Levelset

AUGUST 26, 2022

When working in construction, your insurance policy gets issued as a fairly standard contract. Like a basic construction agreement, you can upgrade or downgrade your insurance policy just as a customer might do with the fit and finish of a building. What is an insurance endorsement? How insurance endorsements work.

Insurance 52

Insurance Liability Equipment Agreement 52

Construction Junkie

JULY 27, 2020

For years, I’ve been saying that using a cloud-based project management software should be a no-brainer for any construction company. Well, now at least one insurance company believes that, as well. will begin offering their customers a 20% discount of their first year of Procore , the popular construction management software.

ProCore 83

ProCore Travel Insurance North Carolina 83

Levelset

APRIL 28, 2022

In recent years, inflation, supply chain issues, and labor shortages have only increased the likelihood of project delays, performance issues, and contractor default. While general contractors commonly use performance bonds to reduce the risk of default, a bond ultimately protects the property owner, not the GC.

Insurance 52

Insurance Contractors Claims ABC 52

Construction Junkie

MARCH 16, 2021

Last summer, we learned that Travelers Insurance believed that using Procore as a project management tool helped contractors reduce risk on their projects so much that they were willing to help pay for them to join the platform. New Hampshire 24. New Jersey 25. New Mexico 26. Arkansas 4. Colorado 5. Connecticut 6.

ProCore 62

ProCore Travel Insurance Rhode Island 62

Levelset

APRIL 8, 2022

On projects like this, property owners typically count on an insurance claim to pay for the work – they may not have cash on hand to pay you out of pocket. Understanding a homeowner’s insurance policy – and what it covers – can be helpful when deciding to take on a project. Understanding homeowner insurance policies.

Insurance 52

Insurance Claims Agreement Lien 52

Levelset

APRIL 8, 2022

On projects like this, property owners typically count on an insurance claim to pay for the work – they may not have cash on hand to pay you out of pocket. Understanding a homeowner’s insurance policy – and what it covers – can be helpful when deciding to take on a project. Understanding homeowner insurance policies.

Insurance 52

Insurance Claims Agreement Lien 52

Safety Services Company

FEBRUARY 13, 2024

2023 was a year of resilience, pressure, and economic uncertainty for our industry. may be wondering how to make 2024 the best year yet for health, safety, and compliance. As we get deeper into Q1 of the new year, work is gaining momentum and, with it, new challenges and questions.

FAQ 74

FAQ Contractors Management OSHA 74

Construction Specifier

FEBRUARY 9, 2024

Photo courtesy iStock By Kimberly Kilroy, PE, RRC, CDT and Peter Spanos, PE, CFM, LEED AP As sea level continues to rise and weather patterns become more severe and less predictable, flood mitigation is becoming a critical part of new construction design and existing building renovations and maintenance. Zone A has a high risk of flooding.

Risk 62

Risk Zoning Insurance Renovating 62

Autodesk Construction Cloud

SEPTEMBER 13, 2022

Contractors are focused on executing efficiently and safety, while winning new business and staying profitable. . So how can companies optimize for their bottom line without putting their businesses at risk? . Risk management is a multifaceted challenge. Toric: Delivering Data-driven Insights to Improve Decision-making .

Autodesk 105

Autodesk Risk Industrial Construction 105

Construction Law

APRIL 2, 2024

Editor’s comment Government go-slow on infrastructure investment shows no signs of abating Editor Nick Barrett asks with a general election looming, if there is any prospect of a reversal in years of underinvestment in the UK’s infrastructure. Guest editor Retentions – time to say goodbye?

Construction 52

Construction Liability Risk Contract 52

Construction Law

MARCH 1, 2024

News Our regular news round up includes a call from insurance companies for pilot projects to find investment models for green infrastructure; failure of another legal challenge to the Stonehenge project; and a warning that the new Building Safety Regulator is looking for a high profile prosecution to make a point.

Insurance 40

Insurance Claims Safety Legal 40

Pro Builder

NOVEMBER 30, 2022

NAHB Chairman's Message: Proposal to Create Climate Risk Committee. NAHB will continue to be the housing industry’s voice regarding climate issues, with NAHB's Leadership Council recommending the creation of a new Climate Risk Committee. Does Access to Flood-Risk Data Impact Homebuyer Decisions? Wed, 11/30/2022 - 16:18.

NAHB 98

NAHB Risk Regulation Sustainability 98

Construction Law

FEBRUARY 2, 2024

News Our regular news round up features cost plus contracts being blamed for HS2 cost overruns; details of a new Transformation Delivery Partner contract from National Highways; and a Civil Nuclear Roadmap that backs a revived nuclear building programme.

Construction 52

Construction Insurance Procurement Drafting 52

Construction Law

DECEMBER 5, 2023

Editor’s comment Evolution can disrupt more than revolution The new Procurement Act comes into force next year. Editor Nick Barrett says much detail on how the new regime will work is still awaited, and should be carefully scrutinised when published. There are pitfalls for the unwary, he warns – and for the insurers as well.

Construction 52

Construction Insurance Claims Procurement 52

Construction Law Monitor

SEPTEMBER 17, 2012

According to a recent Press Release from Marsh , a leader in insurance broking and risk management, construction firms across the U.S. will be facing new challenges in the upcoming year. Insurance rates have been declining for close to a decade, but rates are forecasted to increase between 8 and 10 percent.

Insurance 63

Insurance Construction Forecasting Claims 63

Fieldwire

JANUARY 25, 2022

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.

Risk 59

Risk Plans Insurance Construction 59

Safety Services Company

OCTOBER 16, 2023

Those who do not comply pose a high risk of impacting the hiring client’s project. Many contractor-compliance companies, like Safety Services Company, offer safety training courses and assistance so you can meet the requirements of the new project.

Management 110

Management Contractors Safety OSHA 110

Wolgast Corporation

JULY 6, 2022

Members include architects, risk managers, parking specialists, lawyers, and perimeter safety professionals. They have collected data from years 2014-2021 and have determined that there is an average of 60 vehicle/building impacts daily, 500 deaths annually, and 4,000 injuries each year.

Insurance 118

Insurance Claims Safety Michigan 118

Pro Builder

FEBRUARY 18, 2022

Climate emergencies are becoming a major priority for homeowners in high-risk areas, especially after one of the most destructive years for severe weather on record in 2021. Flood insurance, which is typically not included in traditional homeowners insurance, could help protect the assets of residents affected by hurricanes.

Insurance 52

Insurance United States Risk Environment 52

Autodesk Construction Cloud

JULY 13, 2023

Recognize that risks are part of the territory Reducing risk starts by recognizing it. Identify your risk areas and strive to limit them through disciplined decision-making, technology, and streamlined project execution. We typically become more accepting of risk. Risk mitigation is very important.

Profitability 98

Profitability Risk Construction Autodesk 98

Pro Builder

OCTOBER 7, 2022

Americans are increasingly taking climate risks into consideration when relocating to a new housing market, especially in the wake of extreme weather events like Hurricane Ian. Homebuyers should always purchase flood insurance and invest in impact windows if they can.”. Fri, 10/07/2022 - 10:38.

Housing 52

Housing Zoning Tampa Risk 52

Pro Builder

AUGUST 4, 2022

Economists are watching sales and prices for what the new limits may be. House prices have increased again over the past year, and economists are calculating how much the Fannie & Freddie conforming loan limits (CLL) might increase in 2023 and also how much the Federal Housing Administration (FHA) insured loan limits will go up.

Finance 52

Finance Housing Insurance Risk 52

Construction Law

OCTOBER 3, 2023

Lessons must obviously be learned for future procurements; but none of them are new. Adjudication Appeal court backs adjudicator’s decision Stephanie Geesink and Dom Turner-Harriss of Watson Farley & Williams take a detailed look at a successful appeal against a Technology and Construction Court decision reported on earlier this year.

Procurement 52

Procurement Construction Insurance Legal 52

Green Building Law Update

SEPTEMBER 4, 2016

The Federal Emergency Management Agency (FEMA) is proposing to rewrite the longstanding 100 year floodplain standard for federally funded projects such that most building would now have to be 2 feet freeboard. It is a common misunderstanding that a 100 year flood is likely to occur only once in 100 years.

Regulation 195

Regulation Zoning Insurance Maryland 195

DebunkTheBIM

DECEMBER 6, 2011

“Insurance is all about risk management” Says Walid Shidani in his interview given to Rupert Wright, this week. But, back to insurance. “Insurance is all about actuarial forecasting.” “Insurance is all about actuarial forecasting.” The end of the year brings The Hope!

Insurance 48

Insurance Risk Management BIM 48

Levelset

NOVEMBER 10, 2022

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. In that same year, 1,061 construction-related fatalities were recorded. . New, ergonomic tools and equipment have benefits that are two-fold.

Safety 52

Safety Site Injury Construction 52

Construction Marketing

AUGUST 3, 2016

Tulane University’s Alumni House was built nearly 75 years ago. Unfortunately, it had to be shuttered nearly 10 years ago after being damaged by flood waters resulting from Hurricane Katrina. According to the National Flood Insurance Program , flood damage is significantly more common than fire damage, particularly in high-risk areas.

Foundation 120

Foundation Insurance Housing Louisiana 120

Construction Marketing

JUNE 13, 2016

Tulane University’s Alumni House was built nearly 75 years ago. Unfortunately, it had to be shuttered nearly 10 years ago after being damaged by flood waters resulting from Hurricane Katrina. According to the National Flood Insurance Program, flood damage is significantly more common than fire damage, particularly in high-risk areas.

Foundation 120

Foundation Insurance Housing Louisiana 120

Autodesk Construction Cloud

JULY 13, 2023

Recognize that risks are part of the territory Reducing risk starts by recognizing it. Identify your risk areas and strive to limit them through disciplined decision-making, technology, and streamlined project execution. We typically become more accepting of risk. Risk mitigation is very important.

Profitability 52

Profitability Risk Construction Autodesk 52

Pro Builder

SEPTEMBER 7, 2021

Looking at Affordability Through a New Lens. Bill McBride, author of the finance and economics blog Calculated Risk, says future return is an important piece of data to factor into affordability. Calculated Risk Affordability Index. cbroderick. Tue, 09/07/2021 - 10:08.

Income 52

Income New Jersey Housing United States 52

Green Building Law Update

DECEMBER 1, 2011

Over the past year, I've been lucky enough to get to know Jeremy Sigmon at the US Green Building Council. It has been a busy year for him with the introduction of the International Green Construction Code (IGCC). Jeremy works to educate the public and government officials about building codes. I hope to hear from you on the webinar.

Green 159

Green Liability Legal Risk 159

Pro Builder

MARCH 13, 2023

If a new home was free, then everyone could afford one. However, as the price of a new home has increased, so has the monthly payment. fixed-rate, 30-year mortgages. At the time of this writing, 30-year, fixed-rate mortgages are hovering around 6.5%. On the horizontal axis is the U.S. I have friends who have 2.8%

Housing 98

Housing Insurance Materials Viewpoint 98

Constructonomics

SEPTEMBER 9, 2016

Across the world, new laws are being passed that require both residential and commercial builders to work to higher standards. In order to keep pace with the changing needs of our customers we have to learn new skills, as well as develop innovative building techniques, and materials. Take for example the issue of flooding.

Industrial 100

Industrial Construction Insurance Commercial 100

Safety Services Company

DECEMBER 1, 2020

Experience Modification Rate or EMR is the number used by insurance companies to measure the cost of injuries in the past and the predication of future accidents or risk of a company. The lower the EMR of a business, the lower their worker compensation insurance premiums will be. The increase stays with that company for 3 years.

OSHA 62

OSHA Accidents Injury Compensation 62

Levelset

APRIL 1, 2022

Materials, insurances, permits, payroll, and other typical costs are relatively simple to account for. Theft from construction sites is a serious issue, and it costs contractors a lot of money each year. Luckily, there are insurance policies that will replace the cost of the stolen goods, such as builders risk insurance.

Site 52

Site Cash Flow Insurance Construction 52

Wolgast Corporation

JANUARY 12, 2023

Over the years, we have diversified from our original General Contracting service that started the company 75 years ago to better serve more industries in our market and also a variety of sizes and complexity of buildings. These projects can also take a year or more to complete, especially when building a new school.

Commercial 91

Commercial Construction Retail Michigan 91

Pro Builder

DECEMBER 9, 2021

Low-Cost Fire Protection For New Home Building/Remodeling. Each year 25,000 electrical fires occur in the U.S. Arc fault circuit interrupters (AFCI) are a low-cost solution that have been a National Electrical Code (NEC) requirement for more than 20 years. Thu, 12/09/2021 - 14:28. Fire Administration (USFA). .

Remodeling 105

Remodeling Electrical Injury Safety 105