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Prevailing Wage Essentials

Construction Business Owner

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. Deltek ComputerEase serves over 6,000 contractors.

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How to Prepare for Unexpected Risk Exposure

Construction Business Owner

How to Prepare for Unexpected Risk Exposure. 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. Alex Headley. Mon, 09/20/2021 - 07:30.

Risk 356
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Common construction cost estimating problems

Job Order Contracting

Labor Cost Miscalculations: Failing to account for factors like overtime, labor productivity, and prevailing wage rates, significant variations if workers compensations, can result in inaccurate labor cost estimations. Locally researched costs for labor, material, and equipment. Cost, and VFA, Inc.

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Construction Cost Data Information

Job Order Contracting

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.

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Creating a JOC Coefficient?

Job Order Contracting

Equipment. General / Prime Contractor Profit and risk. Workmen’s compensations insurance. Incidental tools and equipment. Items included in a JOC coefficient (also known as a “Bid Factor”). Labor (Both during Normal Work Hours and Outside of Normal Work Hours). Materials. Subcontractor costs. Submittals.

Insurance 264
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How to File a Lawsuit After an Injury At a Construction Site?

Construction Marketing

These defenses include: Assumption of risk This defense says that you knew of the risks of working at a construction site and that you voluntarily assumed those risks. This defense is often used in cases where the worker was not provided with proper safety equipment or where the worker did not follow safety protocols.

Injury 276
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4 Things You Need To Know About Snow Removal Insurance

Construction Marketing

Having snow removal insurance is important, considering the risks and dangers of snow removal and deicing. Because of their nature of work, snow removal contractors are usually exposed to many risks, which may include anything from third-party injuries to equipment. Usually, more business means more liability risks.

Insurance 201