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Key Financial & Safety Metrics for Subcontractor Qualification 

Autodesk Construction Cloud

For another, work delays from 2021 are likely to impact the risk of subcontractor default in 2022 and beyond. . Formula: (Cash and Cash Equivalents + Marketable Securities + Accounts Receivables) / Current Liabilities . Accounts Receivable Turnover . Formula: Revenue / Accounts Receivable . Current Ratio .

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7 Ways to Improve Construction Site Safety

Levelset

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. Make safety a priority.

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Top OSHA Violations in Construction (2021)

Levelset

The Occupational Health and Safety Administration (OSHA) is the federal agency responsible for maintaining workplace safety across all industries. In this article, we’ll look at the top 10 violations found during OSHA inspections in 2021, the cost of OSHA violations, and how to prevent them. Peter Lindborg. View profile.

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OSHA Announces 2021 Citation Penalty Increase

Construction Junkie

Effective January 15, 2021, OSHA has officially increased maximum allowable penalties by 1.182%, a decrease from 2020’s increase of 1.78%. The Department will ensure that firms with safety and health violations are held accountable and pay their debts to the United States Government.".

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Subbie failures plunge Seddon to £15m loss

Construction Enquirer

The construction arm of the Seddon Group, which only returned to profit of £2m last year after a prior year loss, was also hit by market inflation, project delays and fire safety remediation costs. Seddon added that the firm still had a strong balance sheet with net assets of £22m (2021: £34m) and a year-end cash balance of £5m (2021: £8m).

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Protecting Your Investment from Vehicle-into-Building Crashes

Wolgast Corporation

The Storefront Safety Council is a group of volunteers that are “passionate about ending vehicle-into-building crashes.” Members include architects, risk managers, parking specialists, lawyers, and perimeter safety professionals. They have a variety of experts to help them address the causes and prevention of cars hitting buildings.

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3 Things to Consider Before Purchasing and Developing Raw Land

Construction Marketing

Between January and October of 2021, 79,289 vacant lots were sold in the 100 largest U.S. However, it’s important to keep in mind that delays can be time consuming, especially when taking into account the number of professionals that are likely to be involved (such as an architect for home building, land clearing professionals, etc.).

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