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But to achieve that, you need a skilled workforce that can meet evolving industry demands. IUPAT members undergo rigorous training and certification programs that keep them up to date with the latest industry practices, technologies, and safety protocols. In a competitive industry, reputation matters. Reliable Labor Supply.
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Throughout the last decade, the construction industry has spawned an entirely new black market industry—construction theft. According to the National Insurance Crime Bureau, as much as $1 billion in construction tools, equipment and materials is stolen nationwide each year, 90 percent of which is taken directly from construction sites.
Rising Construction Costs Lead to Higher Risks PCF Construction offers insight on current market construction risks and how to take control mhodges Tue, 11/07/2023 - 09:13 One of the most pressing issues in the construction industry today is the unforeseen or unintended increase in risk exposures due to rising construction costs.
For most businesses, workers’ compensation is the largest insurance expense line item. Being able to secure the lowest possible premium and reduce the impact of an audit will help you avoid the headaches many companies face in managing this insurance.
now known throughout the industry as IRMI, was founded in 1978 with the main purpose of providing education, by way of seminar and print publication, to risk managers, insurance agents/brokers, underwriters and other insurance professionals. The International Risk Management Institute Inc.,
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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.
mhodges Mon, 12/04/2023 - 08:13 According to Joe Tejeda, Practice Leader for PCF Construction, one of the most pressing issues in the construction industry today is the unforeseen or unintended increase in risk exposures due to rising construction material costs.
Since the creation of Subcontractor Default Insurance (SDI) in 1995, contractors have developed many informed and uninformed perspectives about this insurance product and how it functions. Multiple insurance carriers now widely use and offer SDI as a risk management tool to secure subcontractor performance.'
Fines totalling more than £150,000 handed down over use of private detectives to illegally obtain private banking records An insurance firm and two senior figures connected with the company have been given record fines for using private detectives to illegally obtain the private banking records of a businessman they were investigating.
Quantities must leverage consistent, industry standard units of measure. . #4 Uniform and Consistent Quantities and Costs A quantity take-off is a continuous list of items and measurements and leverage appropriate technolog y to enable information sharing, updating, and resue. Costs must be current, objective, and locally reserached.
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INSURANCE |. Industry News. Industry Statistics. So it’s no surprise that whenever I talk to companies about how they store their data, the number one concern I hear is in regards to security. According to Eric, most of his clients have “far humbler” security checkpoints than what a data center can offer.
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In a pivotal move for the beverage industry, Coca-Cola Beverages Florida (also known as Coke Florida ) has recently become an ISNetworld® hiring client as of June 2024. ISNetworld helps companies like Coke Florida manage contractor safety, insurance, and regulatory information.
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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 has recently joined *ISNetworld.
Plumbing contractors should include business insurance as an integral part of their financial strategy. When you tackle the jobs you’ve secured, it’s also important to plan for the unexpected. What is plumber’s insurance? Each field of subcontracting work has its own area of focus in insurance matters.
INSURANCE |. Industry News. Industry Statistics. This, after all, is the foundation of the insuranceindustry. And risk can be a profit center, since insurance companies obviously make money. So what do construction and insurance companies have in common? The construction industry is dangerous.
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INSURANCE |. Industry News. Industry Statistics. Turn Construction Data into Business Answers » Data Security in the Cloud. People I’ve talked to say it’s because they’re unsure of the security surrounding their business data. Security is whatever the local IT department decides is adequate.
Despite being one of the leading employment sectors in many countries, the construction industry is one of the most dangerous sectors. As an employer, you should ensure that your construction site offers maximum safety and security standards to its workers. Adhere to industry guidelines. For instance, the U.S.
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INSURANCE |. Industry News. Industry Statistics. Silos: Great for Grain, Not so Great for Business » Choosing a Cloud Host: Data Security. Now, the poll wasn’t scientific, but I think that number indicates where the industry is heading. One key issue to consider is data security. ACCOUNTING |.
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.
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An insurance policy rarely meets every contractor’s needs out of the box. One of the most common endorsements you’ll likely encounter involves additional insured (AI) parties. While it may sound unusual, adding additional insureds is common and extends benefits both to you as a policyholder – and the party being named on the policy.
INSURANCE |. Industry News. Industry Statistics. Geographically secure data backup. And last, but not least…Security. Security may be your number one concern when choosing your hosting solution. Previously I discussed the relative security of cloud computing solutions. 24/7/365 on-site security.
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