Specialty Contractors Gather at AGC Annual Convention in Las Vegas

Specialty contractors from across the country attended the AGC of America 92^nd Annual Convention this week in Las Vegas.  The Specialty Contractors Council (SCC) Executive Committee met to discuss future initiatives and the SCC sponsored a session and reception on March 22. Effective Risk Management by Specialty Contractors This SCC-sponsored session was titled “Effective Risk Management by Specialty Contractors.” This presentation focused on the challenges associated with working in a more volatile financial environment, and in working in unfamiliar locations where the specialty contractor does not have a strong relationship with general contractors, subcontractors and suppliers. Topics included: · Killer Prime and Subcontract and Purchase Order Clauses · Controlling Risk in the Subcontractor/Vendor Intake Process · Administration of Contracts Attendees enhanced their ability to identify, assess and plan for critical issues of risk in contracting with and dealing with general contractors as well as the selection, hiring and management of subcontractors and suppliers.  They also learned specific practices that, if implemented, will increase the probability of project success from both financial and relationship perspectives. The session also featured remarks from 2011-13 Specialty Contractors Council Chair Jorge Fuentes and a presentation from Wayne Rivers of the Family Business Institute. Specialty Contractors Reception Dozens of specialty contractors gathered at this annual reception and enjoyed their time visiting with old friends and meeting new ones.  The reception was generously sponsored by The Family Business Institute; Buskerud Construction Inc.; Crawford Door Company; Gabriel Fuentes Jr. Construction Co.; MarCon Inc.; Pate Landscape Co. Inc.; Premier Fire Protection Inc.; Sinclair Masonry; Slack & Co. Contracting Inc.