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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. Project loss insurance coverage.

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The Startup Construction Business Checklist: 3 Important Documents You Need to Have

Construction Marketing

This article outlines three important documents that you’ll need in order to start and run a profitable business. Insurance is perhaps the most important thing to arrange before starting a construction company. There are many different types of insurance in the United Kingdom. Legal Documents. Business Plan.

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Construction Business Owner Blogs

Construction Business Owner

INSURANCE |. Data Security in the Cloud » Collaborating on Cash flow. The topic of cash flow never seems to get old – after all, sustained negative cash flow often results in slashing budgets, personnel, and in the worst cases shutting down of a company. STRATEGY |. MANAGEMENT |. ACCOUNTING |.

Cash Flow 120
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Construction Business Owner Blogs

Construction Business Owner

INSURANCE |. Job Cost & Cash Flow. So it makes sense that any software you consider should offer comprehensive job cost and cash flow solutions. Integrated Document Management. You should be able to search the text of the documents, not just the file names. document management. STRATEGY |.

Cash Flow 120
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Construction Business Owner Blogs

Construction Business Owner

INSURANCE |. While there are numerous reasons to change software applications, there are two that regularly come up in our discussions with prospective clients: cash flow control and project cost control. Back to Cash Flow. document management. STRATEGY |. MANAGEMENT |. ACCOUNTING |. SOFTWARE |. MARKETING |.

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Obtaining the Proper Bonding for Government Jobs

Construction Business Owner

INSURANCE |. In a way, a surety bond is like insurance; it is a three-part agreement between the contractor, the organization requiring the bond (e.g. Other common reports bonding agents will look at include income statements, balance sheets, statements of cash flow, and job specific invoice aging reports. STRATEGY |.

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Subtle (and Not So Subtle) Effects of COVID-19 on the Construction Industry

Constructlaw

One additional outcome of this, that everyone needs to understand from the very beginning of a project, is the need to document everything — absolutely everything. It is easier to be successful in your claim if it is well-documented. This was true before COVID-19, but now is even more critical.