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Lower Insurance Costs: A strong safety record can lower your insurance premiums and improve your bottom line. Whether you need help resolving conflicts or troubleshooting projectmanagement issues, the IUPAT offers support every step of the way.
Editor’s Note: This is Part 2 of a five-part series on Construction ProjectManagement. Last week, we talked about the complexity of construction projects and the role of the projectmanager in managing the processes behind them. Championing Construction Collaboration.
Editor’s Note: This is Part 3 of a five-part series on Construction ProjectManagement. Previously, we looked at the complexity of construction projects and the importance of the folks working on project teams—especially the projectmanager who has to keep all people and processes moving on a daily basis.
For years, I’ve been saying that using a cloud-based projectmanagement software should be a no-brainer for any construction company. 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.
This includes pre-construction and planning phase activities including initial owner scope of work as well as all related planning, procurement, and projectmanagement processes. A construction cost audit and associated checklist are important risk management and LEAN construction planning, procurement, and project delivery tools.
Improve ProjectManagement. Managingprojects in construction is a complex set of tasks that involves overseeing a lot of people, equipment, materials and timelines. Modern projectmanagement software solutions are helping managers keep track of it all more efficiently, often from a single, integrated database.
MANAGEMENT |. INSURANCE |. General Management. People Management. Equipment Management. Some projectmanagers tend to think of safety in the workplace as one of those things that we do “when we get a chance.” Fewer accidents also mean lower insurance premiums, which mean lower labor costs.
Project loss insurance has the potential to save contractors from devastating project losses, no matter the cause. Project loss insurance, or PLI, is designed to mitigate catastrophic construction project losses. Its goal is to prevent contractors from going bankrupt or out of business due to a project loss.
MANAGEMENT |. INSURANCE |. General Management. People Management. Equipment Management. 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.
Require awarded JOC contractors to perform work themselves and allow subcontractors only on a preapproved/per project/work order basis. Establish a process to prequalify all subcontractors, requiring them at a minimum to be licensed, insured, and have sufficient relevant experience.
Last summer, we learned that Travelers Insurance believed that using Procore as a projectmanagement tool helped contractors reduce risk on their projects so much that they were willing to help pay for them to join the platform. Arkansas 4. Colorado 5. Connecticut 6. Delaware 7. Illinois 12. Kentucky 15. Maryland 16.
MANAGEMENT |. INSURANCE |. General Management. People Management. Equipment Management. Public Exposure and Liability on Construction Sites » Better ProjectManagement through Better Communication. Hopefully, you’ve had the chance to consider how deliberate your project communications are.
MANAGEMENT |. INSURANCE |. General Management. People Management. Equipment Management. 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?
If time is tracked daily and made available to managers, you know in advance when overtime might occur, and can put in place systems to avoid it. With the right software, projectmanagers have access to all project information at any time. Even insurance expenses can be reduced with the right integrated software platform.
After scouring the newspapers and car lots, he found one on a used car lot that, with a little help on the down payment and insurance, he could afford. That means using business and projectmanagement software that does not rely heavily (or at all) on the type of device being used.
MANAGEMENT |. INSURANCE |. General Management. People Management. Equipment Management. Not too long ago, or so it seems, we were more than ecstatic at the idea of being able to call our projectmanagers in the field on mobile phones. Committing Intentional Project Communications. STRATEGY |.
MANAGEMENT |. INSURANCE |. General Management. People Management. Equipment Management. He replied, “Well, that depends on the projectmanager.”. While it’s understandable that every projectmanager has a different way of managing, the reality is that change orders don’t have room for personal style.
Employee payroll taxes, insurance, and fringe benefits. Projectmanagement and supervision. Office management and equipment. Here’s a listing of what is typically included in a construction contractor’s Job Order Contract coefficient… Contractor’s overhead and profit. Subcontractors’ overhead and profit.
MANAGEMENT |. INSURANCE |. General Management. People Management. Equipment Management. « Better ProjectManagement through Better Communication. Committing Intentional Project Communications » Public Exposure and Liability on Construction Sites. document management.
This means having the right mix of engineers, architects, surveyors and projectmanagers that know how to handle your unique project. Risk Management Strategies When it comes to starting a construction or trading business, risk management is essential for success.
It’s not all about GAAP, as this conference delivers value for operations with solutions eliminating silos between projectmanagement, preconstruction, estimating and BIM too. It’s also a good place to find possible “good fits” for joint venture projects.
MANAGEMENT |. INSURANCE |. General Management. People Management. Equipment Management. Projectmanagers are used to logging information – job progress, change orders, labor, weather, and so on. Logging the activity surrounding your project documents should be no exception. Management.
XL Insurance Enters Collaborative Agreement With PSMJ Resources, Inc. to Advance A/Es Risk and Practice Management. The synergy of XL Insurance’s Design Professional group and PSMJ will drive relevant and timely thought leadership in our service to customers and the design community.” skip to main | skip to sidebar.
MANAGEMENT |. INSURANCE |. General Management. People Management. Equipment Management. Most of all, I learned that workforce management and structuring your company appropriately is one of the biggest challenges contractors face. Committing Intentional Project Communications. document management.
MANAGEMENT |. INSURANCE |. General Management. People Management. Equipment Management. Gregg is a consultant with FMI and specializes in the areas of productivity and projectmanagement. Committing Intentional Project Communications. Better ProjectManagement through Better Communication.
MANAGEMENT |. INSURANCE |. General Management. People Management. Equipment Management. This left the projectmanagers with inaccurate information on their jobs, and the accounting staff up to their eyeballs in timecards. Committing Intentional Project Communications. document management.
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