Did You Know Contractors Are 3x More Likely To Fail In A Rebound Than A Recovering Economy
Published in CFMA's Building Profits Magazine in the Jan/Feb issue, this article examines the risks of a rebounding economy on construction participants, and how companies can protect themselves from these risks.
Since subcontractor and contractor default is more likely in this environment than in previous environments, and the access to cash and flow of cash is tighter than in recent history, the stage is set for high tension.
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Scott Wolfe is the CEO of zlien. He is a licensed attorney in six states with extensive experience in construction law, formerly practicing as a construction litigator with Wolfe Law Group, a bi-coastal law practice he founded. He is the graduate of Loyola New Orleans College of Law, and Southern Methodist University.