Construction Business Owner

FEBRUARY 9, 2024

What to Know About Bond Liability Before Selling Your Company ccapoccia Fri, 02/09/2024 - 15:37 Contractors selling their business may learn the hard way that not all liability can be easily transferred. Learn some steps that can help mitigate these risks.

Liability 194

Liability Risk Contractors 194

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.

Risk 356

Risk Liability Insurance Compensation 356

Construction Business Owner

NOVEMBER 7, 2023

Rising Construction Costs Lead to Higher Risks PCF Construction offers insight on current market construction risks and how to take control mhodges Tue, 11/07/2023 - 09:13 One of the most pressing issues in the construction industry today is the unforeseen or unintended increase in risk exposures due to rising construction costs.

Risk 354

Risk Insurance Construction Security 354

Construction Business Owner

OCTOBER 31, 2013

Building Information Modeling (BIM) is gaining ground as construction participants recognize the benefits of computer modeling. However, participants should enter this new modeling world recognizing that these opportunities come with costs and risks.

BIM 190

BIM Liability Modeling Risk 190

Construction Business Owner

MARCH 4, 2025

However, there are still options to mitigate tax liability. All tax planning strategies have deadlines, and most tax savings tactics must be implemented by the end of the calendar year. Here are five tactics that contractors can implement right now.

Cash Flow 156

Cash Flow Liability Plans Contractors 156

Construction Business Owner

JANUARY 18, 2022

Already expecting a downturn, the commercial construction industry was further impacted when COVID-19 either delayed or shuttered projects nationwide and a seemingly endless barrage of storms caused more than $95 billion in damages across the United States alone.

Risk 367

Risk United States Liability Claims 367

Construction Marketing

JUNE 14, 2022

Construction workers face various challenges in the course of their work. As the owner of a construction firm , you’re responsible for enhancing the safety of your workers. It also ensures you’re not spending money on hospital bills, treating injured workers, and legal liabilities. .

Safety 357

Safety Site Construction Inspections 357

Construction Business Owner

DECEMBER 17, 2024

The choice of tax accounting methods for contracts can significantly impact financial statements, cash flow and tax liabilities. Assessing Key Tax Methods for Contractors ccapoccia Tue, 12/17/2024 - 14:24 C ontractors face challenges that necessitate careful consideration of accounting methods for their contracts, especially for tax purposes.

Cash Flow 156

Cash Flow Contractors Liability Accounting 156

Construction Business Owner

JULY 23, 2021

If your construction business has suffered a financial loss due to damage, accident, crime or liability, the last thing you want to hear is that your claim is. Your Claim Has Been Denied. Alex Headley. Fri, 07/23/2021 - 09:30. not covered.

Claims 317

Claims Insurance Liability Accidents 317

Construction Dive

JUNE 25, 2019

It's important for contractors to know what their insurance policies cover and, in the case of commercial general liability, what they don't cover.

Liability 129

Liability DOT Insurance Commercial 129

Construction Business Owner

OCTOBER 26, 2017

No matter whether it is designed to protect owners, architects, engineers or general contractors, the securing of project professional liability coverage can be complicated. Professional liability exposure exists for the construction period plus the applicable Statute of Repose, often meaning a total of 10 or more years.

Liability 240

Liability Security Engineering Contractors 240

Construction Business Owner

OCTOBER 22, 2021

The errors and/or omissions related to engineering and architectural designs, land surveys, construction management and technical consulting are just a few of the areas where problems can lead to significant professional liability issues.

Miami 317

Miami Liability Florida Consulting 317

Construction Business Owner

FEBRUARY 3, 2025

This trend has put any construction company that does not use best-in-class safety practices at the risk of being put out of business. Timely detection and correction of unsafe behavior through video-based coaching: Helps prevent crashes and violations, Reduces potential liability, and Improves employee retention. annually.

Safety 191

Safety United States Risk Regulation 191

Job Order Contracting

JULY 19, 2020

2020 Guide to Construction Cost Estimating provides a road map for applying best management practices necessary to drive financial visibility and transparency. Locally researched detailed line item unit price construction data provided the highest level of verifiable and transparent information. Introduction. Material costs are either.

Estimating 213

Estimating Overhead Construction Liability 213

Construction Business Owner

JUNE 21, 2017

When pencils, paper and calculators were the go-to tools for estimating, spreadsheets represented a major breakthrough to contractors looking for a smarter solution. Now, contractors who rely on spreadsheets find themselves at a disadvantage when they compete against companies equipped with estimating software.

Estimating 191

Estimating Liability Software Software 191

Construction Law

APRIL 1, 2025

Only claims against bodies subject to a relevant liability will succeed, the TCC has ruled. This story is only available to subscribers to the printed edition of Construction Law. If you have a subscription please log in to read the rest of the story.

Liability 40

Liability Claims Safety Construction 40

Job Order Contracting

MARCH 28, 2024

Public procurement of construction services could be improved through the adoption of currently available best management practices. How Organizational integration and alignment of cultural, professional, management, and commercial interests is also required, both internally and with construction services providers. Ballard, G.,

Procurement 244

Procurement Construction DC AIA 244

Construction Marketing

FEBRUARY 20, 2023

If you’re the owner of a construction or trade business, chances are you’ve asked yourself what it takes to be successful in this field. But there are some key elements every construction business should have in place to ensure they stay on track and continue growing. You can also avoid costly mistakes in the future.

Construction 311

Construction Risk Management Resource 311

Construction Business Owner

OCTOBER 26, 2012

Construction business owners undoubtedly have restless nights over business risks associated with operations, not to mention other concerns. But what these individuals often overlook are the uninsured or underinsured risks, such as professional and vicarious liabilities.

Risk 220

Risk Liability Design Construction 220

Construction Business Owner

FEBRUARY 14, 2019

The responsibility and liability is yours. Use these tips to help you understand the details of the contracts you're signing.

Liability 255

Liability Contract 255

Construction Dive

AUGUST 15, 2024

Several industry groups have filed suit to stop the change, which expands the definition of who can be present during jobsite inspections.

Liability 161

Liability Inspections Safety Industrial 161

Construction Business Owner

OCTOBER 26, 2012

You have probably been hearing more about the concept of cyber liability from your insurance broker. Your construction firm is not likely selling products or services over the Internet, so you may be wondering why you would need cyber liability insurance. Consider some examples from high-profiles companies.

Risk 202

Risk Liability Insurance Tennessee 202

Construction Marketing

NOVEMBER 25, 2014

Construction firm owners are beginning to truly understand the benefits of using smartphone and tablet devices for work. Paper forms decrease worker productivity, increase risk/liability, and decrease operational efficiency. Now, even small firms can afford to construct and implement mobile apps into their business. Work Orders.

Mobility 235

Mobility Inspections Construction Safety 235

Job Order Contracting

DECEMBER 3, 2020

The consistent execution of quality repair, renovation, maintenance, and new construction activities on-time, and on-budget, remains elusive to most, yet is readily available to all. Integrated Construction Planning, Procurement, and Project Delivery. The post CONNECT Construction with Best Value appeared first on 4BT.

Procurement 241

Procurement Construction Plans Budgeting 241

Job Order Contracting

JANUARY 19, 2021

Adopting a Program versus a Project Approach Improves Facilities Management and Construction Outcomes by… 1. Volumes have been written about the fragmentation of the AECOO (architecture, engineering, construction, operator, owner) and Facilities Management sectors and their relative high levels of economic and environmental waste.

Management 264

Management Procurement Environment Life Cycle 264

Construction Equipment

MARCH 9, 2021

NexTraq is improving its Safety and Liability Protection offer for its Dashcam by adding feature updates to the high-definition vehicle incident camera system solution. Fleet managers will now be able to request specific videos and images for specific dates, times, or locations for insight into…

Liability 86

Liability Safety Management 86

Construction Business Owner

NOVEMBER 8, 2015

The American Institute of Architects' (AIA) semi-annual Consensus Construction Forecast recently projected that spending will increase by nearly 9 percent this year, with another 8 percent gain in 2016. Size is also an issue. In fact, findings by the United States Energy Information Administration found that there were 5.6

Liability 120

Liability United States Forecasting AIA 120

Job Order Contracting

AUGUST 31, 2021

A collaborative construction solution, capable of consistently delivering quality repair, renovation, and new builds, on-time and on-budget, is available to any Public Sector real property owner. Finally, the workflow of traditional construction planning, procurement, and project delivery is just plain wrong!

Construction 176

Construction Procurement Liability Contract 176

Construction Law

APRIL 1, 2025

To read more of this and every other news story on this site, please log in with your Construction Law membership account details. Subscribers to the printed magazine get access to the entire Construction law website. See the panel to the right.

Liability 40

Liability Legal Accounting News 40

Construction Marketing

JANUARY 13, 2022

Construction sites are full of activity due to moving parts and heavy machinery. Crane and rigging insurance are policies designed to mitigate potential consequences to construction companies that own, operate, rent, set up, or move cranes. Unfortunately, some contractors assume they have enough coverage for their construction jobs.

Insurance 174

Insurance Liability Compensation Accidents 174

Construction Business Owner

MARCH 29, 2013

He typically used this time for his weekly ritual to reflect on his business, a practice started after the financial crisis almost bankrupt his 25-year-old construction company. However, this day was different, and his mind was focused on a denied professional liability claim. .

Liability 212

Liability Claims Office Contractors 212

Construction Business Owner

JULY 18, 2019

The indemnity provision protects an owner or general contractor from exposure to liability if a loss occurs during construction. But if they're not structured properly, you could be at risk. Read all you need to know here. . .

Agreement 183

Agreement Liability Risk Contractors 183

Construction Marketing

FEBRUARY 11, 2021

Insurance, liability, and workers’ compensation . Limited liability company (LLC) . Start with General Liability Insurance and the Workers’ Compensation Insurance. . The post 15 Tips For Starting Your Own Roof and Guttering Business appeared first on Construction Marketing Association Blog. Labor costs.

Insurance 296

Insurance Liability Legal Compensation 296

Construction Business Owner

APRIL 7, 2021

Bring Construction Billing into Focus. Built Financial Toolkit brings construction billing into focus. Plus, with connectivity to project management and accounting software you’re likely already using, Built Financial Toolkit fills in the holes that make construction billing such a headache. Greg Ragsdale. Promote to rotator No.

Virgin Islands 204

Virgin Islands Puerto Rico Samoa Construction 204

Construction Business Owner

JUNE 8, 2017

The role of your company’s work trucks in delivering materials to a construction site quickly, efficiently and safely can make or break a project. To enable the many steps in a construction process to stay properly sequenced and on schedule, intricate vehicle timing is essential.

Engineering 182

Engineering Liability Schedule Materials 182

Construction Dive

NOVEMBER 26, 2018

Every business, small or large, that embarks on a construction project needs builder's risk insurance because it typically covers things that property and liability policies don't, legal experts say.

Risk 126

Risk Liability Insurance Legal 126

Contractor Bookkeeping

SEPTEMBER 1, 2023

Mistakes can be expensive in the construction business, and as an entrepreneur, although you'll know many of the regulations that apply to your business, there are so many that you can't possibly remember all of them.

Legal 127

Legal Contract Discrimination Liability 127