Job Order Contracting

DECEMBER 13, 2020

85%+of all projects are over budget (just 31% of all projects came within 10% of the budget in the past 3 years – KPMG) 52% of rework is caused by poor project data and miscommunication (2018 Industry Report – Construction Disconnected, FMI). 40-50% work is either rework or not “value-added work.”

Project Management 162

Project Management Capterra Organization Management 162

Levelset

SEPTEMBER 2, 2022

While E&O is not usually a legal requirement, many construction professionals take out an E&O policy to protect themselves against potentially devastating financial losses resulting from negligence. A construction contract creates a legal responsibility for the contractor to fulfill certain obligations to another party.

Insurance 52

Insurance Liability Claims Construction 52

Levelset

SEPTEMBER 7, 2022

When a contractor enters into a construction contract, they agree to fulfill a certain set of requirements for another party—often a general contractor. Because construction workers and tradespeople perform complicated and risky work, the possibility for making a mistake is high across the industry.

Liability 52

Liability Insurance Injury Contract 52