article thumbnail

Exploring Contractual Risk Transfer in Construction

Construction Business Owner

Exploring Contractual Risk Transfer in Construction ccapoccia Wed, 11/08/2023 - 10:12 Every commercial or residential building, no matter how unassuming its appearance, is the culmination of collective endeavors by designers and proficient tradespeople.

Risk 381
article thumbnail

9 Keys to Building a Reliable Commercial Construction Subcontractor Network

HardHatChat

As anyone in the commercial construction industry knows, reliable, responsive, and skilled subcontractors are the lifeblood of our business. We believe it enhances our project outcomes, mitigates risks, and supports the overall success of our national construction business. It’s essential to know the lay of the land.

professionals

Sign Up for our Newsletter

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

Trending Sources

article thumbnail

Protecting Against Environmental Risk in Changing Climates

Construction Business Owner

Protecting Against Environmental Risk in Changing Climates. Already expecting a downturn, the commercial construction industry was further impacted when COVID-19 either delayed or shuttered projects nationwide and a seemingly endless barrage of storms caused more than $95 billion in damages across the United States alone.

Risk 368
article thumbnail

Key Factors for Choosing a National Commercial Construction General Contractor

HardHatChat

Selecting the right national commercial construction general contractor is a critical decision that can significantly impact the success of your construction project. Over the past 20+ years, with 2500 completed commercial construction projects, we have learned that it takes more than a great price to win a bid. is essential.

article thumbnail

How to Prepare for Unexpected Risk Exposure

Construction Business Owner

How to Prepare for Unexpected Risk Exposure. Either by choice or required by contract or statute, commercial general liability (CGL), workers’ compensation, business auto and inland marine insurance (mobile equipment) are among the most common types of insurance purchased by contractors. Alex Headley. Mon, 09/20/2021 - 07:30.

Risk 357
article thumbnail

Phases of Commercial Real Estate Development

Construction Marketing

Commercial real estate development involves the process of acquiring, designing, constructing, and leasing or selling commercial properties such as office buildings, retail centers, and industrial parks. Read more on the proper steps to ensure your commercial investment runs smoothly.

article thumbnail

US regulators flag commercial real estate as a leading risk in 2024

Construction Dive

“Signs of stress emerged in 2023, and the market outlook is challenging” for commercial real estate, according to the Financial Stability Oversight Council.