Remove Accounting Remove Insurance Remove Management Remove Reference
article thumbnail

#91:  Liability Insurance for a Subcontractor's Defective Work

NH Construction Law

“May unintentionally faulty subcontractor work that damages an insured’s work product constitute an ‘accident’ under a commercial general liability insurance policy?” Mechanical Contractors, Inc. 2020 WL 3527909 (June 29, 2020). 2d 871, 880 (Fla. ”); Lamar Homes, Inc. Mid-Continent Casualty Co. ,

article thumbnail

The Science of Heavy Equipment Management – Part 1: Rate Splits

Viewpoint Construction Technology

Burrows Professor Emeritus of Construction Engineering at Virginia Tech and is author of Construction Equipment Economics , a handbook on the management of construction equipment fleets. His ideas and methods regarding the management of heavy equipment are, in my opinion, the gospel for the industry. Operating Rates.

Equipment 193
professionals

Sign Up for our Newsletter

This site is protected by reCAPTCHA and the Google Privacy Policy and Terms of Service apply.

Trending Sources

article thumbnail

The Science of Heavy Equipment Management – Part 1: Rate Splits

Viewpoint Construction Technology

Burrows Professor Emeritus of Construction Engineering at Virginia Tech and is author of Construction Equipment Economics , a handbook on the management of construction equipment fleets. His ideas and methods regarding the management of heavy equipment are, in my opinion, the gospel for the industry. Operating Rates.

Equipment 130
article thumbnail

Essential BIM Terminology

Viewpoint Construction Technology

The asset information model is a maintained information model used to manage, control, and operate a respective asset. AIM is required to support an organization’s asset management system. The project information model refers to the design and construction stage. It focuses on professional indemnity insurance issues.

BIM 149
article thumbnail

What’s New with Autodesk Construction Cloud? 35+ Releases You Should Know  

Autodesk Construction Cloud

With tight project milestones and schedules to meet and robust crews to manage, your time is limited. . Account level: removes it from all projects, project members, and account members automatically. . Admin Console | Export Account Members . Reports | Additional Project Filters for Account Level Reports .

Autodesk 105
article thumbnail

8 essential steps for effective project cost estimation and budgeting

Fieldwire

Estimating project costs correctly and managing the budget accordingly are just as vital. Calculate labor costs Labor costs include worker wages, taxes, insurance premiums, retirement contributions, vacation and sick leaves, and union dues. Technologize budget management Responsibly spending funds is a different skill.

article thumbnail

A glossary of terms with reference to Construction Cost Estimating

Construction Cost Estimating

C Chart of accounts (Code of accounts) (COA) - a created list of the accounts used by a business entity to define each class of items for which money or the equivalent is spent or received. The estimated costs of the known-unknowns is referred to by cost estimators as cost contingency. May also be called pricing.