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Should Contractor-Financed Projects Be Competitively Bid?

Construction Dive

By Bruce Jervis Pressing needs for infrastructure and other public facilities, combined with limited funding sources, are changing the way public projects are financed. Increasingly, the constructor is also the financier, compensated through lease payments, tolls, or other user fees. The procurement was exempt from competitive bidding.

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Key Financial & Safety Metrics for Subcontractor Qualification 

Autodesk Construction Cloud

It can be used to determine the proportion of a company’s assets that are financed by debt. A low ratio indicates that the company is financing a substantial portion of its current assets to create a relatively small working capital position. . FINANCIAL RATIOS: DEBT . Debt Ratio . Formula: Total Liabilities / Total Assets .

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What Is a Certificate of Insurance (COI) for Contractors — and When Do You Need One?

Levelset

A COI may include a waiver of subrogation endorsement that basically asks your insurance company to pay an insurance claim, while giving up the ability to recover (or subrogate) damages from the party that actually caused the problem. When do I need to provide a COI? You may secure funding for equipment through a bank or other lender.

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Housing’s Great Rethink: Workforce Development Takes Center Stage

Pro Builder

These exits weren’t just about compensation, either. As to where they went after quitting, the latest BLS and Census data points to more job swapping within the same industries, generally a one-to-one correlation, especially in high-paying industries such as technology, finance, and media. Louis (FRBSL).

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Challenging Times = Emerging Sales Opportunities

Pro Builder

Some buyer’s agents use such persuasive statements to entice new-home shoppers to employ their services, claiming buyers need them as “protection” from a builder’s sales tactics and to help the buyer obtain better financing and options/upgrades pricing than what the builder offers.

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#92:  Lost Profits and Waivers of Consequential Damages

NH Construction Law

The Contractor and Owner waive Claims against each other for consequential damages arising out of or relating to this Contract. Typical is the AIA’s A201 General Conditions (2017) § 15.1.7:

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What You Need to Know To Get a Surety Bond as a New Contractor

Constructonomics

Unfortunately, new contractors are often unfamiliar with the bonding process, which includes undergoing finance and credit checks, providing upfront collateral, and paying issuance fees. Failure to abide by the restrictions mandated by each of these bonds allows a harmed or unpaid party to make a claim on the bond.