Is the Pressing Issue Payment Abuse or Sub Default?

摘要

The perception of risk depends on where you live on the payment chain. That point became painfully clear after Balfour Beatty Construction's Ed Littleton described the way he manages through the changing landscape of construction risk, including subcontractor defaults, from the point of view of a top construction manager. By the time the second keynote speaker at ENR's first Risk & Compliance Summit, Bigane Paving Co.'s Anne Bigane Wilson, took the podium to call for an end to subcontractor payment abuses, her conversation seemed to have as much to do with morality and the public good as with management. The prompt payments that subs need to stay alive, she implied, were just as important as the risks to the prime contractor of subs going belly up.