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Subcontractor Default Insurance: Pros & Cons for General Contractors

Levelset

Construction is a risky business, with among the highest rates of failure of any industry. Some GCs pass the cost of the loss reserve onto the project owner and claim that amount as additional profit on the project. To replace the original subcontractor, ABC Builders hires Water Works to finish the project at a cost of $1.2

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Seven Construction Associations You Should Consider Joining

Fieldwire

Here are some reasons to consider joining an association: Expand your knowledge: Gain access to courses, seminars and educational materials to stay up to date on industry trends. AIC members serve the construction industry through professionalism and a commitment to high ethical standards. Reasons to Join. Specialty Organizations.

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Business Success: Easy as 1, 2, 3?

Pro Builder

A home builder in that situation may stick around and even be somewhat profitable, but they’ll do a lot of damage in the process and leave a lot of money on the table. That scenario is, in fact, the legacy of our industry, and so many of our senior leaders today built their careers on being such heroes. Easy as 1, 2, 3?

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The Small Business Guide to Construction Management Software

Autodesk Construction Cloud

Unlike industry behemoths, smaller players can move faster and be more nimble because there’s not a lot of corporate red tape. . If you’re an SMB in the construction industry, you’ve likely built a strong reputation that helps you win new and repeat business. . Unfortunately, the industry is struggling to accomplish this. .

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