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Business Interruption Insurance in Construction: What Contractors Need to Know

Levelset

As a contractor, you may have realized that taking care of every detail will not be enough as there are always going to be risks associated with your work. Whether it’s the risk of an unexpected accident or a project running over schedule and costing you money, there are many things that can go wrong.

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Does GC Insurance Cover Subcontractors?

Levelset

Between miscommunication, the wrong specifications, carelessness, or events out of anyone’s control, things can go wrong, and the damages can be expensive. General contractors know these risks when they take the role. Luckily, that’s what insurance is for, right? Who is covered by an insurance policy?

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How to Successfully Plan the Risks Going Into a Construction Project

Fieldwire

Every construction project is uniquely different, and the distinctive characteristics of the industry - such as high-cost intensity and lengthy durations - also add an additional layer of complexity to the risk landscape. The Importance of Project Risk Planning. Workflow of Risk Planning. treating the risks.

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Construction Risk Management | Contractor Risk Management | Construction Risk Register | What Is Construction Management at Risk

CivilJungle

Information of Construction Risk Management. Construction risk management is a long steep process, in which we have to calculate the all-possible risk and determine the process by which we can reduce this type of risk. Where we identify, analyze the risks and work over them. What Is Construction Risk Management ?

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Top 5 Mistakes Contractors Make during the Prequalification Process and How to Fix Them

Safety Services Company

Prequalification can ensure contractors are capable, insured, and able to meet all the complex safety and performance requirements. Contractors are required to provide documentation such as: Financial statements Insurance certificates Safety plans Licensing information Training logs And more! Studies show that 3.6% on training.

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8 essential steps for effective project cost estimation and budgeting

Fieldwire

CONSTRUCTION SCHEDULING SOFTWARE Easy construction project scheduling with Fieldwire Learn more → 2. Calculate labor costs Labor costs include worker wages, taxes, insurance premiums, retirement contributions, vacation and sick leaves, and union dues. Biting off more than you can chew can put you in a bad light.

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Viewpoint: The Case for Neutral, Third-Party Schedulers | ENR.

ENR Construction

Survey Schedule. Viewpoint: The Case for Neutral, Third-Party Schedulers. I was recently asked to participate in a debate on scheduling specifications at Stanford University. A representative from the contractor sponsoring the conference would take the position that most scheduling specifications were onerous or unnecessary.