Veriforce Acquires Highwire, Expanding Leadership in Contractor Risk Management
The combined expertise and scale deliver stronger safety, compliance and financial risk management for construction and capital projects worldwide
How Can Prime Contractors Ensure Site Safety While Using Subcontractors?
With subcontracting becoming increasingly common in the construction industry, so have problems that arise from the practice. While smaller firms may have a better grasp of who is doing what, many larger firms frequently do not have a clear handle on their suppliers and contractors.
“The lack of visibility into, and control over, those supply chains poses all sorts of problems,” says Jeff Muto, chief marketing and strategy officer at supply chain risk performance network Veriforce. “This is especially true of the subcontractor ecosystem – some of the largest construction companies on the planet may have absolutely no awareness into who is on their work site.”
And when you lack visibility, it can be impossible to apply risk management practices upon companies or people that you don’t even know exist.
