Construction Marketing

JANUARY 6, 2023

This means that should your security staff be running errands on-site or off-site, they will likely miss any security events detected on your security camera systems, making them less likely to spot and resolve a security threat in time. You can implement RFID tracking to make the equipment logging process more accurate and efficient.

Security 291

Security Site Mobility Construction 291

cnstrctr

JANUARY 4, 2020

A construction contract is a tool that you can use to help outline these requirements. What exactly is a construction contract, how can it be used and what are the different types? A construction contract is a document that outlines the roles and responsibilities between two or more parties on a project. Lump Sum Contracts.

Contract 88

Contract Construction Finance Documentation 88

Levelset

SEPTEMBER 2, 2022

Errors and omissions (E&O) insurance covers contractors against financial loss resulting from mistakes, errors, or claims of negligence. While general liability insurance covers against claims related to injury or property damage, errors and omissions insurance protects from lawsuits related to financial loss.

Insurance 52

Insurance Liability Claims Injury 52

Levelset

SEPTEMBER 23, 2022

Between miscommunication, the wrong specifications, carelessness, or events out of anyone’s control, things can go wrong, and the damages can be expensive. Luckily, that’s what insurance is for, right? Does a general contractor’s insurance cover their subcontractors’ accidents or mistakes? Who is covered by an insurance policy?

Insurance 52

Insurance Liability Accidents Risk 52

Construction Law

MARCH 4, 2025

Analysis Generative Artificial Intelligence to transform construction procurement Constructions long and complex supply chains increasingly come under pressure, partly due to geopolitical events beyond the industrys control, but partly also for reasons that it can often do something about. Some risks are already uninsurable, he warns.

Construction 40

Construction Procurement Legal Insurance 40

Levelset

SEPTEMBER 30, 2022

Insurance is one part of a strategy to keep your carpentry business financially healthy. To minimize any financial damage, a comprehensive carpenter’s insurance plan is a smart bet. . What is carpenter insurance? Does a carpenter need insurance? Insurance serves another purpose.

Insurance 52

Insurance Liability Accidents Injury 52

Construction Business Owner

APRIL 2, 2011

INSURANCE |. Heck, you get trophies for participating in an event—not winning it. In our business we fight tooth and nail to stay competitive and win contracts. STRATEGY |. MANAGEMENT |. ACCOUNTING |. SOFTWARE |. MARKETING |. EQUIPMENT |. General Management. Software & Technology. Accounting & Finance. Construction Law.

Construction 159

Construction Software Software Accounting 159

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

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

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

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

OCTOBER 10, 2011

INSURANCE |. A colleague of mine has even considered not calling his children when a family event occurs, because his kids have generally heard about it two days prior via Facebook. STRATEGY |. MANAGEMENT |. ACCOUNTING |. SOFTWARE |. MARKETING |. EQUIPMENT |. General Management. Software & Technology. Accounting & Finance. August 2012.

Construction 120

Construction Software Software Accounting 120

Construction Business Owner

OCTOBER 20, 2011

INSURANCE |. Called their “Spring Creek” event, CFMA chapter presidents from around the country gather for several days of leadership and team building exercises in Arizona. STRATEGY |. MANAGEMENT |. ACCOUNTING |. SOFTWARE |. MARKETING |. EQUIPMENT |. General Management. Software & Technology. Accounting & Finance. Construction Law.

CFMA 120

CFMA Construction Software Software 120

NH Construction Law

JANUARY 30, 2022

When a contractor or subcontractor is sued for defective workmanship, one of his first thoughts is likely to be whether the damages are covered by his liability insurance. But if the plaintiff’s complaint also alleges some resulting property damage, however minor, the insurer is obliged to defend the lawsuit.

Insurance 40

Insurance Liability Defense New Hampshire 40

Construction Business Owner

OCTOBER 10, 2011

INSURANCE |. Luckily, because the event was sponsored by CBO, I had the chance to sit in and ask questions of these readers. STRATEGY |. MANAGEMENT |. ACCOUNTING |. SOFTWARE |. MARKETING |. EQUIPMENT |. General Management. Software & Technology. Accounting & Finance. Construction Law. People Management. Green Building. Sales/Marketing.

Construction 120

Construction Software Software Accounting 120

Construction Business Owner

NOVEMBER 3, 2011

INSURANCE |. During the boom years, it was unheard of to bring a superintendent into the office for a planning event and definitely far-fetched to have them assist in the estimating process. STRATEGY |. MANAGEMENT |. ACCOUNTING |. SOFTWARE |. MARKETING |. EQUIPMENT |. General Management. Software & Technology. Accounting & Finance.

Construction 120

Construction Software Software Accounting 120

Construction Business Owner

MAY 7, 2012

INSURANCE |. Each year at this event I’m reminded that collaboration is vital to our construction industry. STRATEGY |. MANAGEMENT |. ACCOUNTING |. SOFTWARE |. MARKETING |. EQUIPMENT |. General Management. Software & Technology. Accounting & Finance. Construction Law. People Management. Green Building. Construction Safety. August 2012.

Construction 120

Construction Software Software Accounting 120

Construction Business Owner

JANUARY 19, 2011

INSURANCE |. We will never advertise a one-day only Sale-a-Rama event with something for everyone. STRATEGY |. MANAGEMENT |. ACCOUNTING |. SOFTWARE |. MARKETING |. EQUIPMENT |. General Management. Software & Technology. Accounting & Finance. Construction Law. People Management. Green Building. Construction Safety. Sales/Marketing.

Construction 136

Construction Software Software Accounting 136

Levelset

AUGUST 24, 2022

Construction businesses need many different types of insurance to mitigate the risks associated with building projects. Two of the most common insurance policies that contractors have are builder’s risk and general liability, which serve very different purposes. What is builder’s risk insurance?

Liability 52

Liability Risk Insurance Contractors 52

Construction Business Owner

FEBRUARY 6, 2012

INSURANCE |. Just like we expect our smart phones to alert us of daily events and provide us with apps that are easily accessible, contractors are expecting more from their machines and software. STRATEGY |. MANAGEMENT |. ACCOUNTING |. SOFTWARE |. MARKETING |. EQUIPMENT |. General Management. Software & Technology. Construction Law.

Construction 120

Construction Software Software Accounting 120

Safety Services Company

SEPTEMBER 29, 2020

Reaching a level of compliance in any Contractor Management Account requires commitment, attention to detail and some expert knowledge of safety and insurance requirements. This is usually a major part of master service agreement (MSA) contract as well. Networking. How to Effectively Maintain Contractor Management Accounts.

Accounting 62

Accounting Management Contractors Safety 62

Levelset

SEPTEMBER 16, 2022

If a contractor’s work fails after a project is complete, completed operations insurance can help cover some of the expenses. It is sold as an extension to your general liability insurance policy and may be required by the state you work in or the project owner. Learn more: The most common types of insurance policies in construction.

Insurance 52

Insurance Liability Claims Contractors 52

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. Also, you will want to identify any contract interpretation issues.

Claims 48

Claims Change Orders Legal Schedule 48

Fieldwire

AUGUST 31, 2023

You’ll need to purchase your own health insurance and you won’t receive paid sick or vacation days. This is in contrast to primary contracts, which are usually required to be bonded by law. Licensing and insurance as a subcontractor are similar to that of a general contractor. Check out her Twitter to see more of her work.

Subcontracting 98

Subcontracting Contractors Negotiation Employment 98

Construction Law

OCTOBER 3, 2023

Philip Bambagioti of 3PB examines the potentially fatal consequences of failure to build to prevent black mould forming in the event of water ingress. Appeal court decision shows risks of bespoke contract terms Cheryl Ferguson of Dentons UK and Middle East LLP provides a round up of recent decisions relating to adjudication.

Procurement 52

Procurement Construction Insurance Legal 52

Constructlaw

DECEMBER 7, 2020

Mealey’s International Arbitration Report recently asked industry experts and leaders for their thoughts on what events had an impact on global economy that have led to an increase in filings. Mealey’s: What, if any, events had an impact on the global economy that have led to increased filings? All rights reserved.].

Claims 40

Claims Insurance Bankruptcy Legal 40

ENR Construction

JULY 22, 2012

Equipment rentals allow contractors to shift downtime risk while trimming expenses, including licensing, insurance, taxes and debt, among others. Amid PPP Slowdown, India Turns To Cash Contracts. Since Owners are Demanding Designers Carry Higher Insurance Limits, Is a Split-Limit Approach Best? contact us. industry jobs.

Equipment 75

Equipment Contractors Las Vegas FAQ 75

Construction Law Monitor

JULY 12, 2011

The hearty list of online services offered by CSLB includes, checking on a license, filing a complaint, the full database of all licensed contractors, processing times, searches for surety bond companies and workers comp insurance companies. I found that the email alerts are very helpful on keeping up with current events and breaking news.

Contractors 54

Contractors California Legal Resource 54

Construction Law Monitor

APRIL 15, 2015

The bond price is usually somewhere between 1% and 3% of the contract sum. In most cases, the obligee on the contract, the owner of the project, reimburses the bond price with the first payment towards the contractor. Currently, the company that provided bonding to Truland, XL Specialty Insurance Co.,

Insurance 40

Insurance Bankruptcy Claims Contract 40

ENR Construction

JULY 30, 2012

The Olympic Delivery Authority (ODA) awarded 1,300 direct contracts, according to Gibb, and it estimates that 75,000 companies were involved in the work. Amid PPP Slowdown, India Turns To Cash Contracts. Since Owners are Demanding Designers Carry Higher Insurance Limits, Is a Split-Limit Approach Best? contact us. industry jobs.

Construction 76

Construction Baltimore Safety FAQ 76

Fieldwire

MARCH 5, 2024

Subcontractors getting awarded a contract spells financial disaster if the bid is too high to be competitive or too low to be profitable. In contrast, trying your luck on any project coming your way can lower your chances of winning a contract. To say that winning bids is the key to success in construction is a half-truth.

Budgeting 52

Budgeting Budget Estimating Bidding 52

Construction Law Monitor

APRIL 15, 2015

The bond price is usually somewhere between 1% and 3% of the contract sum. In most cases, the obligee on the contract, the owner of the project, reimburses the bond price with the first payment towards the contractor. Currently, the company that provided bonding to Truland, XL Specialty Insurance Co.,

Insurance 40

Insurance Bankruptcy Contract Contractors 40

ENR Construction

AUGUST 8, 2012

My feeling is that many contractors who attempted to break into or increase their environmental construction work fared poorly," says Jim Voltz, president of American Contracting and Environmental Services. As a result of less-certain federal cleanup budgets, he notes shorter time frames in government contracts, "with more option periods."

New Jersey 70

New Jersey Contract Infrastructure Transportation 70

Best Practices Construction Law

FEBRUARY 20, 2013

In any event, there are some lessons to learn when investigating or handling an accident on a construction site. This should include identifying chain of command for notice purposes, identifying internal investigation team members, identifying who will be a company spokesperson, and identifying your risk management team (insurance and legal).

Accidents 48

Accidents Site Kansas City Kansas 48

ENR Construction

JULY 31, 2012

Amid PPP Slowdown, India Turns To Cash Contracts. 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. contact us. industry jobs.

News 64

News Engineering FAQ Electrical 64

Levelset

JULY 21, 2022

For example, contract bonds — like payment or performance bonds — are project-specific bonds that protect the property owner and subcontractors. In the event of a valid claim against the license bond, the principal must reimburse the surety company for any payouts. When the project is completed successfully, the bond expires.

Contractors 52

Contractors Claims Oregon Residential 52

Safety Services Company

FEBRUARY 19, 2020

Most construction projects begin with signing a contract. Legal risks can include situations wherein a breach of contract occurs. Risk management plans often save companies from going under in the event of an emergency. This includes taking out insurance on the project. Legal Risks. Guaranteed Safety .

Risk 62

Risk Management Construction Safety 62