Pro Builder

OCTOBER 4, 2021

Risk of Cyberattacks. As predominantly small- and medium-size companies, home builders and trade contractors are especially vulnerable to cybersecurity issues, so it's important for them to understand the risks and take action to protect themselves. SVP Risk Services Division. PB: What should cyber risk training cover?

Risk 97

Risk Defense Organization Insurance 97

Pro Builder

DECEMBER 7, 2020

Is Your Construction Team Prepared for Cyber Risks? While there are several cyber risks to monitor, ransomware and business email compromise attacks are two of the most common challenges we see contractors faced within our roles at Sentry Insurance. The account would then divert funds to the criminal instead. .

Risk 92

Risk Construction Security Bidding 92

Wolgast Corporation

JULY 6, 2022

Members include architects, risk managers, parking specialists, lawyers, and perimeter safety professionals. The emergency response report is also useful in your insurance claim for timing and dates. The Storefront Safety Council is a group of volunteers that are “passionate about ending vehicle-into-building crashes.”

Insurance 118

Insurance Claims Safety Michigan 118

Viewpoint Construction Technology

MAY 23, 2018

Editor’s Note: This is Part 2 of a five-part series on Construction Project Management. Last week, we talked about the complexity of construction projects and the role of the project manager in managing the processes behind them. Hire bad people to manage and build the project? The results will be poor.

Project Management 145

Project Management Management Software Software 145

Construction Enquirer

JULY 6, 2023

Rydon said its settlement is being covered by its insurers. In latest published accounts to September 2022, Rydon Group Holdings revealed a pre-tax profit of £6.1m The provision is also understood to include the potential outcome of ongoing talks with individuals not included in the BSR Cohort 1 group civil case settlement.

Claims 131

Claims Profitability Maine Insurance 131

Construction Law

MARCH 1, 2024

Editor Nick Barrett says a Public Accounts Committee report on HS2 provides little cheer to anyone hoping that the UK could somehow successfully deliver infrastructure investment on the scale highlighted recently as essential by the National Infrastructure Commission. Speed might however introduce commercial and legal risks, they warn.

Insurance 40

Insurance Claims Safety Legal 40

Construction Business Owner

APRIL 5, 2012

MANAGEMENT |. ACCOUNTING |. INSURANCE |. General Management. Accounting & Finance. People Management. Equipment Management. Green Construction & Construction Software » The Business of Construction Risk Management. This, after all, is the foundation of the insurance industry.

Risk 120

Risk Insurance Construction Software 120

Autodesk Construction Cloud

JULY 13, 2023

While bringing in large projects and generating revenue is essential, it’s equally important to manage profit effectively and ensure healthy margins. Not only does this improve accountability, it also fosters a sense of trust and builds your reputation. We typically become more accepting of risk. Protect your reputation.

Profitability 98

Profitability Risk Construction Autodesk 98

Construction Marketing

MAY 19, 2021

Before starting a construction project , you should train workers operating in medium and high-risk areas on safety measures and standards. You can enroll these employees or their managers in short online safety training courses for basic lifesaving and safety training. Hire experts. Embrace technology. Adhere to industry guidelines.

Construction 175

Construction Safety Guidelines Employment 175

Levelset

NOVEMBER 10, 2022

In 2019, the construction industry accounted for about 20% of all work-related fatalities in the U.S. In this article, we’ll explore the most common jobsite safety risks — and what contractors can do to improve safety for all parties involved. . Common jobsite safety risks. Work with your insurance provider.

Safety 52

Safety Site Injury Construction 52

Construction Marketing

JANUARY 6, 2023

It is known for construction site staff to steal equipment while on the job, which is why keeping detailed logs of who has each item can help you to spot and protect yourself against potential theft, which you might need to make an insurance claim for down the line. Going Keyless. Strong Security Doors And Gates.

Security 282

Security Site Mobility Construction 282

Safety Services Company

AUGUST 21, 2020

Insurance companies use the number to assess the cost of injuries and future risks. When this happens, your insurer raises your insurance premium to mitigate risk. The class rate, for example, is higher for ironworkers, as this is a riskier job class than the class rate for a category, such as “accountant.”.

Insurance 62

Insurance Compensation Injury Claims 62

Construction Business Owner

DECEMBER 6, 2011

MANAGEMENT |. ACCOUNTING |. INSURANCE |. General Management. Accounting & Finance. People Management. Equipment Management. « 3 Tips for Better Construction Fleet Fuel Management. In running a business, there must always be a certain amount of risk that you’re willing to take.

Construction 195

Construction Software Software Accounting 195

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. Accounts Receivable Turnover . Current Ratio .

Safety 94

Safety Debt Liability Equity 94

Contractor Bookkeeping

DECEMBER 3, 2013

Did You Have Trouble Setting Up Xero Accounting Online? You are not alone, it is an accounting program built to satisfy the needs of accountants with an attempt to make it easy for non-accountants. Xero Accounting Online Setup is not as complicated as QuickBooks setup projects. Set up your Chart of Accounts.

Accounting 48

Accounting Washington Leases Insurance 48

HardHatChat

OCTOBER 18, 2016

For many companies, bringing a CFO on board is a major turning point that takes them from a small mom and pop shop to a large-scale firm with the capacity to manage complex construction projects. Pre-Construction Services.

Commercial 120

Commercial Safety Construction Project Management 120

Autodesk Construction Cloud

JULY 13, 2023

While bringing in large projects and generating revenue is essential, it's equally important to manage profit effectively and ensure healthy margins. Not only does this improve accountability, it also fosters a sense of trust and builds your reputation. We typically become more accepting of risk. Protect your reputation.

Profitability 52

Profitability Risk Construction Autodesk 52

Fieldwire

MARCH 5, 2024

Estimating project costs correctly and managing the budget accordingly are just as vital. Calculate labor costs Labor costs include worker wages, taxes, insurance premiums, retirement contributions, vacation and sick leaves, and union dues. Technologize budget management Responsibly spending funds is a different skill.

Budgeting 52

Budgeting Budget Estimating Bidding 52

Levelset

SEPTEMBER 22, 2022

By the same token, many potential situations pose risk to the health and safety of your employees and others working on the jobsite. Here’s an overview of eight of the top safety and health hazards in construction — and some preventive measures you can take to avoid these risks. . of all deaths in the construction industry. .

Safety 52

Safety Injury Risk Construction 52

Levelset

APRIL 15, 2022

When a property owner files an insurance claim to cover a restoration or roofing project, the owner typically deals directly with the insurance company. They may not have the funds available to pay the contractor out of pocket, so they’re counting on that insurance check to cover the construction costs. Setting up an AOB.

Insurance 52

Insurance Contractors Lien Claims 52

Levelset

AUGUST 16, 2022

However, larger projects come with greater risks and additional challenges. Large, multi-year projects are also more likely to face risks from potential economic changes, supply chain issues, and other unforeseen pressures that can threaten them. Next, subtract the sum of your accounts payable, short-term debts owed, and over-billings.

Risk 52

Risk Cash Flow Construction Banking 52

Constructonomics

SEPTEMBER 9, 2016

In many countries, they are gradually changing construction legislation to take account of this fact. The insurance industry believes that the cost could be even higher than that. In fact, the Association of British Insurers (ABI) estimates that the bill for the floods that occurred last winter will be closer to £1.3bn.

Industrial 100

Industrial Construction Insurance Commercial 100

Safety Services Company

DECEMBER 1, 2020

Total Recordable Incident Rate or TRIR is a mathematical computation that takes into account how many OSHA recordable incidents a company has per number of hours worked and this number can affect the fate of a company. The lower the EMR of a business, the lower their worker compensation insurance premiums will be. What is TRIR?

OSHA 62

OSHA Accidents Injury Compensation 62

Contractor Bookkeeping

JANUARY 6, 2014

In The Past You Had To make notes, collect customer information, go to your office, open QuickBooks or whatever construction accounting software you are using, wait for everything to load up and then try to find the paperwork, open the invoice screen and fill it out and if you were lucky you could email it from QuickBooks to your customer.

Accounting 50

Accounting Contractors Work in Progress Banking 50

Construction Specifier

MARCH 20, 2020

Further, the Health Insurance Portability and Accountability Act ( HIPAA ) requires individual patient information that is communicated orally, written, or digitally must remain private. Poor acoustic design increases the risk of noncompliance with federal privacy regulations.

Management 52

Management Guidelines Environment Regulation 52

Construction Business Owner

JANUARY 12, 2012

MANAGEMENT |. ACCOUNTING |. INSURANCE |. General Management. Accounting & Finance. People Management. Equipment Management. Document Management. Use a system to manage the documents you and your subs use to prepare bids. Better Project Management through Better Communication.

Bidding 150

Bidding Construction Documentation Software 150

Construction Business Owner

AUGUST 19, 2011

MANAGEMENT |. ACCOUNTING |. INSURANCE |. General Management. Accounting & Finance. People Management. Equipment Management. Why Construction-Specific Accounting Software Costs More than Generic Accounting Software » Look for the September How To Issue. STRATEGY |. SOFTWARE |.

Construction 120

Construction Software Software Accounting 120

Lets Build

JUNE 6, 2017

There is a number of parameters that you should think about and an efficient management of the risk is surely necessary. In other words, you can’t really define risk on the exact same way in every construction project. Even within the same project, there may be distinct sources of risk. Types of risk in construction.

Risk 165

Risk Management Construction Legal 165

Levelset

APRIL 1, 2022

Materials, insurances, permits, payroll, and other typical costs are relatively simple to account for. Luckily, there are insurance policies that will replace the cost of the stolen goods, such as builders risk insurance. Insurance claims. Construction theft isn’t new, but it can be manageable.

Site 52

Site Cash Flow Insurance Construction 52

Construction Business Owner

MARCH 1, 2012

MANAGEMENT |. ACCOUNTING |. INSURANCE |. General Management. Accounting & Finance. People Management. Equipment Management. According to my friend Eric Carter, President of Approach Technology , simplistic passwords are the biggest security risks. Your risk will decrease significantly.

Construction 120

Construction Cash Flow Security Software 120

Construction Business Owner

FEBRUARY 2, 2012

MANAGEMENT |. ACCOUNTING |. INSURANCE |. General Management. Accounting & Finance. People Management. Equipment Management. Moneyball is a film based on the true story of Oakland A’s general manager Billy Beane’s successful attempt to put together a baseball team on a tight budget.

Construction 120

Construction Software Software Accounting 120

Autodesk Construction Cloud

OCTOBER 5, 2022

“The heart of every construction project is collaboration,” said Jim Lynch, Senior Vice President & General Manager, Autodesk Construction Solutions in last week’s Construction Session at Autodesk University. . ERP Integrations – Cost Management and Performance Tracking . Construction ERPs . Performance Tracking .

Autodesk 98

Autodesk Construction BIM Documentation 98

Construction Business Owner

APRIL 12, 2012

MANAGEMENT |. ACCOUNTING |. INSURANCE |. General Management. Accounting & Finance. People Management. Equipment Management. « The Business of Construction Risk Management. Good document management software will be able to keep those certifications on file. STRATEGY |.

Construction 120

Construction Certification Green Software 120

Construction Business Owner

FEBRUARY 23, 2012

MANAGEMENT |. ACCOUNTING |. INSURANCE |. General Management. Accounting & Finance. People Management. Equipment Management. Anyone working in accounting or human resources has access to immense amounts of personal data. Better Project Management through Better Communication. Management.

Security 120

Security Construction Software Software 120

Construction Business Owner

FEBRUARY 9, 2012

MANAGEMENT |. ACCOUNTING |. INSURANCE |. General Management. Accounting & Finance. People Management. Equipment Management. Current software providers can jump on the bandwagon, or risk losing out to new developers, or perhaps even these specialty apps created by contractors. Tags accounting.

Software 120

Software Software Construction Accounting 120

FDR Safety

MARCH 21, 2013

Since DOT replaced its old motor carrier safety fitness high risk identification system—SAFESTAT—with the new Compliance, Safety, Accountability (CSA) measurement project, more and more motor carriers are paying attention to its effects. Modernizing management methods. As we know, that did not happen.

DOT 120

DOT Safety Management Risk 120

Construction Business Owner

OCTOBER 10, 2011

MANAGEMENT |. ACCOUNTING |. INSURANCE |. General Management. Accounting & Finance. People Management. Equipment Management. We had a spreadsheet to calculate our current earned value on jobs that a project manager intern put together for us. Tags accounting. accounting software.

Construction 120

Construction Software Software Accounting 120