7 Signs Your Subcontractor is in Financial Distress

In today's business landscape, financial stability is paramount. Did you realize that contractor financial risk accounts for nearly half of all risk events? Moreover, an astounding 55% of organizations identify contractors' insolvency as a prime financial concern originating from the supply chain. Financial stress has far-reaching implications, with 80% of employers revealing that it adversely affects employee performance, causing substantial annual losses.

But how do you identify if your subcontractor is grappling with financial troubles? This infographic will walk you through the 7 critical indicators to look for.

Safeguard your projects from financial risks and choose a proactive approach with Avetta's leading supply chain management platform. Ensuring your subcontractors are certified, trained, insured, financially sound, and free from other business risks. Protect your projects with Avetta today.

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Sponsored by Avetta:

Avetta offers a low-cost and secure contractor qualification and monitoring solution that allows you to gather, verify, store and easily manage all of the documents you require from your contractors, vendors, and suppliers. With real-time reporting and a holistic view of your supply chain, we save you time, reduce your contractor management costs, and minimize your risk exposure when hiring third-party vendors. Learn more at Avetta.com