The Building BITE

On this episode, Jason Lamonica, Senior Vice-President and Profit Center Leader of Subcontractor Default Insurance at AXA XL walks us through the history of SDI and shares (5) Key things that Contractors should look out for to mitigate risk. Jason comments on five tenets across SDI and the importance of: 1. GCs picking the right projects during the pursuit process 2. The importance of continuous qualification rather than just prequalification 3. The importance of paying attention to overall quality on job sites He continues into (4) schedule and shares that delays are one of the hardest things to quantify when it comes to a default on any contractual claim. It's essential to update schedules regularly. Lastly, he dives into (5) "contractual wording" and the importance of knowing your contracts, understanding what you're getting involved with, and understanding your responsibility. The show takes a bite out of the buzzword force majeur. Follow @TheBuildingBITE Listen to the show at http://www.TheBuildingBITE.com/