Pro Builder

DECEMBER 7, 2020

Is Your Construction Team Prepared for Cyber Risks? Malicious cyberattacks could impact project designs, bid data, and security system information involved in architectural proposals. The growing number of cyber risks may feel daunting, but there are several ways to protect your business from these cybercrimes. Operations.

Risk 92

Risk Construction Security Bidding 92

Job Order Contracting

AUGUST 31, 2021

Traditional contracting methods typically involve the non-owner participants tendering a lump-sum price based on the owner’s proposed allocation of responsibilities and risks. The post Collaborative Construction Solution – Public Sector appeared first on 4BT.

Construction 176

Construction Procurement Liability Contract 176

Construction Business Owner

DECEMBER 6, 2011

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. Or you could take a risk in offering a new product. Green Building.

Construction 195

Construction Software Software Accounting 195

Construction Marketing

SEPTEMBER 24, 2015

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.

Documentation 120

Documentation Insurance Legal Liability 120

Safety Services Company

DECEMBER 1, 2023

With growing scrutiny on job site dangers and liability concerns, prioritizing safety is crucial in sustaining a competitive edge. A Good Safety Record Presents You as a Lower Risk Liability Contractors frequently operate in risky and hazardous environments. Your safety and compliance track record. Let’s look at why that is.

Safety 126

Safety Bidding Contract Liability 126

Construction Business Owner

APRIL 5, 2012

Green Construction & Construction Software » The Business of Construction Risk Management. With every project, no matter how big or small, there is always risk – risk of injury, financial responsibility, or quality assurance. If you stop to think about it, it’s clear that risk carries a dollar value.

Risk 120

Risk Insurance Construction Software 120

Construction Specifier

APRIL 14, 2023

By Greg Schreiber Physical security retrofit is not as simple as it used to be. With today’s health compliance mandates and growing social upheaval, physical security upgrades must transcend previous technologies which only focused on minimizing organizational risks in corporate office buildings. Photos courtesy Boon Edam.

Security 52

Security Office Comparison Liability 52

Levelset

SEPTEMBER 14, 2022

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. Subcontractor business liability insurance should be retained since a catastrophic claim could bankrupt most all painting contractors.

Insurance 98

Insurance Liability Claims Injury 98

Construction Business Owner

FEBRUARY 23, 2012

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. Today’s Cloud Security. General Management. Software & Technology.

Security 120

Security Construction Software Software 120

Autodesk Construction Cloud

FEBRUARY 25, 2022

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

Safety Debt Liability Equity 94

Construction Business Owner

DECEMBER 20, 2020

Strategically marketing your specific data is imperative to secure the best option available in the current market. . Risk Management. Author Bio Richard Kohn and William Lathem are Risk Consultants at Cobbs Allen. Cobbs Allen is an independent, national agency focused on risk management in niche practice groups.

Insurance 156

Insurance Virgin Islands Puerto Rico Alabama 156

Construction Business Owner

NOVEMBER 23, 2020

Strategically marketing your specific data is imperative to secure the best option available in the current market. . Risk Management. Author Bio Richard Kohn and William Lathem are Risk Consultants at Cobbs Allen. Cobbs Allen is an independent, national agency focused on risk management in niche practice groups.

Claims 156

Claims Virgin Islands Management Puerto Rico 156

Construction Business Owner

MARCH 1, 2012

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. Your risk will decrease significantly. General Management. Industry News.

Construction 120

Construction Cash Flow Security Software 120

BD+C

MAY 3, 2024

However, unlike other industries, healthcare providers face a number of unique and challenging security issues. Implementing modern access control systems in the MOB environment can mitigate these concerns while offering an array of additional benefits that extend beyond mere security.

Office 91

Office Safety Security Liability 91

Green Building Law Update

OCTOBER 13, 2019

And such creates potential liability for companies making ESG disclosures; if not also some silly results, including maybe the most ridiculed, when last year a major U.S. In the realm of securities disclosures it is often not enough to be correct. In the realm of securities disclosures it is often not enough to be correct.

DC 120

DC Sustainability Liability Risk 120

Construction Marketing

JULY 11, 2022

As an alternative to surety bonds, some licensing agencies allow contractors to put up the entire bond amount as security. 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.

Contractors 156

Contractors Legal Bidding Contract 156

Job Order Contracting

JANUARY 23, 2019

The General Services Administration (GSA) maintains the Federal Government’s database of all real property under the custody or control of executive branch agencies, except for property excluded for reasons of national security. As a result, the impact of lack of proper funding and management at the GSA presents staggering liabilities.

Leases 100

Leases Infrastructure Statistics Management 100

Building Radar

JULY 15, 2024

Insurance plays a crucial role in managing risks and ensuring the successful completion of any construction project. Common Types of Construction Insurance General Liability Insurance (CGL) Commercial General Liability (CGL) insurance is essential for both general and trade contractors.

Insurance 52

Insurance Liability Construction Risk 52

Construction Business Owner

AUGUST 19, 2011

These are risk takers, men and women who are driven to hustle and make a profit—not the sitting still type. Public Exposure and Liability on Construction Sites. General Management. Software & Technology. Accounting & Finance. Construction Law. People Management. Green Building. Construction Safety. Compliance/Regulations. Recent Posts.

Construction 120

Construction Software Software Accounting 120

Levelset

SEPTEMBER 19, 2022

Third-party insurance , also known as liability or casualty insurance, protects insured individuals or businesses in situations where they may be liable for damages to another person or business — the third party. The roofer’s general liability insurance covers claims related to injuries related to the customer’s fall.

Insurance 52

Insurance Liability Compensation Claims 52

Levelset

JULY 25, 2022

Working capital measures the difference between a construction company’s current assets and current liabilities. Businesses whose assets (like cash, accounts receivable, inventory, or materials) exceed the value of their liabilities (like wages, debts, vendor payments, or overhead costs) have working capital to use to maintain or grow.

Debt 97

Debt Cash Flow Equity Finance 97

Construction Business Owner

JANUARY 12, 2012

While documentation management and team member prequalification may seem fairly obvious sources of added costs and risks, administrative costs may not seem so obvious. Public Exposure and Liability on Construction Sites. General Management. Software & Technology. Accounting & Finance. Construction Law. People Management. Industry News.

Bidding 149

Bidding Construction Documentation Software 149

Levelset

SEPTEMBER 12, 2022

” You may already have an insurance policy that offers coverage for business property and general liability. The floater can stand alone or be a limited part of a builder’s risk business policy. Subcontractors face risk from a variety of angles , and some of those exposures can be addressed through a GC’s policy.

Insurance 52

Insurance Liability Risk Materials 52

Construction Business Owner

FEBRUARY 2, 2012

In this article, Schoppman explains how business owners should evaluate construction professionals on specific criteria to enhance margin, improve productivity and hedge construction risks. Public Exposure and Liability on Construction Sites. General Management. Software & Technology. Accounting & Finance. Construction Law.

Construction 120

Construction Software Software Accounting 120

Autodesk Construction Cloud

SEPTEMBER 1, 2022

There’s seemingly no risk of losing money on materials. These agreements limit the cost-risk for the customer. It also places the majority of the risks on the contractor. The risk and reward parties (i.e., Each party needs to remain committed to the IPD model or risk reverting to traditional project delivery methods.

Contract 98

Contract Maine Construction Agreement 98

Levelset

SEPTEMBER 6, 2022

In short, an additional insured is typically another business entity or person who can be added to your business policy, securing the same liability protection that you do. Among a number of other issues, insurance risk shifting is a concern for carriers. all of which operate differently.

Insurance 52

Insurance Liability Construction Contract 52

Levelset

AUGUST 26, 2022

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. . It’s prudent to look back and realize that potential liability doesn’t end when the project is completed.

Insurance 52

Insurance Liability Equipment Agreement 52

Levelset

SEPTEMBER 16, 2022

Additional coverage on your mobile business property can be obtained by amending your contractor’s insurance, or that protection could be secured through a standalone policy. A GC’s policy would extend general liability coverage to your subcontractor business. What is an equipment floater? The answer would almost definitely be “no.”.

Insurance 52

Insurance Equipment Contractors Risk 52

Construction Business Owner

OCTOBER 10, 2011

From his story it became clear to me that while you can do powerful things with spreadsheets if you devote the time, you run into three serious risks: Complex tasks require complex programming, something off-the-shelf spreadsheets aren’t designed to support (especially when it comes to troubleshooting). General Management. Construction Law.

Construction 120

Construction Software Software Accounting 120

Construction Business Owner

FEBRUARY 9, 2012

Current software providers can jump on the bandwagon, or risk losing out to new developers, or perhaps even these specialty apps created by contractors. Public Exposure and Liability on Construction Sites. General Management. Software & Technology. Accounting & Finance. Construction Law. People Management. Green Building. Recent Posts.

Software 120

Software Software Construction Accounting 120

Construction Business Owner

APRIL 12, 2012

« The Business of Construction Risk Management. Public Exposure and Liability on Construction Sites. General Management. Software & Technology. Accounting & Finance. Construction Law. People Management. Green Building. Construction Safety. Compliance/Regulations. Sales/Marketing. Equipment Management. Resource Center.

Construction 120

Construction Certification Green Software 120

Levelset

SEPTEMBER 13, 2022

Contractor liability for property damage. The day-to-day work of a contractor is rife with risk. General liability insurance helps limit the financial impact of those risks. In most cases, general liability insurance is a requirement for contractors seeking licensing within a state or city. Let’s take a look.

Insurance 52

Insurance Claims Liability Accidents 52

Construction Business Owner

MARCH 29, 2012

The Business of Construction Risk Management » The Fundamentals of Building Information Modeling (BIM). Public Exposure and Liability on Construction Sites. General Management. Software & Technology. Accounting & Finance. Construction Law. People Management. Green Building. Construction Safety. Compliance/Regulations.

BIM 120

BIM Construction Software Software 120

Levelset

OCTOBER 14, 2022

When you tackle the jobs you’ve secured, it’s also important to plan for the unexpected. In this respect, general liability insurance or workers’ compensation could help cover those costs if an incident should occur. . Liability for damage. Each field of subcontracting work has its own area of focus in insurance matters.

Insurance 52

Insurance Liability Injury Compensation 52

BD+C

OCTOBER 30, 2023

After they secured the land, we launched the project together into the coming storm of the Covid-19 pandemic. An initial observation from a contractor even deemed it 'unbuildable,' but we believe in facing challenges head-on and have been taught to turn liabilities into opportunities. The "unbuildable" hill.

Architecture 105

Architecture Design AIA Engineering 105

Construction Business Owner

JANUARY 4, 2011

Some well managed businesses took some overly aggressive risks and are no longer with us. Public Exposure and Liability on Construction Sites. General Management. Software & Technology. Accounting & Finance. Construction Law. People Management. Green Building. Construction Safety. Compliance/Regulations. Sales/Marketing. Industry News.

Construction 120

Construction Software Software US 120

Federal Construction Contracting Blog

JANUARY 16, 2024

Following growing concerns within DoD that contractors were not consistently implementing the cybersecurity requirements of DFARS 252.204-2012, DoD responded with the creation of the CMMC Program in 2019 to move away from a “self-attestation” model of security. These affirmations are entered electronically in SPRS.

Certification 52

Certification Security Contract Defense 52