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Key Financial & Safety Metrics for Subcontractor Qualification 

Autodesk Construction Cloud

Extracting key ratios from financial statements and safety metrics from OSHA filings allows builders to gauge a subcontractor’s short-term and long-term health — and empower estimators with the data they need to make more informed bidding decisions. . Accounts Receivable Turnover . Formula: Revenue / Accounts Receivable .

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Top 8 Construction Health and Safety Hazards — and Ways to Protect Your Jobsite

Levelset

By the same token, many potential situations pose risk to the health and safety of your employees and others working on the jobsite. Here’s an overview of eight of the top safety and health hazards in construction — and some preventive measures you can take to avoid these risks. . of all deaths in the construction industry. .

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Factors to Know About Crane and Rigging Insurance

Construction Marketing

Fortunately, crane and rigging insurance provide protection and compensation. Crane and rigging insurance is a safety net that protects contractors who use heavy machines , such as cranes, bulldozers, and excavators, for lifting and installations. Physical damage – This policy compensates for the value of a physically damaged crane.

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How to Effectively Maintain Your Third-Party Auditor Account

Safety Services Company

Health, Safety, & Environmental Program: Safety Manual, Safety Management System, HSE Manual, etc. Insurance Documents: General Liability, Automobile Liability, Limits, Workers’ Compensation, Experience Modification Rates, etc. So, how can a company most effectively maintain these accounts? 1. Monitor.

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What is Experience Modification Rate (EMR), and How Does it Impact Prequalification?

Safety Services Company

Lowering your EMR is important, as you can greatly reduce the amount you pay for workers’ compensation coverage. Your company has filed one or more workers’ compensation claims. The class rate, for example, is higher for ironworkers, as this is a riskier job class than the class rate for a category, such as “accountant.”.

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Electrical Workers Taking Deadly Safety Risks

Safety Services Company

A recently released report from the Electrical Safety Authority (ESA) states that electricity-related deaths in Ontario declined 38 per cent the past five years. Powerline contact accounted for almost half of all electrical-related fatalities in the past ten years. Safety incidents tend to be associated with unsafe work practices.

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YOUR PERSONAL LIABILITY FOR WORKPLACE SAFETY

Safety Services Company

Such a workplace is achieved through ongoing process and safety training, comprehensive workplace safety programs, effective hazard control installations and initiatives, and the overall fostering of a positive safety culture. The OSH Act covers penalties which can occur a result of safety compliance violations.