This site uses cookies to improve your experience. To help us insure we adhere to various privacy regulations, please select your country/region of residence. If you do not select a country, we will assume you are from the United States. Select your Cookie Settings or view our Privacy Policy and Terms of Use.
Cookie Settings
Cookies and similar technologies are used on this website for proper function of the website, for tracking performance analytics and for marketing purposes. We and some of our third-party providers may use cookie data for various purposes. Please review the cookie settings below and choose your preference.
Used for the proper function of the website
Used for monitoring website traffic and interactions
Cookie Settings
Cookies and similar technologies are used on this website for proper function of the website, for tracking performance analytics and for marketing purposes. We and some of our third-party providers may use cookie data for various purposes. Please review the cookie settings below and choose your preference.
Strictly Necessary: Used for the proper function of the website
Performance/Analytics: Used for monitoring website traffic and interactions
When Mohawk Industries , the worlds largest flooring manufacturer, decided to join ISNetworld, it set a clear signal to contractors nationwide: working with them now requires meeting compliance standards outlined by ISN. For contractors, this presents both an opportunity and a challenge. What Is Mohawk Industries? Photo by Erin O.
As a contractor, you rely on the property owner to pay you for your work and materials. In turn, the owner is relying on the insurance company to pay their claim. After all, the faster the insurance company pays the owner, the quicker you can get paid ! As a restoration contractor, you work for the property owner.
Filing a roof replacement insurance claim may be your only chance of taking care of the necessary repairs and renovations, especially after a huge storm, water damage, or other calamities and catastrophes. This having been said, here are 5 tips for filing a roof replacement insurance claim. Take Pictures and Document the Damages.
Heres what contractors need to know if they want to work with Devon Energy in 2025: If you work as a contractor in the oil and gas industry, youre likely familiar with the compliance requirements needed to secure and maintain valuable projects. Devon Energy will review these documents to ensure they meet the required standards.
If you want to be a contractor, being licensed and bonded will have a major impact on your ability to work in the city and state where you live and work. Many state and local governments require that contractors who perform work above a threshold amount obtain licenses. What Are Surety Bonds? Bond Types.
Construction documents help keep your projects organized and guide the construction process from start to finish. Having access to these construction documents puts information into the hands of the right people at the right time, so decisions can be made quickly and action can be taken to finish projects on time and within scope. .
These days, many contractors are faced with managing larger, more complex projects on a regular basis. Contractors have to pay attention to budgets, deadlines, collaborators, change orders, progress reports, payroll, safety, compliance requirements and much more. Insurance and bonding requirements. Building codes.
Business insurance can help mitigate occurrences or disasters that can severely impact or destroy the good standing of your business. Let’s take a look a subcontractor insurance: when it’s needed, what happens if a sub goes uninsured, and what policies subs can use to protect their businesses from risk.
Effective project management means controlling the data flow and staying on top of transmittals, submittals, RFIs, email communications, change orders, materials, inventory, job cost and WIP reports, labor hours and wages, union rules, safety regulations, insurance and bonding, compliance data and a whole lot more.
Assure JOC program processes and structure mutually benefit your organization and awarded JOC contractors and can be implemented without the need for paid on-site “JOC consultant” 2. Prequalify potential JOC contractors. All subcontractors used by the primary contractor must be prequalified and approved.
For contractors, these come in the form of a process known as prequalification and contractor management. What is Contractor Management? Contractor management is a series of checks ensuring that the contractors follow up-to-date safety practices and conform to health and regulatory standards.
Managing a hectic schedule and complex projects can be challenging if you're a contractor. You must also ensure that your paperwork, documents, and contracts are in order. Keeping all your working documents in order shows that you treat your business, customers, and subcontractors responsibly.
Having all relevant documents available at your fingertips is invaluable to running and properly documenting a project. Well, now at least one insurance company believes that, as well. For years, I’ve been saying that using a cloud-based project management software should be a no-brainer for any construction company.
This shift highlights the pressing need for contractors to achieve and maintain ISNetworld® compliance. Moreover, it presents a valuable opportunity for contractors to diversify their operations and explore new markets. You will just need to ensure the necessary documentation is completed and submitted.
Lagging productivity hurts contractors in many ways, including lost jobs, low profits, and unnecessary headaches like change orders and rework. Leading-edge software and technology are helping contractors streamline construction processes with tools for mobile data capture, automated workflows and more. Create One Source of Data.
INSURANCE |. » Relationship between the designer and the contractor. One part of our industry that I simply cannot get my head around is the oftentimes adversarial relationship that exists between the building design professionals and the building contractors on a particular job. document management. STRATEGY |.
For construction business owners, working with independent contractors can be a lifesaver. Although, hiring Independent Contractors can get very expensive, very fast! The Internal Revenue has a defined set of rules on the difference between an "Independent Contractor" and "Employee." When you hire 1099 contractors.
INSURANCE |. Document Management. With the current levels of detail required by industry standards, code compliance and also by the different disciplines, the number of documents required for a project is huge. When I was a general contractor, I sent out invitations to bid, but the communication didn’t end there.
One reminder we always give clients is that if damage to a commercial facility is significant enough to make an insurance claim, they should always have their insurance company come out to document the damage before making any repairs. Board up windows and doors.
INSURANCE |. Project Document Management : Your Communication Strategy. Because some very specific documents are created and used throughout the life of a typical construction project, these documents can serve as the center of your communications strategy. Document availability. Document relevance.
However, before starting work on a building financed with a construction-to-permanent loan, both property owners and contractors need to understand the risks. Contractor risks with a construction-to-permanent loan. These risks should be a non-issue when contractors have a comprehensive risk management plan in place.
Hiring clients look at multiple factors before choosing a contractor: are they safe, reliable, and compliant — just to name a few. Roughly 738,281 contractor companies in the U.S. What is the Contractor Prequalification Process? Hiring clients need assurance about contractors’ certification, practices, and qualifications.
Well, in a recent construction dispute in Maryland, “the Man” was the owner’s insurance company. The construction manager was a joint venture between Perinit Building Company and Turner Construction Company (the “Contractor”). The Insurance Claim. In Perini/Tompkins Joint Venture v.
Naturally, many contractors (like you!) Let’s get some clarity on some of this year’s FAQs about Contractor Management platforms and how you can conquer each quarter! Let’s get some clarity on some of this year’s FAQs about Contractor Management platforms and how you can conquer each quarter!
To help your business remain viable, contractor’sinsurance 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. Related: 9 Common Insurance Policies in Construction. Why a certificate of insurance matters.
INSURANCE |. Many State and Federal projects require a contractor to be bonded. In a way, a surety bond is like insurance; it is a three-part agreement between the contractor, the organization requiring the bond (e.g. This report illustrates how a contractor bills a client versus the work they have actually completed.
INSURANCE |. Contractors need to proactively evaluate and address how project teams – including subs and vendors – are communicating. Consider these three vital areas: Construction Project Documents: How do you move documents through your organization? document management. STRATEGY |. MANAGEMENT |.
Construction contractors face potential loss with each project they take on. When a loss occurs, it can put a real crunch on a contractor’s cash flow. Project loss insurance has the potential to save contractors from devastating project losses, no matter the cause. It also helps contractors manage cash flow during a loss.
General contractors know these risks when they take the role. Luckily, that’s what insurance is for, right? But what if the general contractor isn’t at fault, and a subcontractor is to blame? Does a general contractor’sinsurance cover their subcontractors’ accidents or mistakes? General liability insurance.
3) Select The Right Contractor. One way to ensure your new roof’s proper installation is to hire a professional roofing contractor to handle the project. With this in mind, you should take the time to look around for the right contractor. . Before the roofing installation starts, request a contract from your roofing contractor.
INSURANCE |. Contractors are realizing that the typically separate operations and business management sides of their companies work better when they work together. Contractors and software vendors alike keep looking for better ways to connect the two. Next Generation of Document Management. STRATEGY |. MANAGEMENT |.
Data and documents are shared via a common data environment. Each stakeholder or contractor maintains their own data and documents. The CIC BIM Protocol is a contract document for use with any standard building contract. It focuses on professional indemnity insurance issues. CIC BIM Protocol. Clash Rendition.
In Pennsylvania, contractors working on residential projects need to be aware of the Pennsylvania Home Improvement Consumer Protection Act. The Act establishes a registration program for home improvement contractors, along with required contract provisions, minimum insurance coverage, and more. Project details.
The American Institute of Architects (AIA) recently released seven updated documents in its design-build family. AIA Documents Overview. The key document is, of course, the agreement between the Owner and the Design-Builder. ” Practice Point. Of course, any form document will give you a good starting point.
INSURANCE |. A lot of contractors have asked me about Section 179. Most of these contractors are considering an investment in equipment or software, and they want to know if it can actually help their construction business. document management. STRATEGY |. MANAGEMENT |. ACCOUNTING |. SOFTWARE |. MARKETING |. EQUIPMENT |.
This trend highlights the growing importance of streamlined contractor screening and getting prequalified for *ISNetworld® hiring clients’ job offerings. How to Maintain Contractor Compliance with Sable Offshore Corp. Contractors working with Sable Offshore must meet specific requirements.
Invoices, receipts, bills, contracts, client records, pay applications, insurances, licenses - are just among the few in the seem to be never-ending "etc.". Keeping essential documents is necessary. Most contractors go from one extreme to the other.
Navigating the insurance requirements for construction projects can be daunting. Insurance plays a crucial role in managing risks and ensuring the successful completion of any construction project. For more details on CGL insurance, visit Construction Coverage. Explore Stonemark’s insights on project-specific insurance.
For contractors looking to work with Coke Florida, understanding the significance of ISNetworld compliance is essential. The Importance of ISNetworld Compliance Why Compliance Matters For contractors, maintaining compliance with any ISNetworld ® hiring client is not just a requirement but a strategic advantage.
INSURANCE |. I know a lot of contractors are getting into bidding season, and this got me thinking about communication. I know from my days as a general contractor that plans and specifications are altered continuously as subcontractors become involved, materials are changed, and change orders are issued. document management.
general and administrative and other overhead costs, insurance costs, bonding and alternative payment protection costs, protective clothing, 5117.9002 Applicability. (a) “Coefficient” means a numerical factor that represents costs (generally indirect costs) not included in JOCPB unit prices (e.g., b) Statement of work. (1)
QuickBooks For Contractors Setup. We Fix Bad QuickBooks For Contractors Setup Issues. Let us handle your QuickBooks setup for your contracting company because accurate QuickBooks contractor reports are what profitable contractors use to help them steer their construction company through the ups and downs of the business cycle.
By Bruce Jervis A contractor claiming entitlement to construction costs will of course be asked to prove those costs. But does proof require hard documentation of each and every actual expenditure? The contractor was entitled to a fee of 10 percent of total costs, including direct expenditures by the project owner.
It impacts all stakeholders in supply chain management, including contractors like you. Comprehensive Compliance Management Digital insurance verification, document management, and ESG compliance now work hand-in-hand with tailored solutions to meet todays increasingly complex requirements.
We organize all of the trending information in your field so you don't have to. Join 116,000+ users and stay up to date on the latest articles your peers are reading.
You know about us, now we want to get to know you!
Let's personalize your content
Let's get even more personalized
We recognize your account from another site in our network, please click 'Send Email' below to continue with verifying your account and setting a password.
Let's personalize your content