The general or prime contractor is responsible for the completion of all aspects of a contract, regardless of whether they actually perform the work or subcontract it to a third party. While requiring a bond on the subcontractors is the Technical Assurance recommended risk transfer technique, bonding all subcontractors at all times is often impractical or cost prohibitative. Waiving the bonds, however, and the contractor assumes the responsibility for prequalification.
Technical Assurance is a service provider with particular expertise in the prequalification process. While not a guarantee or remedy to contractor failure, we can establish and help implement specific pre-qualification criteria based on the risk and complexities for that scope to improve your source selections.
So whether you are a general contractor prescreening area subs or working in support of an emerging contractor program, Technical Assurance can offer third party, prequalification assistance and help implement an underwriting program similar to those we employ for our own accounts.