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Subcontractor Default Insurance: Pros & Cons for General Contractors

Levelset

Some GCs pass the cost of the loss reserve onto the project owner and claim that amount as additional profit on the project. Let’s take a look at an example of how SDI might provide coverage on a project: ABC Builders is the general contractor building a large office complex and they have an SDI policy covering all their projects.

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Seven Construction Associations You Should Consider Joining

Fieldwire

Associated Builders & Contractors (ABC) : A trade association based on the merit shop philosophy, ABC helps members develop people, win work and deliver work safely, ethically and profitably. It includes government and private sector owners, construction consultants, technology suppliers, academia, and legal organizations.

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The Small Business Guide to Construction Management Software

Autodesk Construction Cloud

Their teams and budgets are leaner, so every investment must be carefully considered—particularly when it comes to tools like construction management software. . Digital solutions have become “must” haves (vs “should” haves) for construction management over the last few years. What to Look for In Construction Management Software.

Software 105
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Business Success: Easy as 1, 2, 3?

Pro Builder

A home builder in that situation may stick around and even be somewhat profitable, but they’ll do a lot of damage in the process and leave a lot of money on the table. Leadership and Management: Not One and the Same. Hint: bring a legal pad and two good pens.) . Business Management. Business Management Best Practices.

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#97:  DOL's New Independent Contractor Regulation

NH Construction Law

In an effort to avoid the costs and risks associated with the employment relation, contractors and construction managers often prefer to hire workers as “independent contractors” rather than employees. And occasionally, they misclassify workers as independent contractors when legally they are not – with nasty consequences.