COR2009. Why Construction Contractors Fail and How to Turn Around a Troubled Contractor

The construction arena is very volatile and subject to extreme reactions to the economy and various external and internal factors. A good or uncertain economy provides a contractor an equal opportunity to fail, just through different means.

This session aims to provide participants the knowledge on how to:

• Identify primary causes for contractor failure
• Identify problems and warning signs
• Assess where the company is in the process of failure and or recovery
• Formulate a plan and process for recovery
• Implement recovery plan
• Review case studies

Learning Objectives:

• Recognize the primary causes for contractor failures
• Understand how to identify warning signs
• Implement the process for recovery