Implementing sound prequalification processes has proven to be a winning strategy for successful power industry projects. Formal preconstruction phases have increasingly been employed to control costs ...

Highwire, a platform for capital project construction and operations, has launched its new Prequalification solution. This solution enables general contractors (GCs) to assess their subcontractors' ...

New assessments allow general contractors to understand contractors' financial viability, capacity, experience, and other default risks. Highwire's Prequalification includes past project experience, ...

In collaboration with ConsensusDocs, iSqFt has launched a new online platform designed to make the prequalification process for contractors and subcontractors seeking new work more efficient. The new ...

Among the worst nightmares for every construction project is the subcontractor default, where a particular trade subcontractor cannot meet its contractual obligations due to insolvency, mispricing or ...

There have never been so many digital tools available to determine the fitness of a contractor or subcontractor and to reduce the work involved for companies to insure getting the right bidders. With ...

Even in the best economic climate, construction is a risky business. Budget overruns, project and scheduling changes, safety issues, the economic climate and even the weather create unique challenges ...

Subcontractors on the COMPASS Select List receive a 2022 Select Badge, public profile page, and a media page to help promote their strength and expertise to supplement their business development ...

Earlier this month, a subcontractor default insurance company filed suit against an electrical subcontractor in New York state court. The claim: a $12.8 million loss caused by the subcontractor’s ...

It is hereby Ordained by the City Council of the City of Burlington as follows: That Chapter 21, Offenses & Miscellaneous Provisions, Article V, Prequalification of Construction Contractors, of the ...