Remove Finance Remove Liability Remove Risk
article thumbnail

What Are the Things Every Construction and Tradie Business Needs To Succeed?

Construction Marketing

Make sure you know your stuff when it comes to project planning and risk assessment so that everyone knows what’s expected of them. Strong Finances and Good Credit When you are about to create your Construction and trade business, finances and budgeting should be among the first things on your list.

article thumbnail

Green Buildings are Subsidizing Conventional Buildings Stymying Climate Progress

Green Building Law Update

And yes, there are green bonds in the marketplace, but they finance almost any positive environmental impact, not specifically green building, and with no widely recognized standard many have been criticized as greenwash. Real estate has been and remains the largest sector in the U.S. It is time to dare and endure.”.

Green 293
professionals

Sign Up for our Newsletter

This site is protected by reCAPTCHA and the Google Privacy Policy and Terms of Service apply.

article thumbnail

The Startup Construction Business Checklist: 3 Important Documents You Need to Have

Construction Marketing

A construction business needs need public liability insurance , and employers’ liability insurance if you employ staff. Although public liability insurance is not a legal requirement, it should be regarded as essential. Your business plan should also identify potential risks that could result in cash flow problems.

article thumbnail

Now is the Time to Revise your Green Building Contracts

Green Building Law Update

These two dramatic changes to LEED have very real potential for increasing risk in green building, but updates are also underway to Green Globes and ASHRAE 189.1 And that litigation predated the increased liability associated with materials including the new largely untested EPDs and HPDs. as well as to a host of green codes.

Green 159
article thumbnail

Construction Business Owner Blogs

Construction Business Owner

Accounting & Finance. In running a business, there must always be a certain amount of risk that you’re willing to take. Risk is healthy; it keeps things fresh and gives you the opportunity to evolve. I took a risk in 2005 and dressed up as Superman for a marketing campaign. Never settle and take some measured risks.

article thumbnail

Key Financial & Safety Metrics for Subcontractor Qualification 

Autodesk Construction Cloud

For another, work delays from 2021 are likely to impact the risk of subcontractor default in 2022 and beyond. . The following standard financial ratios can help risk management teams evaluate potential trade partners during the subcontractor qualification process. Formula: Current Assets / Liabilities . Current Ratio .

Safety 94
article thumbnail

Construction Business Owner Blogs

Construction Business Owner

Accounting & Finance. Green Construction & Construction Software » The Business of Construction Risk Management. With every project, no matter how big or small, there is always riskrisk of injury, financial responsibility, or quality assurance. First, they understand risk. MANAGEMENT |. ACCOUNTING |.

Risk 120