Levelset

JUNE 3, 2022

Project loss insurance has the potential to save contractors from devastating project losses, no matter the cause. Project loss insurance, or PLI, is designed to mitigate catastrophic construction project losses. Project loss insurance coverage. How project loss insurance works. How much does project loss insurance cost?

Insurance 52

Insurance Cash Flow Claims Contractors 52

Levelset

SEPTEMBER 19, 2022

As you dig deeper into your construction insurance policy, you may come across the terms first-party insurance and third-party insurance. Mastering the difference between these two concepts is crucial to understanding how different types of construction insurance protect you.

Insurance 52

Insurance Liability Compensation Claims 52

Fieldwire

JANUARY 25, 2022

Every construction project is uniquely different, and the distinctive characteristics of the industry - such as high-cost intensity and lengthy durations - also add an additional layer of complexity to the risk landscape. The Importance of Project Risk Planning. Workflow of Risk Planning. treating the risks.

Risk 59

Risk Plans Insurance Construction 59

Construction Enquirer

JULY 6, 2023

Rydon said its settlement is being covered by its insurers. Lawyers for the BSR group took action against 22 firms in total. The civil claim is separate to the public inquiry into the fire, which finished taking evidence in November 2022 and is expected to issue its final report later this year.

Claims 131

Claims Profitability Maine Insurance 131

Construction Marketing

JULY 30, 2019

Besides that, there is also the risk other unforeseen damages that can leave you counting losses. You can also consult building contractors because they interact more often with plumbers in their industry. Consider Insurance and License. As a matter of fact, hiring the wrong plumber is a recipe for disaster. Price and Warranty.

Contractors 120

Contractors Insurance Compensation Liability 120

Levelset

APRIL 8, 2022

On projects like this, property owners typically count on an insurance claim to pay for the work – they may not have cash on hand to pay you out of pocket. Understanding a homeowner’s insurance policy – and what it covers – can be helpful when deciding to take on a project. Understanding homeowner insurance policies.

Insurance 52

Insurance Claims Agreement Lien 52

PSMJ Resources

AUGUST 3, 2011

XL Insurance Enters Collaborative Agreement With PSMJ Resources, Inc. to Advance A/Es Risk and Practice Management. The synergy of XL Insurance’s Design Professional group and PSMJ will drive relevant and timely thought leadership in our service to customers and the design community.” skip to main | skip to sidebar.

Insurance 43

Insurance Resource Agreement Liability 43

CivilJungle

DECEMBER 21, 2021

Information of Construction Risk Management. Construction risk management is a long steep process, in which we have to calculate the all-possible risk and determine the process by which we can reduce this type of risk. Where we identify, analyze the risks and work over them. What Is Construction Risk Management ?

Risk 52

Risk Management Contractors Construction 52

Levelset

APRIL 8, 2022

On projects like this, property owners typically count on an insurance claim to pay for the work – they may not have cash on hand to pay you out of pocket. Understanding a homeowner’s insurance policy – and what it covers – can be helpful when deciding to take on a project. Understanding homeowner insurance policies.

Insurance 52

Insurance Claims Agreement Lien 52

ENR Construction

FEBRUARY 6, 2019

A risk analysis consultancy long focused on construction delays has branched out to apply its chops to the development of a hyperlocal software-as-a-service weather risk-management system for construction that launched Jan.

Insurance 47

Insurance Risk Consulting Software 47

ENR Construction

APRIL 3, 2018

Insurers are writing more professional liability coverage for designers, with rates holding steady in the buyer’s market, says a new survey by insurance broker and risk consultant Ames & Gough.

Liability 34

Liability Risk Insurance Consulting 34

Construction Marketing Ideas

MARCH 11, 2016

The Advise & Consult blog pulls together content from 23 experts in 15 states on a diversity of construction law issues. The Advise & Consult blog certainly isn’t light reading — but you wouldn’t want it to be dumbed down simple.

Legal 48

Legal Consulting Subcontracting Industrial 48

Business Facilities

OCTOBER 24, 2017

Companies are asking themselves in the wake of these catastrophic and costly storms, are we adequately evaluating the risk of natural disasters when deciding where to locate new facilities? This initial GIS screening is the optimal opportunity to incorporate natural disaster risk potential into a site selection evaluation.

Risk 42

Risk Site Puerto Rico California 42

Wolgast Corporation

DECEMBER 12, 2022

Having an owner’s approximate budget at the start, helps us to provide valuable consultation to the owner regarding allowances for materials and finishes. Without knowing the budget, it’s easy for an owner to continue adding to the scope when realistically, the budget won’t allow for the extras.

Budgeting 127

Budgeting Budget Estimating Construction 127

Construction Business Owner

AUGUST 19, 2011

INSURANCE |. These are risk takers, men and women who are driven to hustle and make a profit—not the sitting still type. STRATEGY |. MANAGEMENT |. ACCOUNTING |. SOFTWARE |. MARKETING |. EQUIPMENT |. General Management. Software & Technology. Accounting & Finance. Construction Law. People Management. Green Building. Construction Safety.

Construction 120

Construction Software Software Accounting 120

Autodesk Construction Cloud

JULY 13, 2023

Recognize that risks are part of the territory Reducing risk starts by recognizing it. Identify your risk areas and strive to limit them through disciplined decision-making, technology, and streamlined project execution. We typically become more accepting of risk. Risk mitigation is very important.

Profitability 98

Profitability Risk Construction Autodesk 98

Construction Lawyer

APRIL 20, 2006

You should consult an attorney licensed in your jurisdiction before using any of the information contained at this site. In other words, you use the stuff we post here at your own risk. CGL policy -- conflict of interest between builder and insurer. In the recent Illinois opinion in American Family Mutual Insurance v.

Insurance 40

Insurance Illinois AIA Chicago 40

Construction Business Owner

FEBRUARY 2, 2012

INSURANCE |. In the February issue of CBO, FMI consultant Gregg Schoppman points out some important lessons every construction business owner can learn from Beane’s story. STRATEGY |. MANAGEMENT |. ACCOUNTING |. SOFTWARE |. MARKETING |. EQUIPMENT |. General Management. Software & Technology. Accounting & Finance. Construction Law.

Construction 120

Construction Software Software Accounting 120

Construction Lawyer

MAY 13, 2009

You should consult an attorney licensed in your jurisdiction before using any of the information contained at this site. In other words, you use the stuff we post here at your own risk. Risks in LEED design. There is an interesting discussion of some issues and risks to design professionals involving LEED projects at [link].

Risk 40

Risk Design Illinois AIA 40

Contractor Connection

FEBRUARY 2, 2025

For carriers, brokers, risk managers and adjusters this is not just a claim, it is a race against time. In the simplest terms, a commercial MRP is a nationwide network of contractors specializing in managed insurance claim repairs, providing simplicity and strong accountability for all parties involved. 3,000+ U.S.

Commercial 52

Commercial Claims Management Insurance 52

Construction Law Monitor

AUGUST 9, 2011

Liberty Mutual Insurance Company (“Sloan”), the US Court of Appeals for the Third Circuit has an in depth discussion regarding some technical yet very important clauses found within many construction contracts between general contractor, subcontractors, owner and the surety. In a recent decision, Sloan & Company v. Conclusion.

Agreement 57

Agreement Contract Insurance Construction 57

BD+C

SEPTEMBER 26, 2024

Begin with collaborative planning and design consultation Effective water mitigation starts with collaborative planning and design. Understanding client goals and budget constraints is a fundamental part of the planning process and risk reduction. Here are five tips for successful water mitigation in mass timber construction.

Plans 98

Plans Sustainability Risk Products 98

Safety Services Company

DECEMBER 1, 2020

However, when in doubt, it is recommended that a company representative consult an expert or call their local OSHA office. Experience Modification Rate or EMR is the number used by insurance companies to measure the cost of injuries in the past and the predication of future accidents or risk of a company. What is EMR?

OSHA 62

OSHA Accidents Injury Compensation 62

Constructlaw

FEBRUARY 7, 2023

Fire broke out, resulting in a loss that was paid by the owner’s builder’s risk insurance. The builder’s risk carriers — subrogated to the rights of the owner — then sued the prime contractor, its subcontractor, and sub-subcontractor for negligence. This case involved the restoration of an old building in New Orleans.

Louisiana 52

Louisiana AIA Insurance Contract 52

Construction Law

DECEMBER 5, 2023

News Our regular news round up of construction law and procurement stories reports on two highly critical reports of government spending plans for schools and hospitals; and record fines being levied on a landlord and property management company for fire risks. There are pitfalls for the unwary, he warns – and for the insurers as well.

Construction 52

Construction Insurance Claims Procurement 52

Levelset

APRIL 15, 2022

When a property owner files an insurance claim to cover a restoration or roofing project, the owner typically deals directly with the insurance company. They may not have the funds available to pay the contractor out of pocket, so they’re counting on that insurance check to cover the construction costs. Setting up an AOB.

Insurance 52

Insurance Contractors Lien Claims 52

NH Construction Law

AUGUST 31, 2023

Subrogation – the right of an insurer, upon paying an injured party’s damages arising out of a negligence claim, to chase the negligent party for reimbursement – is a staple of the law. And the insurer will have no say in the matter. Notice that this clause expressly addresses only property insurance.

Insurance 40

Insurance Liability Claims AIA 40

cnstrctr

JANUARY 4, 2020

Under a lump sum contract the consultants are typically engaged by the owner and the contractor falls under a separate contract with the owner. The contract is typically governed by the prime consultant. Design Risk – if the contract documents aren’t perfect there’s an opportunity for the contractor to claim extras.

Contract 88

Contract Construction Finance Documentation 88

Construction Law

FEBRUARY 2, 2024

Analysis Calling-in bonds: a summary of the landscape in light of increasing insolvency risks Theresa Mohammed, Jonathan Clarke and Dom Turner-Harriss of Watson, Farley & Williams LLP examine issues surrounding calling-in bonds against a background of rising insolvency in construction.

Construction 52

Construction Insurance Procurement Drafting 52

The Constructor

NOVEMBER 24, 2011

This adjustment takes just a few seconds and will insure that you get good vertical angle readings with just one measurement. Consult the manufacturer’s manual for instructions on making this adjustment. " Most total stations are provided with some type of electronic adjustment to correct the vertical circle indexing error.

Concrete 240

Concrete Compensation Foundation Design 240

Construction Cost Estimating

DECEMBER 17, 2014

Labour cost Charges of using water Taxes Risk and insurance coverages Profit and overheads Some other important points: Percentage of profit is 5-10 per cent. Indirect cost is those of consulting charge or out source changes. Preparing budget and cash shift. But the overhead is normally 3 - 7.5

Overhead 45

Overhead Profitability Transportation Materials 45

Construction Law

JUNE 1, 2021

The fundamental issues remain – clients are convinced that the industry is inefficient and prices have to be held down; main contractors compete ruthlessly on price and take work with little chance of profits and sub contract what they can down the supply chain to those least able to shoulder the risk.

Industrial 52

Industrial Insurance Banking Procurement 52

Pro Builder

AUGUST 5, 2022

Cannabis and the Jobsite: Keeping Your Risk to a Minimum. Scott Smith, corporate director of safety management services for Selective Insurance Group , a holding company for 10 property and casualty insurers, sees it more simply. There’s a gap in the management of risk and safety in construction,” he says.

Safety 72

Safety Resource Injury Construction 72

Contractor Bookkeeping

JUNE 16, 2017

This decided during the process of the contractor talking to the Bonding Company, Insurance Company and The State Licensing Board who approves the company’s Contractors License. The Primary Questions to be answered are: What level of exposure, risk and your skills? How do you want to do these projects?

Contractors 48

Contractors Profitability Remodeling Insurance 48

Julian Construction

APRIL 1, 2011

It is also added insurance that you and your family will be kept safe during a seismic event. The best way to determine whether or not your house is at risk for earthquake damage is to request a foundation inspection from an experienced and trained professional. Inspection Consultation. Name and email address are required.

Los Angeles 104

Los Angeles Foundation Inspections California 104

DebunkTheBIM

AUGUST 17, 2013

We have truly entered a stage of BIM, where the design consultants of mega-projects are largely ‘let off the BIM hook’ and the focus is on the contractors to make BIM work for the owners. Or when others will propose confidently to ‘just model our own stuff’ in parallel to the consultants 2D production on huge D&B projects.

Drawings 48

Drawings Modeling BIM Consulting 48

Autodesk Construction Cloud

JUNE 7, 2023

From there, you can analyze project designs, drawings, and specifications, then identify potential risks and challenges. However, the cost of a project will include jobsite and trailer costs, admin costs, office personnel, insurance, taxes, permits, and personal protective and safety equipment.

Estimating 98

Estimating Construction Budgeting Budget 98