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Contractor Management and Prequalification: Why Are They Necessary?

Safety Services Company

For contractors, these come in the form of a process known as prequalification and contractor management. What is Contractor Management? Contractor management is a series of checks ensuring that the contractors follow up-to-date safety practices and conform to health and regulatory standards.

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Understanding Design Defect Legal Liability

Construction Business Owner

Owners, contractors and designers must understand their potential liability for design issues on a project before the project starts. This affects the management of the project, insurance, bonds and, ultimately, profit on a project.'

Liability 207
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9 Types of Insurance You Need to Protect Your Contractor Business

Construction Marketing

As a contractor, you likely know that your business is always at risk. Here’s an overview of the most important types of insurance for contractors. Here’s an overview of the most important types of insurance for contractors. General Liability Insurance. Professional Liability Insurance.

Insurance 156
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Construction quality management: Everything you need to know

Lets Build

From a builder’s perspective, many potential risk factors can be anticipated and pre-emptively resolved by developing a construction quality management plan. What is construction quality management? Construction quality management is broadly similar to project management. Changes to the scale or scope of client demands.

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Navigating Construction Cash Flow Challenges, Myths, And Facts

Contractor Bookkeeping

The driving force keeps your business engine running smoothly, covering all your liabilities. Managing cash flow is a vital part of running a successful construction business. Some contractors think managing cash flow means tracking how much money enters and leaves their business, but more goes into it.

Cash Flow 102
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Rising Construction Costs Lead to Higher Risks

Construction Business Owner

The consequence of this upward trend in construction costs is a significant challenge for general contractors and real estate developers. Joe Tejeda, a dedicated construction broker with over a decade of experience, has become a trusted risk advisor for general contractors and real estate developers.

Risk 354
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IRMI Workshop Highlights Latest Contractors Professional Liability Exposures & Insurance Options

Construction Business Owner

BORDENTOWN, NJ (December 12, 2012) – Hundreds of insurance professionals attending the highly successful forum on “Contractors Professional Liability Insurance - A Visit with Underwriters” at the 32nd IRMI Construction Risk Conference in Orlando, Florida were recently rewarded with the expert insights of leading risk management executives discussing (..)

Liability 120