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QUALIFYING THE SUBCONTRACTOR Thorough Contractor qualification practice is extremely important for helping to reduce potential loss exposures. The following list includes the most common key components to examine: § License Status – Do they have the necessary licenses and certifications to perform the work in question? § Financial Status – Will they be in a position to complete the job in a professional manner § Company experience – Previous work, types of projects, years in business in this location § Organization – Management experience and hiring practices § Current projects/backlog – Are they too busy to devote proper attention to the job.
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Safety program and training of employees. |
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and Insurance Company, 2004