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1 Step You Can Take for Protection Against Bankrupt Manufacturers

I  wish I had mentioned this issue in my recent presentation to the ABA Construction Forum but another solar manufacturer filed bankruptcy. Given the issues with the economic viability of sustainable products, owners and contractors need to look closely at sustainable manufacturers by protecting themselves with contract language.

Specific language to use would be:

  1. increased due diligence,
  2. scheduling modifications;
  3. aggressive notice requirements, and
  4. qualifying payments based solely on performance.”