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This article outlines three important documents that you’ll need in order to start and run a profitable business. Insurance is perhaps the most important thing to arrange before starting a construction company. There are many different types of insurance in the United Kingdom. Legal Documents. Business Plan.
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.
The financial value of green buildings is well documented, from commanding higher rents, greater occupancy rates, and increased occupant satisfaction, to lower operating costs for everything from reduced insurance premiums and less energy utilized, easily resulting in an increased return on investment of more than 9% over conventional building.
INSURANCE |. Public Exposure and Liability on Construction Sites » Better Project Management through Better Communication. Consider these three vital areas: Construction Project Documents: How do you move documents through your organization? Public Exposure and Liability on Construction Sites. STRATEGY |.
INSURANCE |. « Public Exposure and Liability on Construction Sites. 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.
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. STRATEGY |. MANAGEMENT |. ACCOUNTING |. SOFTWARE |. MARKETING |. EQUIPMENT |. General Management. Accounting & Finance.
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.
Luckily, that’s what insurance is for, right? Does a general contractor’s insurance cover their subcontractors’ accidents or mistakes? While there isn’t a cut-and-dry answer to these questions, we’ll take a deeper look into insurance coverage and what happens in these situations. Who is covered by an insurance policy?
His book, Legal Guide to AIA Documents, published by Aspen Publishing, is in its fifth edition. Sabo & Zahn LLC is an Illinois Limited Liability Company. Limitation of Liability in new AIA Document. One of the new 2007 AIA documents is B103 -- Owner-Architect Agreement for a Large or Complex Project. Disclaimer.
INSURANCE |. Keeping documents as electronic files reduces paper waste and clutter in your office because you can get rid of the filing cabinets. Electronic filing also gives you the ability to search with simple keyword terms, so you can find documents faster. Archiving documents. document management. STRATEGY |.
INSURANCE |. Next Generation of Document Management. For construction companies to function efficiently, they need documents to flow smoothly. Document imaging and management has been around for a while. Today, we need more process-oriented document management. STRATEGY |. MANAGEMENT |. ACCOUNTING |. SOFTWARE |.
INSURANCE |. Public Exposure and Liability on Construction Sites. document management. STRATEGY |. MANAGEMENT |. ACCOUNTING |. SOFTWARE |. MARKETING |. EQUIPMENT |. General Management. Software & Technology. Accounting & Finance. Construction Law. People Management. Green Building. Construction Safety. Compliance/Regulations.
When working in construction, your insurance policy gets issued as a fairly standard contract. At the core, you have property coverage for your tools and equipment, along with a liability component that protects your financial assets in case there’s a work-related accident or injury that you may have some responsibility for. .
INSURANCE |. Public Exposure and Liability on Construction Sites. document management. STRATEGY |. MANAGEMENT |. ACCOUNTING |. SOFTWARE |. MARKETING |. EQUIPMENT |. General Management. Software & Technology. Accounting & Finance. Construction Law. People Management. Green Building. Construction Safety. Compliance/Regulations.
INSURANCE |. 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. Public Exposure and Liability on Construction Sites. document management. STRATEGY |. MANAGEMENT |. ACCOUNTING |. SOFTWARE |. MARKETING |. EQUIPMENT |. General Management.
Avoiding Legal Issues Hiring clients hire a licensed contractor to save themselves from legal liabilities and low-quality work. Unlicensed contractors do not have the necessary documentation to prove their skills. You must upload 3 years of OSHA logs, Insurance (COI & EMR), and Safety programs (RAVS®).
INSURANCE |. Finally, the programmers that do the actual coding will receive the final specifications document. They will study the document and then meet with the analyst to thoroughly review all aspects of the specifications. Public Exposure and Liability on Construction Sites. document management. STRATEGY |.
INSURANCE |. Public Exposure and Liability on Construction Sites. document management. STRATEGY |. MANAGEMENT |. ACCOUNTING |. SOFTWARE |. MARKETING |. EQUIPMENT |. General Management. Software & Technology. Accounting & Finance. Construction Law. People Management. Green Building. Construction Safety. Compliance/Regulations.
INSURANCE |. Public Exposure and Liability on Construction Sites. document management. STRATEGY |. MANAGEMENT |. ACCOUNTING |. SOFTWARE |. MARKETING |. EQUIPMENT |. General Management. Software & Technology. Accounting & Finance. Construction Law. People Management. Green Building. Construction Safety. Compliance/Regulations.
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 |. Committing Intentional Project Communications » Public Exposure and Liability on Construction Sites. A Safety Consultant’s Opinion: After having worked in the safety industry for over 21 years, 14 of which were with 2 major insurance companies. Public Exposure and Liability on Construction Sites.
INSURANCE |. Public Exposure and Liability on Construction Sites. document management. STRATEGY |. MANAGEMENT |. ACCOUNTING |. SOFTWARE |. MARKETING |. EQUIPMENT |. General Management. Software & Technology. Accounting & Finance. Construction Law. People Management. Green Building. Construction Safety. Compliance/Regulations.
Scenarios like these stress the need for an electrician to have insurance coverage in place. Thus, a strong insurance plan helps you rest easier both on and off the job. Why can an electrical contractor use insurance? Insurance policies can help your business cover the costs of both minor and major incidents.
INSURANCE |. Many contractors haven’t taken advantage of digital document solutions, and the ones that have are still dealing with high volumes of data. Public Exposure and Liability on Construction Sites. document management. STRATEGY |. MANAGEMENT |. ACCOUNTING |. SOFTWARE |. MARKETING |. EQUIPMENT |. Construction Law.
INSURANCE |. To further complicate matters, a construction project may have hundreds, perhaps thousands, of people working on it at any given time, making document version control a constant struggle. Public Exposure and Liability on Construction Sites. document management. STRATEGY |. MANAGEMENT |. ACCOUNTING |.
INSURANCE |. Venture tools are built to give contractors visibility and control over three key areas of construction operations: Documentation. Document Management. It’s no secret that documents play a vital role in the construction process from beginning to end. Public Exposure and Liability on Construction Sites.
INSURANCE |. Sometimes, as you know, project documents can devote an entire plan sheet or spec section to a list of abbreviations and acronyms. A lot of this communication revolves around the project documentation. Public Exposure and Liability on Construction Sites. document management. STRATEGY |. MANAGEMENT |.
INSURANCE |. Public Exposure and Liability on Construction Sites. document management. STRATEGY |. MANAGEMENT |. ACCOUNTING |. SOFTWARE |. MARKETING |. EQUIPMENT |. General Management. Software & Technology. Accounting & Finance. Construction Law. People Management. Green Building. Construction Safety. Compliance/Regulations.
INSURANCE |. Public Exposure and Liability on Construction Sites. document management. STRATEGY |. MANAGEMENT |. ACCOUNTING |. SOFTWARE |. MARKETING |. EQUIPMENT |. General Management. Software & Technology. Accounting & Finance. Construction Law. People Management. Green Building. Construction Safety. Compliance/Regulations.
INSURANCE |. This, after all, is the foundation of the insurance industry. And risk can be a profit center, since insurance companies obviously make money. So what do construction and insurance companies have in common? Well, consider the business model of the insurance industry. document management.
INSURANCE |. So, I took some photos, wrote an RFI attached the photos to the document and sent it to the architect noting its urgent status. Do you have a process for organizing, storing and attaching all supporting documentation for an issue? Public Exposure and Liability on Construction Sites. STRATEGY |. MANAGEMENT |.
INSURANCE |. Public Exposure and Liability on Construction Sites. document management. STRATEGY |. MANAGEMENT |. ACCOUNTING |. SOFTWARE |. MARKETING |. EQUIPMENT |. General Management. Software & Technology. Accounting & Finance. Construction Law. People Management. Green Building. Construction Safety. Compliance/Regulations.
INSURANCE |. Public Exposure and Liability on Construction Sites. document management. STRATEGY |. MANAGEMENT |. ACCOUNTING |. SOFTWARE |. MARKETING |. EQUIPMENT |. General Management. Software & Technology. Accounting & Finance. Construction Law. People Management. Green Building. Construction Safety. Compliance/Regulations.
INSURANCE |. Fewer accidents also mean lower insurance premiums, which mean lower labor costs. or higher, then it might be time to consider implementing a comprehensive safety plan to try and reduce your workers compensation insurance costs. Public Exposure and Liability on Construction Sites. document management.
INSURANCE |. Public Exposure and Liability on Construction Sites. document management. STRATEGY |. MANAGEMENT |. ACCOUNTING |. SOFTWARE |. MARKETING |. EQUIPMENT |. General Management. Software & Technology. Accounting & Finance. Construction Law. People Management. Green Building. Construction Safety. Compliance/Regulations.
INSURANCE |. Integrated Document Management. To help you manage your paper, look for systems with document imaging and management that go beyond “scan and store” capabilities. You should be able to search the text of the documents, not just the file names. Public Exposure and Liability on Construction Sites.
f) “Job order contractor” – a licensed, bonded, and general liabilityinsured contractor awarded a job order contract. (g) The proposal may also contain approved drawings, work schedule, permits, or other documentation as the organization may require for a specific job order.
INSURANCE |. We are officially in fall, so grab some hot chocolate and let’s discuss why, despite available document imaging technology, people still use paper. People want to have access at any given time to all of their documents. Public Exposure and Liability on Construction Sites. document management.
Are Surety Bonds Insurance? While many contractors confuse surety bonds and insurance, they are different. Surety bonds do not protect you against liability. The company will ask for some additional documents so that it can evaluate you and your business to determine your level of risk during an underwriting process.
INSURANCE |. Public Exposure and Liability on Construction Sites. document management. STRATEGY |. MANAGEMENT |. ACCOUNTING |. SOFTWARE |. MARKETING |. EQUIPMENT |. General Management. Software & Technology. Accounting & Finance. Construction Law. People Management. Green Building. Construction Safety. Compliance/Regulations.
INSURANCE |. From applications that make your meetings and webinars more collaborative to document management and social media apps to help you and your team organize, it seems collaboration is everywhere. Public Exposure and Liability on Construction Sites. document management. STRATEGY |. MANAGEMENT |. ACCOUNTING |.
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., c) Authorization and limitations. (1)
INSURANCE |. Public Exposure and Liability on Construction Sites. document management. STRATEGY |. MANAGEMENT |. ACCOUNTING |. SOFTWARE |. MARKETING |. EQUIPMENT |. General Management. Software & Technology. Accounting & Finance. Construction Law. People Management. Green Building. Construction Safety. Compliance/Regulations.
INSURANCE |. Public Exposure and Liability on Construction Sites. document management. STRATEGY |. MANAGEMENT |. ACCOUNTING |. SOFTWARE |. MARKETING |. EQUIPMENT |. General Management. Software & Technology. Accounting & Finance. Construction Law. People Management. Green Building. Construction Safety. Compliance/Regulations.
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