Remove Cash Flow Remove Design Remove Documentation Remove Insurance
article thumbnail

What is Project Loss Insurance?

Levelset

When a loss occurs, it can put a real crunch on a contractor’s cash flow. Project loss insurance has the potential to save contractors from devastating project losses, no matter the cause. Project loss insurance, or PLI, is designed to mitigate catastrophic construction project losses.

article thumbnail

Relationship between the designer and the contractor

Construction Business Owner

INSURANCE |. » Relationship between the designer and the contractor. One part of our industry that I simply cannot get my head around is the oftentimes adversarial relationship that exists between the building design professionals and the building contractors on a particular job. STRATEGY |. MANAGEMENT |. ACCOUNTING |.

professionals

Sign Up for our Newsletter

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

article thumbnail

Top 2024 AI Construction Trends: According to the Experts

Autodesk Construction Cloud

These technologies can also streamline the design review process and help teams produce more accurate estimates, thus "reducing budgets and timeline deviations by an estimated 10-20% and engineering hours by 10-30%." Solving Complex Design and Scheduling Challenges James Niyonkuru Bicamumpaka Sr. billion by 2032.

article thumbnail

Construction Business Owner Blogs

Construction Business Owner

INSURANCE |. Project Document Management : Your Communication Strategy. Because some very specific documents are created and used throughout the life of a typical construction project, these documents can serve as the center of your communications strategy. Document availability. Document relevance.

article thumbnail

Construction Business Owner Blogs

Construction Business Owner

INSURANCE |. At Foundation Software, we try to avoid inmate takeovers by first assigning a lead analyst to oversee design for each project. We then provide a design methodology to follow. Design considerations are not relevant at this stage. Well-designed software provides a more powerful solution. STRATEGY |.

article thumbnail

Construction Business Owner Blogs

Construction Business Owner

INSURANCE |. Most of the construction operations software available today is designed for individual use and focused one specific function. Venture is designed for the entire project team and provides tools that help folks work together throughout the entire lifecycle of a project. Document Management. STRATEGY |.

article thumbnail

Construction Business Owner Blogs

Construction Business Owner

INSURANCE |. Sometimes, as you know, project documents can devote an entire plan sheet or spec section to a list of abbreviations and acronyms. IPD is all about teamwork – bringing the design team and the construction team together early in the project delivery process to resolve issues and streamline processes.