🔗 LINKS

Visit the episode page for more details and a transcript of the show.

Subscribe to get notified as soon as new episodes go live.

ℹ ABOUT THIS EPISODE

Most contractors don't fail from one bad job—they go broke slowly over time. Liberty Mutual's claims analysis reveals the top 4 categories that bankrupt contractors: cash flow deterioration, dangerous changes, subcontractor network failures, and risky bond terms.

Wade Carpenter and Stephen Brown break down each category with practical insights to protect your business and maintain strong surety relationships.

⌚️ Key moments in this episode:

00:00 Why Contractors Fail Slowly
00:25 Liberty Mutual Claims Lessons
02:11 Category 1 Cash Flow Red Flags
03:08 Job Borrow and Late Financials
06:28 Category 2 Dangerous Change
10:13 Category 3 Subcontractor Network Risk
12:13 Category 4 Contract and Bond Traps
14:42 Surety Support During Claims
16:07 Key Takeaways for Bonded Work
17:45 How to Reach Stephen
19:03 Wrap Up and Subscribe

The Contractor Profit Blueprint is a complete guide that breaks down exactly how to identify where your money's going and start keeping more of it. This isn't theory. It's the same framework I use with contractors I work with every single day.

Head to profitfirstconstruction.com/blueprint to download your free copy.

Stop working for free. Let's get you keeping what you've earned.

Join the Profit First for Construction community!

Find all episodes and related links at ContractorSuccessForum.com.

Join the conversation on our LinkedIn page: https://www.linkedin.com/company/CarpenterCPAs

FIND US ONLINE
Wade Carpenter, CPA, CGMA | CarpenterCPAs.com
Stephen Brown, Bonding Expert | SuretyAnswers.com

Top 4 Mistakes That Bankrupt Contractors (Avoid Them!)