GDP Blog

How to Manage Subcontractors

Posted by John Powter

Jan 31, 2015 10:22:00 AM


Subcontractors:  Friend or Foe?

safety
On 1/29/15 a $2.8 million construction lien was filed by subcontractors on a project.  Proper planning and preparation can help ensure you won't face this kind of action.

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 1: Prequalify and Bid Process New Call-to-action

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.

 

Managing Risk 

If you need any help in creating a Subcontractor Management Plan for your business, contact your Advisor at 800-473-8697.



 

Topics: Risk Management

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