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What Is a Certificate of Insurance (COI) for Contractors — and When Do You Need One?

Levelset

To help your business remain viable, contractor’s insurance should be a crucial part of your financial strategy. Insurance also puts other parties’ minds at ease when they want to hire you as a specialty contractor. A certificate of insurance (COI) is a valid form used to prove that you carry the appropriate insurance policy.

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Construction Estimating

Chianelli Estimating

Construction estimating is an important task that should not be overlooked or done in a careless manner. Failing to prepare a reliable construction estimate could make the difference between a successful project and a complete fiasco aided by a calamity of errors. Choosing the lowest bid is not always the best practice.

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What Contractors Need to Know About Surety Bonds

Construction Marketing

A surety bond is a contract between the following three parties: • Principal – The construction company or individual seeking the bond. There are many categories of surety bonds you will likely encounter as a contractor, including construction bonds and contract bonds. Are Surety Bonds Insurance? Bond Types.

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Construction Business Owner Blogs

Construction Business Owner

INSURANCE |. Construction Law. Construction Safety. Construction Business Owner Magazine. Construction Business Owner E-Newsletter. -->. ” » The Expensive Process of Bidding. Nowhere is that more true than the construction industry. STRATEGY |. MANAGEMENT |. ACCOUNTING |. SOFTWARE |.

Bidding 149
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Is Your Construction Team Prepared for Cyber Risks?

Pro Builder

Is Your Construction Team Prepared for Cyber Risks? A cyber loss involving employee and customer information can affect any business, and your construction team is no exception. Malicious cyberattacks could impact project designs, bid data, and security system information involved in architectural proposals. Ransomware.

Risk 92
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Key Financial & Safety Metrics for Subcontractor Qualification 

Autodesk Construction Cloud

For one thing, circumstances can change quickly in today’s uncertain construction industry. Extracting key ratios from financial statements and safety metrics from OSHA filings allows builders to gauge a subcontractor’s short-term and long-term health — and empower estimators with the data they need to make more informed bidding decisions. .

Safety 94
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Construction Business Owner Blogs

Construction Business Owner

INSURANCE |. Construction Law. Construction Safety. Construction Business Owner Magazine. Construction Business Owner E-Newsletter. -->. Construction Software – Is it Time to Buy? » The (Construction) Telephone Game. What does the telephone game have to do with construction operations?