SUBCONTRACTOR RISK MANAGEMENT

In today's challenging economic times, Riley Construction has implemented a sophisticated subcontractor prequalification process. Aside from working with subcontractors we know and have long-term relationships with, we have taken the extra step to introduce our own financial “stress test” to assure a company's solvency. This includes a new prequalification process that includes review of audited financial reports, and confirmation of its insurance and bonding capacity.

SUBGUARD INSURANCE

Riley Construction is currently the only Wisconsin-based construction services firm able to offer Subguard insurance coverage . Subguard replaces the need for subcontractor payment and performance bonds, and allows Riley better control in managing subcontractor default claims. By directly paying Riley for costs resulting from a subcontractor default, Subguard helps the project to continue without delay on its original schedule at no additional cost.

All of this is in place and can be executed to further protect you and your project from any unforeseen circumstances.