Episode 52 - Good and bad things builders did before going broke
In this episode, we're observing things builders have done both positively and negatively when struggling financially or going into liquidation.
Episode highlights include: -
- Going public with financial struggles can trigger preference payment scrutiny
- Bogus charges/liquidated damages impact subbie insurance coverage
- Dragging out non-payment strings subs along without work or pay
- Play it straight with certifying payment schedules and equipment access
- Well-documented variations protect subbie claims with principals