Problems
What will AGI do for Manage Subcontractor Default Risk?
General contractors and real estate developers rely heavily on specialized trade partners, but a subcontractor's sudden financial insolvency halts entire construction projects. Risk managers attempt to vet these partners before awarding contracts, but the financial health of a construction firm is opaque and highly volatile. A subcontractor looks solvent on paper while simultaneously drowning in cash flow crunches from delayed payments on unrelated job sites.