Project owners, engineering and construction firms, general contractors, construction managers, and specialty contractors face subcontractor default risk, and require critical support in determining subcontractor solvency prior to award. Using our SubSecure℠ service, Marsh’s Surety Practice can help you analyze a subcontractor’s financial standing and degree of default risk.
As part of our SubSecure℠ offering, you receive:
Based on the above reports, you can prequalify and determine whether to accept or decline a subcontractor. Or, for strong risks, you may elect to waive bonding requirements to achieve cost savings associated with bond premiums.