Subcontractors: Friend or Foe?
Managing subcontractors can be a daunting task and there are many risks associated with the process. GDP Advisors created a Subcontractor Management Plan (SMP) to help. You don't have to be in construction to use this plan; it can be used for any class of business.
Make sure that doesn't happen to you by being proactive throughout the process. If you have any questions contact your GDP Advisor.
Our SMP includes the following:
Step 2: Insurance Considerations
Step 3: Start of the Process
Step 4: Worksite Safety Plan
Step 5: Safety Training and Record-Keeping
Step 6: Safety Checklist
Our plan contains key components that should be considered when drafting an SMP. Of course, the guide is not all-inclusive and certain areas may not apply to your contract. Also, don't forget to include other components or areas pertinent to your contract.
If you need any help in creating a Subcontractor Management Plan for your business, contact your Advisor at 800-473-8697.