Among the many difficulties posed by the roofing industry’s continued supply crunch, roofing contractors are starting to face some challenges dealing with payments and performance bonds. With project delays more and more common due to the lack of materials, this is fast becoming an issue that many roofing contractors don’t know that much about, said legal expert Trent Cotney, partner at Adams and Reese.
“Contractors are not aware of a problem until it happens. And then they’re surprised and shocked,” Cotney said in the latest Legal Insights video chat with RC. “We’ve seen it in at least a dozen recent projects … so I’m seeing a consistent theme.”