Risk management is becoming increasingly important, especially now that the construction industry is facing rising material costs, shortages of qualified workers, and larger and more complex projects. Prequalification is the first critical step for a General Contractor to mitigate any potential supply chain risk.
You’ll learn:
1. Current Prequalification Issues
- Lack of Subcontractor Engagement
- Non-Standard Data Collection
- Privacy and Collection Security
- Repetition
- Timeliness of Data
2. Industry Solutions and Best Practices
- Subcontractor Education
- Creating a Win-Win Environment
- Quantitative and Qualitative Assessments
- Incorporating Model Technology into your workflow