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9 Types of Insurance You Need to Protect Your Contractor Business

Construction Marketing

Between the potential for accidents and injuries on the job site and the risk of lawsuits, it’s important to have insurance to protect yourself from financial losses, but what kind of insurance do you need? Here’s an overview of the most important types of insurance for contractors. General Liability Insurance.

Insurance 156
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Sharing Your Budget Streamlines the Pre-Construction Phase

Wolgast Corporation

Here is one secret of the trade to save significant time during pre-construction, by giving your contractor a ballpark budget before design and/or estimating starts, an owner can take a shortcut in the preliminary phase and get to construction sooner. We can come to the owner with ideas without delays.

Budgeting 126
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8 essential steps for effective project cost estimation and budgeting

Fieldwire

Estimating project costs correctly and managing the budget accordingly are just as vital. All subcontractors make project cost estimation and budgeting errors. Follow these eight essential steps to estimate project costs and budget funds effectively to prevent grave miscalculations. Quality must take priority over price.

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How to Manage Compliance for Construction Success

Viewpoint Construction Technology

These days, many contractors are faced with managing larger, more complex projects on a regular basis. Contractors have to pay attention to budgets, deadlines, collaborators, change orders, progress reports, payroll, safety, compliance requirements and much more. Insurance and bonding requirements. Building codes.

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Finding the Equipment Management Sweet Spot

Viewpoint Construction Technology

For a contractor with a capital and operating budget of $10 million or more for heavy equipment, even a 1 percent savings on equipment costs could add hundreds of thousands of dollars directly to the bottom line. So, how can contractors achieve optimal equipment management?

Equipment 174
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Managed Repair Excellence: What Sets Contractor Connection Apart

Contractor Connection

In the world of managed repair and home improvement, finding reliable contractors can be a daunting task. The Contractor Connection Network: A Brief Overview The Contractor Connection Network is a nationwide network of pre-qualified and vetted contractors specializing in various managed repair and home improvement services.

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Empowering Project Management Professionals Through Technology—Part 2 of 5

Viewpoint Construction Technology

Editor’s Note: This is Part 2 of a five-part series on Construction Project Management. Last week, we talked about the complexity of construction projects and the role of the project manager in managing the processes behind them. Hire bad people to manage and build the project? Championing Construction Collaboration.