Construction Business Owner

MAY 23, 2018

As a business owner, you should be at least marginally conversant in the arcane vocabulary of workers’ compensation (WC), such as keeping track of your experience modification factor (EMF) or “mod.”.

Compensation 125

Compensation Insurance Claims Industrial 125

Construction Business Owner

DECEMBER 18, 2015

Collectively bargained workers' compensation gives building trade unions and union contractors the ability to create their own workers' comp system, tailored to their specific needs. You may have also heard of collectively bargained workers' compensation referred to as "carve outs" in the traditional workers' compensation system.

Bargains 120

Bargains Compensation Union Hawaii 120

ENR Construction

JULY 13, 2022

Despite growing fear of a recession on the horizon, contractors continue to offer highly competitive compensation packages, approaching levels not seen in the industry in nearly two decades.

Compensation 69

Compensation Contractors Industrial 69

Civiconcepts

MARCH 14, 2023

There are several regulations in place on … How to Receive Compensation After Construction Site Accident or Disease Read More » The building and construction industry is considered one of the most dangerous industries globally. The hazard and health risks are enormous for workers.

Compensation 52

Compensation Accidents Site Regulation 52

Construction Business Owner

FEBRUARY 26, 2014

Workers’ compensation insurance pays for occupational injury and illness; that’s why you buy the insurance. Oftentimes, it is an employer’s single most expensive line of coverage. What many contractors fail to grasp, however, is that some significant indirect costs are not covered by insurance.

Compensation 206

Compensation Insurance Management Injury 206

Pro Builder

NOVEMBER 17, 2020

Lower Workers' Compensation Costs by Having a Plan. Having comprehensive plans in place are the most impactful way to mitigate workers’ compensation costs, says the National Association of Home Builders. cbroderick. Tue, 11/17/2020 - 09:55. When that happens, there should be another plan in place.

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Compensation Plans Accidents Insurance 76

ENR Construction

APRIL 9, 2024

Executive compensation has been rising steadily since the pandemic, reaching a high-water mark in 2023. However, a cooldown in several market sectors could result in comp increases receding in the coming years.

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Compensation 36

The Constructor

OCTOBER 9, 2022

A construction claim is the assertion of a right that requires either more time or/and payment by either party of the contract (often the contractor) for compensation of the losses brought on by the other party’s failure to uphold their portion of the responsibilities as defined in the contract.

Claims 273

Claims Compensation Construction Contract 273

Construction Business Owner

OCTOBER 22, 2024

Understanding prevailing wage is crucial because it ensures fair compensation for workers, maintains a level playing field among contractors and promotes the quality and safety standards essential for the construction industry's integrity and sustainability.

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Compensation Equipment Contractors Software 356

Construction Business Owner

JUNE 17, 2013

(June 13, 2013) – FMI, a leading provider of management consulting and investment banking to the engineering and construction industry, announces the release of its 2013 study on the effectiveness of incentive compensation in the U.S. construction industry. The report is based on the survey results from 224 top executives.'

Compensation 149

Compensation Raleigh Banking Consulting 149

Construction Business Owner

APRIL 30, 2024

Revitalize Your Back Office & Streamline AP Processes ccapoccia Tue, 04/30/2024 - 08:59 Contractors know all about risk — jobsite security, health and safety, workers’ compensation, bonding, subcontractor compliance and more. For many construction business owners, it seems like the list can go on forever. Unfortunately for some, it does.

Revit 156

Revit Office Compensation Risk 156

ENR Construction

MAY 30, 2024

When you add the emerging capabilities of AI and the ability of AI tools to quickly process vast sums of information, the ability to leverage good documentation into a more effective project management process increases tenfold.

Compensation 36

Compensation Project Management Documentation Management 36

Job Order Contracting

NOVEMBER 15, 2024

Labor Based upon contract requirements, local labor costs may be sourced from published Davis Bacon Wage Rates, or published state data sources, or directly researched local prevailing wage rates with appropriate inclusion markups for worker compensation, unemployment, liability insurance and allowance for small tools and consumables.

Construction 206

Construction Overhead Insurance Compensation 206

Best Practices Construction Law

SEPTEMBER 25, 2020

2) Are day-to-day miscellaneous items compensable even where a party fails to reserve their rights on these type of cumulative claims? When I read the court’s opinion, I started to think: (1) Is there now a “daily changes” exception to lien waivers and releases? (2)

Compensation 97

Compensation Lien Claims North Carolina 97

Construction Business Owner

SEPTEMBER 20, 2021

Either by choice or required by contract or statute, commercial general liability (CGL), workers’ compensation, business auto and inland marine insurance (mobile equipment) are among the most common types of insurance purchased by contractors. How to Prepare for Unexpected Risk Exposure. Alex Headley. Mon, 09/20/2021 - 07:30.

Risk 303

Risk Liability Insurance Compensation 303

Job Order Contracting

JULY 26, 2024

As a result, users of national average price books generally attempt to compensate by attempting to add extra hours to the work to be performed. Unfortunately, alternative methods of compensating for a national average cost book include inflate quantities and/or to adding unnecessary activities.

Construction 190

Construction Compensation CSI Equipment 190

ENR Construction

OCTOBER 16, 2019

New study suggests that the causes of an industry-wide compensation boost are not solely a result of market-specific factors or the cost of living.

Compensation 52

Compensation Industrial Contractors 52

Construction Dive

OCTOBER 5, 2023

of their employee population next year — spending part of their compensation budgets on related raises. Companies also plan to promote 8.7%

Employment 138

Employment Compensation Budget Budgeting 138

Construction Marketing

MARCH 2, 2023

Workers’ compensation This defense says you are not entitled to sue for damages because workers’ compensation insurance covers you. Workers’ compensation is a state-mandated insurance program that benefits workers injured on the job.

Injury 255

Injury Site Defense Compensation 255

Construction Marketing Ideas

JANUARY 16, 2016

Pricing and sales compensation are among the messiest aspects of business. In theory, the ideal fix to this problem is a variable compensation grid — sales reps which generate high-margin sales earn higher commissions — and they are not allowed to sell below the lowest marginal price available.

Compensation 48

Compensation Negotiation Inventory Commissioning 48

Job Order Contracting

APRIL 7, 2017

The post Why Public Sector Building Owners Should NOT Pay Percentage-based Compensation to JOC Consultants appeared first on 4BT. Facilities and other forms of physical infrastructure are generally critical to the mission of organizations. We should all manage them properly. Learn more… [contact-form].

Consulting 100

Consulting Compensation Procurement Contract 100

Job Order Contracting

MARCH 1, 2022

Workmen’s compensations insurance. Note: Quality, locally researched unit price books will already include social security contributions, general insurances, workmen’s compensations insurance, state unemployment insurance, and federal unemployment insurance. projects valued over $35K; 9. Social security contributions.

Insurance 238

Insurance Compensation Overhead Security 238

Construction Dive

AUGUST 21, 2023

A notice to financial institutions highlighted how bad actors use shell companies to commit workers’ compensation and payroll fraud.

Banking 118

Banking Compensation Construction 118

Construction Law Monitor

DECEMBER 27, 2012

Back in 2009 this blog reported on the very topic of Workers Compensation insurance, stating that 1 and 5 businesses are breaking workers compensation laws. Workers Compensation is codified in Louisiana under Revised Statute 23:1021 et seq. The main reason being is due to the exorbitant price of this insurance on contractors.

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Compensation Insurance Louisiana Contractors 51

Construction Dive

MARCH 22, 2023

The failed Softbank-backed startup is alleging its former CFO is obligated to pay back his signing and relocation bonuses amid intensifying scrutiny of executive compensation.

Compensation 125

Compensation 125

ENR Construction

APRIL 17, 2019

How owners and prime contractors misuse workers’ compensation experience ratings

Compensation 44

Compensation Contractors 44

ENR Construction

APRIL 17, 2019

How owners and prime contractors misuse workers’ compensation experience ratings

Compensation 44

Compensation Safety Contractors 44

ENR Construction

JULY 12, 2023

Pay hikes for construction staff remain at a historically high rate, even as some sectors could see a future slowdown in project starts.

Compensation 68

Compensation Construction 68

Construction Marketing

JANUARY 13, 2022

Fortunately, crane and rigging insurance provide protection and compensation. Besides compensating for physical damage, your company will also be liable for costs associated with business interruption if the accident delays the other business operations. What is crane and rigging insurance?

Insurance 168

Insurance Liability Compensation Accidents 168

Construction Law Monitor

FEBRUARY 10, 2012

In one of JD’s tweets last week I discovered a very informative article by Matthew Hicks regarding Workers’ Compensation Insurance law and jurisprudence in California. The bottom line here is that all California contractors need to be sure to maintain proper and adequate workers compensation insurance. Isaak, 149 Cal.App.4th

Compensation 58

Compensation Insurance California Contractors 58

Green Industry Professionals

AUGUST 20, 2014

Know your rights and when to take action in regards to workers'' compensation benefits.'

Compensation 56

Compensation Risk 56

Construction Marketing Ideas

JUNE 2, 2015

The SMPS compensation survey. Compensation surveys are intriguing resources. If you are a Society for Marketing Professional Services (SMPS) member, you can access the compensation survey data by completing your own survey. You can download a copy of its executive summary by clicking on the image.

Compensation 48

Compensation Income Certification Documentation 48

ENR Construction

MAY 12, 2020

Newsom extends claim potential to all workers outside the home, beyond what other states have done; AGC, Chamber voice concerns about rebutting claims and benefit costs.

Claims 78

Claims Compensation AGC California 78

Construction Business Owner

OCTOBER 31, 2022

How a Compensation Strategy Helps You Compete for Talent. Compensation strategy is often limited to the financial side of business, but a well-designed compensation plan is much more than a budgeting tool. Compensation. Mon, 10/31/2022 - 10:20. Fill out the form to download the white paper. . Promote to rotator No.

Compensation 244

Compensation Virgin Islands Puerto Rico Samoa 244

ENR Construction

JUNE 21, 2022

High court rules that a 2018 state law broadening the scope of federal employees who can claim benefits related to work at the Hanford Site nuclear waste cleanup in Washington State violates the U.S. Constitution’s Supremacy Clause. .

Compensation 65

Compensation Site Washington Claims 65

ENR Construction

JULY 27, 2016

Florida employers are bracing for increases as high as 20% in their workers’ compensation premium rates as a result of two recent decisions handed down by the Florida Supreme Court.

Compensation 28

Compensation Florida Employment 28

ENR Construction

AUGUST 30, 2023

Incentives tied to craft worker compensation and apprenticeship on clean energy projects won't require developers to have project labor agreements, says the U.S. Treasury Dept.

Compensation 69

Compensation Agreement 69