Roofing contractors looking to gain extra business by pursuing public work can earn extra business and revenue, though they need to be wary of requirements that might make it tougher.
This is the warning Trent Cotney, partner at Adams and Reese, issued during the latest Legal Insights video. In it, he chats with RC Publisher Jill Bloom about what contractors should do if they’re looking to add public work to their normal day-to-day jobs.
“You want to take the time to understand not only what’s in that contract if you win that bid, but also the warranty requirements,” said Cotney.
Other issues contractors ought to keep in mind is how different the landscape is in regards to payment and performance bonds in a post-COVID economy. In the instances where a contractor gets to the end of a project and doesn’t comply, Cotney provides some examples of what they can do to legally and politically maneuver to find proper solutions, or in the best-case scenario, avoid the situation entirely by prepping ahead of time.
In addition to this, Cotney examines the unwelcomed situation of when subcontractors need payments from a general contractor who has filed bankruptcy. Learn what to keep an eye out for if you find yourself dealing with a company that has filed bankruptcy.