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.