Verifying and analysing your subcontractors’ financial prequalification information is one of many key steps in your subcontractor selection process. It may seem tempting to rely solely on that information, with limited or no information being collected about the subs’ past operational performance.
However, there are many other aspects of their business and culture that will directly impact the success of your projects - for better or for worse. Therefore, it’s crucial that you broaden your prequalification approach to include additional information – including a thorough check of your potential subcontractors’ references.
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