Surety Considerations for Succession Planning in Construction
Failure to develop a succession plan can result in the denial of bonds and loss of contracts for construction projects writes Sterling Risk Advisors’ Doug Rieder and Bennett Thrasher’s Thomas Jollay in the September/October edition of CFMA Building Profits.
Even though most construction owners understand why they should develop a succession plan, taking steps to do so remains one of their greatest challenges. After all, succession planning requires owners to address two uncomfortable truths: dealing with their own mortality and giving up their business. Click below to see how to get started on a succession plan securing your company’s immediate and long-term future.