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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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Construction Site Theft: Impact and Prevention

Levelset

Materials, insurances, permits, payroll, and other typical costs are relatively simple to account for. However, there is one very expensive cost that isn’t so cut and dry: construction site theft. Theft from construction sites is a serious issue, and it costs contractors a lot of money each year. Insurance claims.

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The most important construction KPIs to improve profits and productivity

Lets Build

It’s also a good idea to keep an eye on the project’s: Number of defects Time to fix defects Rework rate and cost Punch list completion rate More to read: Construction quality management 101: Everything you should know 2. Health and safety Prioritising on-site safety brings both short- and long-term benefits to the jobsite.

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The most important construction KPIs to improve profits and productivity

Lets Build

It’s also a good idea to keep an eye on the project’s: Number of defects Time to fix defects Rework rate and cost Punch list completion rate More to read: Construction quality management 101: Everything you should know 2. Health and safety Prioritising on-site safety brings both short- and long-term benefits to the jobsite.

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Construction Business Owner Blogs

Construction Business Owner

MANAGEMENT |. INSURANCE |. General Management. People Management. Equipment Management. Data Security in the Cloud » Collaborating on Cash flow. Bad or outdated information is probably one of the biggest reasons cash flow issues occur. Technology for Collaboration & Cash Flow.

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4 Ways Materials Financing Can Help You Recession-Proof Your Business

Levelset

Managing cash flow in the construction industry is difficult in any economy, but during a recession, specialty contractors face even more financial challenges than usual. At Levelset, we understand the construction industry and the importance of cash flow security for specialty contractors.

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Construction Business Owner Blogs

Construction Business Owner

MANAGEMENT |. INSURANCE |. General Management. People Management. Equipment Management. Whenever we talk to companies who are looking to purchase new construction management software, we always ask why they are looking to switch. Back to Cash Flow. STRATEGY |. ACCOUNTING |. SOFTWARE |.

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