/
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By Proactive
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This episode takes a BITE out of Subcontractor Default Insurance with Jim Budwell, Director of SDI Risk Management at Construction Risk Partners. Jim shares CRP’s 9 Step Process to Managing Subcontractor Default Risk. Steps include: Being Alert for Early Warning Signs, Follow Your T&Cs, Communicate/Escalate Accordingly, Act Promptly and Formally, Determine Whether to Supplement or Terminate, Document Site Conditions Related to the Defaulted Sub, Set Up a Cost Code Specific to the Defaulted Sub, Define Default Resolution/Mitigation Plan and Communication of Default Status with Broker partners and SDI Carriers.
Follow @TheBuildingBITE
Listen to the show at http://www.TheBuildingBITE.com/