The ever-rising cost of completing construction projects is making it common place to see the low bid contractor selected for projects which they cannot possible complete.
This may be a dangerous trend.
Too often, owners who believe that even if contractors cannot complete the work, then insurance companies must make good on the final product. This puts insurance companies at a huge disadvantage because it is often too late to salvage a project, both financially and logistically, by the time a less-than-qualified contractor has been declared in default.
Oversight and periodic reviews of contractor performance help provide "insurance" for the insurance companies.
I was happy when I reading your blog. Its gives me an idea regarding those irresponsible contractors. I hope you add more for your new blogs because its really a big help for a person like me who don't have an idea regarding constructions.
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