If you're blaming all the contractor and subcontractor defaults lately on the recession and how thin times lead to management mistakes, such as chasing unprofitable work, here's yet another concern: Business in some sectors is picking up enough to create perils from recovery risk.
Contractors face recovery risk on the back end of a recession when they take on too much work after they've depleted their staff and cash and other assets during hard times and don't have enough resources to finish projects.