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Construction Risk Management: How to Reduce Top Construction Risks

Autodesk Construction Cloud

How to Manage Risk in Your Construction Project. According to The Construction Industry Institute , there are about 107 construction risks you should consider when managing a project. Regardless, a solid risk management strategy is critical to the security of your company and project.

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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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FAQs About Contractor Management Platforms

Safety Services Company

Let’s get some clarity on some of this year’s FAQs about Contractor Management platforms and how you can conquer each quarter! Without completing it, you risk losing qualifications or compliance until it’s finished. To receive it, talk to your workers comp insurance carrier. Additional training courses may also be needed.

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Construction Risk Management: What to do when your project goes wrong

Lets Build

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.

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What is Project Loss Insurance?

Levelset

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. It also helps contractors manage cash flow during a loss. Project loss insurance coverage.

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Communication Is Key: Actions to Get the Most from a Commercial Restoration Loss

Wolgast Corporation

To get the most from an insurance claim involving property restoration, it is best practice to openly communicate and collaborate with both your agent and restoration company. Know Your Policy Additionally, there is no way around it, you need to know what is included in your insurance plan prior to disaster.

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Travelers Insurance Wants to Pay You to Use Procore

Construction Junkie

For years, I’ve been saying that using a cloud-based project management 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.

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