Construction Business Owner

JANUARY 5, 2012

INSURANCE |. Evaluate Bidding Strategy. There are fewer projects to bid and what projects are available are being bid by more people. Consequently, the bidding climate is very competitive with some work going to people bidding below cost. STRATEGY |. MANAGEMENT |. ACCOUNTING |. SOFTWARE |. MARKETING |.

Bidding 120

Bidding Construction Software Software 120

Construction Business Owner

DECEMBER 9, 2011

INSURANCE |. In fact, project managers should worry about implementing more safe practices because it can affect the way they bid on jobs. Fewer accidents also mean lower insurance premiums, which mean lower labor costs. Home Contact Us About Us Subscribe Advertise Legal Disclaimer Site Map -->. STRATEGY |. MANAGEMENT |.

Construction 136

Construction Insurance Software Software 136

Levelset

APRIL 28, 2022

Subcontractor default insurance is one alternative to a surety bond that works to protect a contractor from the financial burden when one of their subcontractors defaults. Related: 16 types of insurance coverage for contractors. What is subcontractor default insurance? How SubGuard insurance works.

Insurance 52

Insurance Contractors Claims ABC 52

Job Order Contracting

SEPTEMBER 28, 2016

Example include, general and administrative and other overhead costs, insurance costs, bonding and alternative payment protection costs, protective clothing, equipment rental, and contractor’s profit. Employee payroll taxes, insurance and fringe benefits. Subcontractors’ overhead and profit. All waste and excess material.

Contract 100

Contract Overhead Insurance Profitability 100

Construction Business Owner

APRIL 2, 2011

INSURANCE |. For those of you contractors doing government work: relish the competition involved with bidding. Home Contact Us About Us Subscribe Advertise Legal Disclaimer Site Map -->. STRATEGY |. MANAGEMENT |. ACCOUNTING |. SOFTWARE |. MARKETING |. EQUIPMENT |. General Management. Software & Technology. Accounting & Finance.

Construction 159

Construction Software Software Accounting 159

Construction Business Owner

APRIL 26, 2012

INSURANCE |. Legal language is often unclear, resulting in differences in interpretations that can disrupt and delay projects, increasing costs. Meet with them before every project to discuss not only the contractual provisions for scope of work and change orders, but also what you bid and why. STRATEGY |. MANAGEMENT |.

Change Orders 120

Change Orders Construction Profitability Software 120

Levelset

OCTOBER 13, 2022

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.

Insurance 52

Insurance Certification Contractors Liability 52

Construction Business Owner

JANUARY 5, 2012

INSURANCE |. It’s often easy to bid on a job, start work, and miscalculate how far along in the project you are versus the amount of money you’ve spent. This year, I encourage you to close the gap between your bids, your projections, and the actual cost of the project. STRATEGY |. MANAGEMENT |. ACCOUNTING |. SOFTWARE |.

Construction 120

Construction Software Software Accounting 120

Construction Business Owner

JANUARY 12, 2012

INSURANCE |. The Expensive Process of Bidding » Save Time, Resources – File Electronically. Home Contact Us About Us Subscribe Advertise Legal Disclaimer Site Map -->. STRATEGY |. MANAGEMENT |. ACCOUNTING |. SOFTWARE |. MARKETING |. EQUIPMENT |. General Management. Software & Technology. Accounting & Finance. productivity.

Construction 136

Construction Software Software Accounting 136

Construction Law Monitor

OCTOBER 6, 2015

As a result, public bid law has come into frequent use. If you are in the construction industry, understanding public bid law can help you be aware of the potential risks/rewards of your next public works project. What is Public Bid Law? Regulatory Framework of Public Bid Law. Public contracts involve tax-payer funds.

Bidding 40

Bidding Louisiana Regulation Contract 40

Construction Law Monitor

OCTOBER 6, 2015

As a result, public bid law has come into frequent use. If you are in the construction industry, understanding public bid law can help you be aware of the potential risks/rewards of your next public works project. What is Public Bid Law? Regulatory Framework of Public Bid Law. Public contracts involve tax-payer funds.

Bidding 40

Bidding Louisiana Regulation Contract 40

Construction Business Owner

NOVEMBER 3, 2011

INSURANCE |. In addition to providing critical insight to a bid, tender or proposal, the theoretical “buy-in” to the process from the field manager is invaluable. Home Contact Us About Us Subscribe Advertise Legal Disclaimer Site Map -->. STRATEGY |. MANAGEMENT |. ACCOUNTING |. SOFTWARE |. MARKETING |. EQUIPMENT |. productivity.

Construction 120

Construction Software Software Accounting 120

Safety Services Company

FEBRUARY 13, 2024

After all, safety first, bidding next. Qualification – Completing the Annual Update is necessary for contractors to maintain a prequalified status to bid and work on projects. Staying current through the annual update is essential for contractors to legally and safely conduct work on regulated properties and projects.

FAQ 90

FAQ Contractors Management OSHA 90

Construction Business Owner

JANUARY 13, 2012

INSURANCE |. « The Expensive Process of Bidding. Home Contact Us About Us Subscribe Advertise Legal Disclaimer Site Map -->. STRATEGY |. MANAGEMENT |. ACCOUNTING |. SOFTWARE |. MARKETING |. EQUIPMENT |. General Management. Software & Technology. Accounting & Finance. Construction Law. People Management. Green Building.

Construction 120

Construction Software Software Accounting 120

Construction Business Owner

JANUARY 26, 2012

INSURANCE |. Venture helps you manage your contacts using construction specific criteria, invite potential partners to bid on work, and even prequalify subcontractors, so you create the best team for the job. Home Contact Us About Us Subscribe Advertise Legal Disclaimer Site Map -->. STRATEGY |. MANAGEMENT |. ACCOUNTING |.

Construction 120

Construction Software Software Documentation 120

Construction Business Owner

NOVEMBER 17, 2011

INSURANCE |. With the number of companies bidding on each job increasing and the margins getting smaller, it is imperative that you know the true health of you fleet. Home Contact Us About Us Subscribe Advertise Legal Disclaimer Site Map -->. STRATEGY |. MANAGEMENT |. ACCOUNTING |. SOFTWARE |. MARKETING |. EQUIPMENT |.

Construction 136

Construction Software Software Equipment 136

Construction Business Owner

OCTOBER 14, 2011

INSURANCE |. But I have been surprised at the number of contractors who tell me that they have bid for jobs at break-even or at a loss. Home Contact Us About Us Subscribe Advertise Legal Disclaimer Site Map -->. STRATEGY |. MANAGEMENT |. ACCOUNTING |. SOFTWARE |. MARKETING |. EQUIPMENT |. General Management. Construction Law.

Change Orders 120

Change Orders Construction Software Software 120

Construction Business Owner

APRIL 4, 2011

INSURANCE |. – will ultimately determine if you are on the bid list or in the negotiating room for the next project. Home Contact Us About Us Subscribe Advertise Legal Disclaimer Site Map -->. STRATEGY |. MANAGEMENT |. ACCOUNTING |. SOFTWARE |. MARKETING |. EQUIPMENT |. General Management. Software & Technology.

Construction 120

Construction Software Software Accounting 120

Construction Business Owner

APRIL 12, 2012

INSURANCE |. A prequalification program that tracks vendors certification, will also help you when it’s time to start bidding on projects. Home Contact Us About Us Subscribe Advertise Legal Disclaimer Site Map -->. STRATEGY |. MANAGEMENT |. ACCOUNTING |. SOFTWARE |. MARKETING |. EQUIPMENT |. General Management. Construction Law.

Construction 120

Construction Certification Green Software 120

Construction Business Owner

FEBRUARY 2, 2012

INSURANCE |. leadership decisions were relatively easy – who to hire, where to grow, which jobs to bid and how much margin to put on them. Home Contact Us About Us Subscribe Advertise Legal Disclaimer Site Map -->. STRATEGY |. MANAGEMENT |. ACCOUNTING |. SOFTWARE |. MARKETING |. EQUIPMENT |. General Management. Construction Law.

Construction 120

Construction Software Software Accounting 120

Best Practices Construction Law

NOVEMBER 4, 2015

Generally, you have to make sure that you comply with the contract or insurance provisions by: (1) giving written notice of the claim; (2) to the correct party; (3) within the time required; and (4) identifying the event giving rise to the claim. Prove legal entitlement.

Claims 48

Claims Change Orders Legal Schedule 48

Contractor Bookkeeping

JULY 21, 2012

The little round table at the neighborhood bar with a pitcher of beer and several contractors where stories are told about how much money can be saved by not being licensed, bonded, insured and hiring all employees as 1099 contractors. We are not attorneys and do not give legal advice so check with your attorney.

Contractors 59

Contractors Insurance Washington Bidding 59

BD+C

OCTOBER 7, 2024

Time is of the Essence With Construction Litigation Across most jurisdictions in the United States, time is an issue from a legal perspective. To do this, it is important for the attorney to understand construction insurance and construction insurance coverage law in their state, as well as typical exclusions to coverage.

Insurance 52

Insurance Legal Documentation Claims 52

Construction Marketing Ideas

APRIL 11, 2016

Should someone I know well (an 18-year-old) sign a legal waiver document before going to work on a residential renovation site? The individual here is young adult and legally can make his own decisions. I told him, however, that he should not sign any legal waivers here.

Regulation 48

Regulation Legal Compensation Insurance 48

Building Radar

AUGUST 29, 2024

Permits and Legal Fees : Costs related to obtaining necessary permits and covering legal requirements. Insurance : Various types of insurance that cover both the construction process and long-term property insurance. Engineering Services : Fees for civil, structural, and other engineering services.

Comparison 52

Comparison ProCore Construction Project Management 52

ENR Construction

JULY 22, 2012

The increased competition has narrowed already slim bidding margins, forcing contractors to eke out a financial edge wherever possible. Equipment rentals allow contractors to shift downtime risk while trimming expenses, including licensing, insurance, taxes and debt, among others. Safety & Health. Project Delivery. Associations.

Equipment 75

Equipment Contractors Las Vegas FAQ 75

Chianelli Estimating

AUGUST 6, 2020

The tendency to adjust their bid estimating will inadvertently produce many business failures. The result is higher costs to complete projects.Other considerations will be the impact it will have on OSHA standards and Insurance Company costs. Insurances; Workers compensation, General Liability, Risk. Legal expense.

Estimating 60

Estimating Residential Insurance Commercial 60

Autodesk Construction Cloud

JUNE 3, 2022

Some common kinds of construction documents include: Bidding documents. Certificates of insurance. Insurance . It basically goes over the legal framework for the contract and will have details about how you can resolve problems or disputes during the construction process. . Architectural drawings. Work orders.

Documentation 98

Documentation Construction Schedule Permits 98

Construction Cost Estimating

APRIL 28, 2014

These are FICA (Social Security), SUI (State Unemployment Insurance), FUI (Federal Unemployment Insurance), WC (Worker Compensation) and others mandated by legislation and/or company operations. For the owner : Design fees, permits, land acquisition costs, legal fees, administration costs, etc.

Estimating 45

Estimating Equipment Bidding Profitability 45

Building Information Management

JULY 2, 2016

Employee payroll taxes, insurance and fringe benefits. Business taxes, contributions, memberships, corporate headquarters support (legal, financial, etc.). insurance costs. Examples of costs that may be included in the coefficient include: General and administrative and other overhead costs. All waste and excess material.

Contract 40

Contract Overhead Permits Insurance 40

Constructlaw

SEPTEMBER 10, 2020

It is imperative to remain disciplined in bidding, watch your margins, stay within the geographical footprint and industry sectors. These additional costs and productivity impacts have to be built into future bids. This is not necessarily the best time to expand. Sometimes the best project is the one you did not win.

Industrial 52

Industrial Union Contract Claims 52

ENR Construction

JULY 30, 2012

Since Owners are Demanding Designers Carry Higher Insurance Limits, Is a Split-Limit Approach Best? Information is provided on construction projects in following stages in each issue of ENR: Planning , Contracts/Bids/Proposals and Bid/Proposal Dates. Safety & Health. Banking & Credit Crisis. --> Companies. Project Delivery.

Construction 76

Construction Baltimore Safety FAQ 76

ENR Construction

JULY 31, 2012

Since Owners are Demanding Designers Carry Higher Insurance Limits, Is a Split-Limit Approach Best? Information is provided on construction projects in following stages in each issue of ENR: Planning , Contracts/Bids/Proposals and Bid/Proposal Dates. Safety & Health. Banking & Credit Crisis. --> Companies. Project Delivery.

News 64

News Engineering FAQ Electrical 64

cnstrctr

JANUARY 4, 2020

It is a legally binding document that the groups agree to at the start of a project and are held accountable to throughout. The owner performs a detailed analysis on the bids verifying that the proposals meet the requirements of the project and awards based on that. The contract can take many forms and formats.

Contract 88

Contract Construction Finance Documentation 88

ENR Construction

JULY 30, 2012

Since Owners are Demanding Designers Carry Higher Insurance Limits, Is a Split-Limit Approach Best? Information is provided on construction projects in following stages in each issue of ENR: Planning , Contracts/Bids/Proposals and Bid/Proposal Dates. Safety & Health. Banking & Credit Crisis. --> Companies. Project Delivery.

Products 44

Products Inspections FAQ Bidding 44

Construction Law Monitor

APRIL 15, 2015

Due to this misinformation, many contractors either avoid projects requiring bonds, thus missing great work opportunities; or sometimes even operate without them, which jeopardizes their legal standing and puts their whole company at risk. However, the contractor needs to pay the bond premium after she actually wins the bid.

Insurance 40

Insurance Bankruptcy Contract Claims 40

Job Order Contracting

FEBRUARY 20, 2018

The following template is provide for sample purposes only and should not be used a legally bidding document without through review and modification by appropriate Owner legal counsel. Insurance, fringe. A Job Order Contract Execution Guide is a required element for any successful, best management practice JOC Program.

Contract 100

Contract Organization Change Orders Overhead 100