Is Poor Management of Subcontractors Putting Your Projects At Risk?
Subcontracting in the AEC industry has greatly increased in recent years. Poor management of subcontractors can put your projects at risk.
Subcontracting in the AEC industry has greatly increased in recent years. Technology, size, and scale of projects tend to be larger and more complex. As a result, many firms subcontract work because of insufficient resources or expertise in a specific area. For firms working in the government arena, contracts may require a certain participation rate of MBE, WBE or other partners with disadvantaged business status.
Since the performance level of subcontractors is a reflection of the company that hired them, it’s critical to effectively manage them throughout the course of daily operations until a project is complete. Following these tips should help streamline this process and prevent unnecessary complications:
- Picking the right partner
- Knowing your numbers
- Setting the stage
- Ongoing communication
- Overseeing and monitoring projects
Subcontracting work to qualified partners continues to be an effective strategy for companies who have insufficient resources or expertise in a specific area. Download our whitepaper, Subcontractor Management for Engineering Companies, for an in-depth analysis of these subcontractor management strategies that can have a positive impact on your customer relationships and your bottom line.
