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

DECEMBER 17, 2024

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. The choice of tax accounting methods for contracts can significantly impact financial statements, cash flow and tax liabilities.

Cash Flow 156

Cash Flow Contractors Liability Accounting 156

Viewpoint Construction Technology

FEBRUARY 14, 2018

Many contractors have been using this 3D design method for years now to improve collaboration, often with impressive results for efficiency and ROI. The ConTech Report points out that one day soon BIM might not be optional for contractors in the United States. It also reduces liability by enabling more accurate planning and management.

BIM 223

BIM Contractors Software Software 223

Construction Marketing

DECEMBER 27, 2021

As a contractor, you likely know that your business is always at risk. Here’s an overview of the most important types of insurance for contractors. Here’s an overview of the most important types of insurance for contractors. General Liability Insurance. Professional Liability Insurance.

Insurance 156

Insurance Contractors Accidents Liability 156

HardHatChat

MARCH 9, 2010

Unfortunately, a landlord’s biggest liability in a commercial construction project can be an insensitive general contractor whose only concern is making his deadline and budget. What’s wrong with a general contractor focused on commercial construction costs and his construction schedule? Q uiet over there! No complaints?

Contractors 192

Contractors Retail Remodeling Commercial 192

Construction Business Owner

MARCH 4, 2025

Most contractors know they must manage taxes but may be too busy to plan. However, there are still options to mitigate tax liability. Here are five tactics that contractors can implement right now. All tax planning strategies have deadlines, and most tax savings tactics must be implemented by the end of the calendar year.

Cash Flow 156

Cash Flow Liability Plans Contractors 156

Construction Business Owner

NOVEMBER 7, 2023

The consequence of this upward trend in construction costs is a significant challenge for general contractors and real estate developers. Joe Tejeda, a dedicated construction broker with over a decade of experience, has become a trusted risk advisor for general contractors and real estate developers.

Risk 354

Risk Insurance Construction Security 354

Construction Dive

APRIL 8, 2024

Are you paying prevailing wages correctly? Understanding the updated DBRA regulations is more important than ever.

Liability 145

Liability Risk Regulation Contractors 145

Construction Dive

APRIL 10, 2019

As use of the technology expands, contractors, subs and other stakeholders should heed the safety and liability risks involved, an aviation attorney writes.

Contractors 124

Contractors Liability Risk Safety 124

Construction Business Owner

MARCH 29, 2013

on a Saturday, and Stan Appleman, a Southeast-based general contractor, sat in his office sorting through papers. However, this day was different, and his mind was focused on a denied professional liability claim. . It was 5:30 a.m.

Liability 214

Liability Claims Office Contractors 214

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 185

Agreement Liability Risk Contractors 185

Construction Dive

DECEMBER 18, 2023

The ruling, passed down from the state’s supreme court, could affect which issues contractors choose to litigate with insurers across the country.

Insurance 138

Insurance Liability Illinois Contractors 138

Construction Dive

JANUARY 20, 2023

A massive rulebook that most workers won’t read can leave a contractor vulnerable to OSHA fines and lawsuits, according to panelists at AGC’s safety conference.

AGC 138

AGC Safety Liability OSHA 138

Construction Business Owner

JUNE 8, 2017

By contrast, any delay in the process can subject contractors to delays, cost overruns and liability issues. To enable the many steps in a construction process to stay properly sequenced and on schedule, intricate vehicle timing is essential. This is an area in which robust telematics systems can provide a tremendous advantage.

Engineering 184

Engineering Liability Schedule Materials 184

Construction Marketing

JULY 11, 2022

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.

Contractors 156

Contractors Legal Bidding Contract 156

Construction Marketing

JANUARY 13, 2022

Rigging insurance, also known as riggers liability insurance, provides cover against property loss or damage when on the hook of cranes. Unfortunately, some contractors assume they have enough coverage for their construction jobs. You should include a riggers liability cover into your commercial general liability policy to be safe.

Insurance 168

Insurance Liability Compensation Accidents 168

Construction Marketing

FEBRUARY 11, 2021

Insurance, liability, and workers’ compensation . Roofing isn’t a one-person job; you’ll need, at least, two roofing contractors to work on a single site. Limited liability company (LLC) . Start with General Liability Insurance and the Workers’ Compensation Insurance. . Labor costs. Utility bills.

Insurance 295

Insurance Liability Legal Compensation 295

Safety Services Company

OCTOBER 16, 2023

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.

Management 123

Management Contractors Safety OSHA 123

Construction Business Owner

SEPTEMBER 27, 2013

One risk facing the construction industry is liability for defects in a company’s work.

Insurance 153

Insurance Liability Residential Commercial 153

Construction Marketing

JANUARY 18, 2018

You should instead find a commercial roofing contractor. Though there are many contractors out there, some of them are not reliable because they don’t have the experience that’s needed to handle such projects. Before you hire any contractor, you should do some background check to find out whether they are registered by the government.

Commercial 121

Commercial Contractors Insurance Injury 121

BD+C

AUGUST 5, 2021

Implied and express warranties for construction or material defects on projects have time limits but when the time limit is exceeded, that doesn’t mean that contractors are completely free from liability for failures.

Contractors 98

Contractors Liability Materials Construction 98

Contractor Bookkeeping

JULY 22, 2022

A proper Construction Contractor Bookkeeping System uses the Accounts Payable feature to track unpaid bills. The bank wants to get paid, and unlike the contractor who is embarrassed to call an old customer, the bank is very willing to call early and often for any outstanding payments due.

Accounting 97

Accounting Contractors Banking Insurance 97

ENR Construction

NOVEMBER 29, 2022

Firm was EPA contractor at defunct Gold King mine in Colorado when 3 M gal of toxic wastewater spilled into nearby rivers and states, but judge refuted New Mexico damage claim that firm had responsibility

Liability 78

Liability New Mexico Contractors Colorado 78

Job Order Contracting

JANUARY 10, 2017

What Construction Contractors Need to Know About JOB ORDER CONTRACTING, Cooperatives, and Best Management Practices. As a construction contractor considering a Job Order Contract (JOC), it is critical to be aware that all JOCs are not the same. Carefully review all of the Job Order Contract and all associated documents.

Contract 100

Contract Contractors Liability Bidding 100

Levelset

SEPTEMBER 8, 2022

Liability insurance protects your business against claims for damages caused by you and your workers, if you have any. The two most common liability insurance policies for contractors are general liability and professional liability. What are general liability and professional liability insurance?

Liability 52

Liability Insurance Claims Legal 52

Levelset

AUGUST 24, 2022

Two of the most common insurance policies that contractors have are builder’s risk and general liability, which serve very different purposes. Builder’s Risk Insurance General Liability Insurance Coverage Covers a building under construction—and often tools, equipment, and materials related to the project.

Liability 52

Liability Risk Insurance Contractors 52

Job Order Contracting

AUGUST 30, 2022

JOC (JOB ORDER CONTRACTING) Programs, however, can fail if they… do not abide by core JOC and LEAN and principles, do not focus upon building and keeping public sector owner and contractor capabilities and knowledge via a collaborative robust process, require reliance upon full-time “JOC consultants”, require payment associating fees based upon (..)

Contract 263

Contract Procurement Consulting Liability 263

Levelset

SEPTEMBER 7, 2022

Professional liability insurance provides contractors coverage from financial losses that happen as a result of their errors, mistakes, or negligence. For instance, a plumber who fails to properly lay a pipe could cause water damage that leads to an expensive repair for the general contractor.

Liability 52

Liability Insurance Injury Contract 52

Construction Marketing

JULY 30, 2019

Plumbing contractors are the professionals that are trained to assemble, install and repair water pipes. While hiring a plumbing contractor can help in salvaging your home from a water crisis, it can also worsen a situation. Here is a list of tips that can guide you in hiring a reputable plumbing contractor to work on your property.

Contractors 120

Contractors Insurance Compensation Liability 120

Construction Junkie

SEPTEMBER 22, 2020

According to the survey, the contractors who perform $50 million of work or less annually have experienced less delays and cancellations. Continued Uncertainty It’s hard to tell how much longer we’ll be dealing with the effects of the pandemic and many contractors are unsure when they’ll be able to return to 2019 levels.

Contractors 137

Contractors AGC Autodesk Safety 137

Construction Business Owner

OCTOBER 31, 2013

In recent years, more owners have requested that our law firm’s contractor clients purchase an owners and contractors protective liability policy (OCP policy), a type of insurance policy with which many contractors are unfamiliar.'

Negotiation 120

Negotiation Liability Insurance Contractors 120

Job Order Contracting

JULY 19, 2020

liability insurance and allowance for small tools and consumables. Liability insurance based upon local contractor rates is also added as a percentage. Liability insurance based upon local contractor rates is also added as a percentage. Material costs are either.

Estimating 213

Estimating Overhead Construction Liability 213

Construction Marketing

OCTOBER 19, 2021

Snow removal insurance can offer a wide variety of policies to protect contractors and their businesses. 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. Conclusion.

Insurance 187

Insurance Legal Compensation Injury 187

Job Order Contracting

JANUARY 19, 2021

Traditionally, architects and engineers, prime contractors, specialty subcontractors, and material suppliers come together one time to execute a single project for a specific owner. A program-based systematic step-by-step approach to operating a value-driven FM and AECOO sector is the only proven path to significant improvement.

Management 264

Management Procurement Environment Life Cycle 264

Construction Business Owner

JUNE 12, 2016

First, contractors are taking on an expanded role in project design. As a result of these trends, the liability exposures that contractors often face have significantly increased. Two major trends are currently reshaping the construction industry.

US 120

US Liability Modeling Contractors 120

Construction Dive

AUGUST 17, 2023

As Florida joins other states using the online system, contractors should get familiar with the process so they don’t open themselves up to liability or citations.

Liability 116

Liability Florida Contractors 116

Construction Dive

OCTOBER 30, 2019

Using a DBA or creating a new corporate entity are ways contractors can distribute liability, expand geographically, update brand identity or even take on work that would put them in political crosshairs.

Liability 116

Liability Contractors Construction 116