Description
CCA 50 offers detailed guidance to prime contractors on understanding their client’s financial strength and how they are financing your project. This guide shows how a prime contractor can minimize the risk of non-payment prior to bidding on a project, prior to signing a contract, and during the administration of a contract. A financing risk management checklist is also provided to list questions that a prime contractor should ask during the bidding and contracting stages, and types of security available to minimize the risk of non-payment.
