Project Selection: Anatomy of a Train Wreck

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What happens when things go wrong on a job? When they do, what can we learn from it so that we don't make the same mistakes again? Stephen has a case study this week that contains multiple important lessons that all contractors should hear.
Topics we cover in this episode include:

• A case study in construction failure
• Breaking down the facts
• Make sure insurance covers anything your project touches - including existing buildings
• Have conversations with the architect before the bid
• If you're redoing work for a bond claim, be prepared to tear everything up

LINKS
Visit the episode page at https://CarpenterCPAs.com/trainwreck for more details and a transcript of the show.
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Wade Carpenter, CPA, CGMA | CarpenterCPAs.com
Stephen Brown, Bonding Expert | SuretyAnswers.com

فصل ها

1. Project Selection: Anatomy of a Train Wreck (00:00:00)

2. A case study in construction failure (00:01:53)

3. Breaking down the facts (00:08:21)

4. Make sure insurance covers anything your project touches - including existing buildings (00:10:35)

5. Have conversations with the architect before the bid (00:12:32)

6. If you're redoing work for a bond claim, be prepared to tear everything up (00:13:49)