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OnDemand Course

Avoiding the Risk of Subcontractor Default

Learn best practice procedures for prequalifying subcontractors and managing subcontractor default risk.

Learn the elements of effectively protecting your company when contracting with trade subcontractors for construction projects. Learn the steps to take to check the ability of a subcontractor to perform a project on time. Receive critical subcontract provisions to include in your invitation to bid and your subcontract form. Finally, you will learn the specific steps to take when the subcontractor's performance fails to meet your standards, as well as effectively putting a surety on notice to take action. This information will also look at risks from the subcontractor's perspective, to avoid situations beyond the financial capacity and control which affect the subcontractor's performance.

88 minutes
Certificate of Completion
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Why Lorman?

Over 34 years and 1.4 million customers worth of experience providing continuing education. Our passion is providing you world-class training to help you succeed in business and as a professional.

Agenda

The Risks of Subcontracting

  • Before the Project Starts - Evaluating the Subcontractor
  • Traits of a Successful Subcontractor
  • Bid Form - What to Require From the Subcontractor
  • Insurance Against Failure to Perform
  • Protection Against Bankruptcy
  • Surety Bonds

Important Contract Provisions

  • The Schedule
  • Cure Provision
  • Payment Terms

When Trouble Appears

  • Default Termination Provisions
  • Replacing a Subcontractor
  • Notices to the Surety for Performance Bond
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More Program Information

Why Lorman?

Over 34 years and 1.4 million customers worth of experience providing continuing education. Our passion is providing you world-class training to help you succeed in business and as a professional.

Credits

OnDemand Course

Applications have not yet been submitted for Delaware, Idaho, Kentucky, Maine, New Hampshire, Ohio, Oklahoma, South Carolina, and Wyoming CLE for this course. However, if you are interested in obtaining CLE for any of the listed states or have any additional credit questions please email us at [email protected] or call us at 866-352-9540.

This course was last revised on March 11, 2019.

Call 1-866-352-9540 for further credit information.

  • CA MCLE 1.5
     
  • Lorman Business Center, LLC. is a State Bar of California approved MCLE sponsor and this course qualifies for 1.5 CLE hours of participatory credit.
     
  • WA CLE 1.5
     
  • This program has been approved by the Washington State Board of Continuing Legal Education for 1.5 hours of A/V credit under the Law & Legal Procedure category.
     

To earn each credit Lorman offers through the OnDemand learning platform, you need to watch 100% of the program. Also, for certain credits you will need to fulfill additional requirements which will be displayed on the "credits" tab when viewing the course.

This program does NOT qualify, nor meet the National Standard for NASBA accreditation.

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Why Lorman?

Over 34 years and 1.4 million customers worth of experience providing continuing education. Our passion is providing you world-class training to help you succeed in business and as a professional.

Faculty

Nicholas S. Papleacos

Nicholas S. Papleacos

Chamberlain, Hrdlicka, White, Williams & Aughtry

  • Shareholder in the Atlanta, Georgia office of Chamberlain, Hrdlicka, White, Williams & Aughtry
  • Specializes in construction law and litigation since 1981
  • Adjunct professor, Construction Management Department, College of Architecture & Construction Management, Kennesaw State University, Kennesaw, GA
  • Co-author, Georgia Construction Law
  • Chair, Southern Polytechnic State University Foundation
  • Executive Committee, Kennesaw State University Construction Management Industry Advisory Board
  • Trustee, Kennesaw State University Foundation; member, Real Estate Committee
  • Former chairman of the board, Diakonia Retreat Center, Greek Orthodox Metropolis of Atlanta
  • Presenter at seminars for industry groups and clients on contract and claim issues for over 30 years
  • Admitted in State of Georgia, Court of Appeals and Supreme Court of Georgia; United States District Court, Northern and Middle Districts of Georgia; United States Federal, Fifth and Eleventh Circuit Courts of Appeal; United States Court of Federal Claims
  • J.D. degree, University of South Carolina School of Law; A.B. degree, Harvard College
  • Can be contacted at 191 Peachtree Street N.E., Atlanta, GA 30303, [email protected] or 404-588-3422
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Why Lorman?

Over 34 years and 1.4 million customers worth of experience providing continuing education. Our passion is providing you world-class training to help you succeed in business and as a professional.

All of your training, right here at Lorman.

Pay once and get a full year of unlimited training in any format, any time!


  • OnDemand Courses
  • Live Webinars
  • MP3 Downloads
  • Course Manuals
  • Executive Reports
  • White Papers and Articles

Additional benefits include:

  • State Specific Credit Tracker
  • All-Access Pass Course Concierge

Questions? Call 877-296-2169 to speak with a real person.

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Product ID: 400367
Published 2019
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