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Subcontractor Default Insurance: Pros & Cons for General Contractors

Levelset

Construction is a risky business, with among the highest rates of failure of any industry. In recent years, inflation, supply chain issues, and labor shortages have only increased the likelihood of project delays, performance issues, and contractor default. Related: 16 types of insurance coverage for contractors.

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Construction Input Prices Dip in August

Construction Superintendent Magazine

. – Both nonresidential construction input prices and overall input prices fell in August as energy prices retrenched, according to a recent analysis of the Bureau of Labor Statistics Producer Price Index released by Associated Builders and Contractors. Nonresidential construction input prices were down 0.2 percent on a year-over-year basis.

ABC 40
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Danny Ellis never had a real job interview… until he met Greg Korte

The Korte Company

After 20 years in the industry, he’s done so many jobs he can’t remember them all. They hired him on the spot, then put him through a four-year apprenticeship program with Associated Builders and Contractors (ABC). He did seven projects for HCA Healthcare, the city’s largest hospital system. It was a dead end,” he said.