Construction Business Owner

MAY 23, 2018

As a business owner, you should be at least marginally conversant in the arcane vocabulary of workers’ compensation (WC), such as keeping track of your experience modification factor (EMF) or “mod.”.

Compensation 168

Compensation Insurance Claims Industrial 168

Construction Business Owner

DECEMBER 18, 2015

Collectively bargained workers' compensation gives building trade unions and union contractors the ability to create their own workers' comp system, tailored to their specific needs. You may have also heard of collectively bargained workers' compensation referred to as "carve outs" in the traditional workers' compensation system.

Bargains 120

Bargains Compensation Union Hawaii 120

The Constructor

OCTOBER 9, 2022

A construction claim is the assertion of a right that requires either more time or/and payment by either party of the contract (often the contractor) for compensation of the losses brought on by the other party’s failure to uphold their portion of the responsibilities as defined in the contract.

Claims 299

Claims Compensation Construction Contract 299

BD+C

AUGUST 24, 2021

Despite a steep economic recession during the first half of 2020, compensation for architectural staff at U.S. architecture firms essentially held flat over the 2019–2021 period, according to the American Institute of Architects (AIA) biannual Compensation Report.

Compensation 118

Compensation Architecture AIA 118

Construction Business Owner

DECEMBER 17, 2024

Harnessing the Power of Supplemental Unemployment Benefit Plans ccapoccia Tue, 12/17/2024 - 14:42 S upplemental unemployment benefit plans (SUB plans) provide compensation to employees in addition to state unemployment insurance during layoff periods.

Plans 291

Plans Compensation Insurance Design 291

Construction Business Owner

SEPTEMBER 20, 2021

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. How to Prepare for Unexpected Risk Exposure. Alex Headley. Mon, 09/20/2021 - 07:30.

Risk 356

Risk Liability Insurance Compensation 356

Construction Business Owner

JUNE 26, 2013

For most businesses, workers’ compensation is the largest insurance expense line item. Unfortunately, construction owners face significant workers’ compensation-related challenges that other industries do not.

Compensation 246

Compensation Insurance Security Management 246

Contractor Bookkeeping

SEPTEMBER 16, 2022

On top of that, there may be a blended model at play, in which you offer two types of compensation at once, such as a wage and bonuses. There are a few different methods that employers use to pay their employees, and while they may have similarities, they each also have implications for your construction business and employees.

Compensation 118

Compensation IRS Construction Employment 118

Pro Builder

NOVEMBER 10, 2022

Using Contract Skilled Labor Can Reduce Workers’ Compensation Risk—Here’s How. Using a staffing company can help employers lower workers' compensation risk while still meeting project workload demands and customer deadlines. Thu, 11/10/2022 - 10:44. Jobsite Safety. Labor + Trade Relations. Jobsite Safety.

Compensation 98

Compensation Risk Contract Injury 98

Construction Law

DECEMBER 18, 2024

The UK government has agreed to compensate developers of an 8 billion gas-fired power station and carbon capture project if much of the scheme is blocked in court by an environmental campaigner, according to documents leaked to journalists.

Compensation 40

Compensation Legal Accounting News 40

Job Order Contracting

MARCH 1, 2022

Workmen’s compensations insurance. Note: Quality, locally researched unit price books will already include social security contributions, general insurances, workmen’s compensations insurance, state unemployment insurance, and federal unemployment insurance. projects valued over $35K; 9. Social security contributions.

Insurance 264

Insurance Compensation Overhead Security 264

Construction Business Owner

AUGUST 22, 2014

The Insurance Research Council indicates that roughly 35 percent of workers’ compensation claim dollars are paid to fraudulent claimants. Another study by the National Insurance Crime Bureau states that the total cost of workers’ comp fraud is $7.2 billion per year.

Insurance 227

Insurance Compensation Claims 227

Construction Business Owner

JULY 23, 2014

The Insurance Research Council indicates that roughly 35 percent of workers’ compensation claim dollars are paid to fraudulent claimants. Another study by the National Insurance Crime Bureau states that the total cost of workers’ comp fraud is $7.2 billion per year.

Insurance 227

Insurance Compensation Claims 227

Construction Business Owner

SEPTEMBER 12, 2017

The first step in evaluating workers’ compensation costs begins with a clear understanding of the Experience Modification Factor (EMF) and its direct impact on premium. Equally critical is a complete understanding of an organization’s key loss drivers and the effect individual claims have on the experience modifier.

Compensation 214

Compensation Claims 214

Construction Marketing

MARCH 2, 2023

Workers’ compensation This defense says you are not entitled to sue for damages because workers’ compensation insurance covers you. Workers’ compensation is a state-mandated insurance program that benefits workers injured on the job.

Injury 276

Injury Site Defense Compensation 276

Construction Business Owner

JULY 17, 2019

The Pennsylvania Construction Workplace Misclassification Act (CWMA) prohibits employers from improperly classifying their workers as independent contractors, not employees, to avoid their obligation to provide workers’ compensation benefits. In Dep’t of Labor & Indus.,Uninsured Uninsured Emp’rs Guar.

Pennsylvania 219

Pennsylvania Compensation Employment Construction 219

Pro Builder

NOVEMBER 17, 2020

Lower Workers' Compensation Costs by Having a Plan. Having comprehensive plans in place are the most impactful way to mitigate workers’ compensation costs, says the National Association of Home Builders. cbroderick. Tue, 11/17/2020 - 09:55. When that happens, there should be another plan in place.

Compensation 76

Compensation Plans Accidents Insurance 76

Job Order Contracting

JULY 26, 2024

As a result, users of national average price books generally attempt to compensate by attempting to add extra hours to the work to be performed. Unfortunately, alternative methods of compensating for a national average cost book include inflate quantities and/or to adding unnecessary activities.

Construction 245

Construction Compensation CSI Equipment 245

ENR Construction

JULY 13, 2022

Despite growing fear of a recession on the horizon, contractors continue to offer highly competitive compensation packages, approaching levels not seen in the industry in nearly two decades.

Compensation 69

Compensation Contractors Industrial 69

Viewpoint Construction Technology

SEPTEMBER 12, 2012

From estimating and project management practices to compensation and business management, contractors are finding a “new normal” in every aspect of their business. There’s no doubt that economic conditions change the way we all do business, and this has been especially true over the past several years.

Estimating 205

Estimating Compensation Bidding Construction 205

Best Practices Construction Law

SEPTEMBER 25, 2020

2) Are day-to-day miscellaneous items compensable even where a party fails to reserve their rights on these type of cumulative claims? When I read the court’s opinion, I started to think: (1) Is there now a “daily changes” exception to lien waivers and releases? (2)

Compensation 97

Compensation Lien Claims North Carolina 97

Construction Dive

FEBRUARY 28, 2020

Contractors should have a plan in place to help employees left behind after a jobsite accident, especially as some seek compensation for mental suffering, according to experts.

Compensation 160

Compensation Accidents Plans Contractors 160

Job Order Contracting

MARCH 2, 2025

Labor Cost Miscalculations: Failing to account for factors like overtime, labor productivity, and prevailing wage rates, significant variations if workers compensations, can result in inaccurate labor cost estimations.

Estimating 147

Estimating Construction Risk Site 147

Construction Marketing

JANUARY 13, 2022

Fortunately, crane and rigging insurance provide protection and compensation. Besides compensating for physical damage, your company will also be liable for costs associated with business interruption if the accident delays the other business operations. What is crane and rigging insurance?

Insurance 174

Insurance Liability Compensation Accidents 174

Construction Dive

OCTOBER 5, 2023

of their employee population next year — spending part of their compensation budgets on related raises. Companies also plan to promote 8.7%

Employment 140

Employment Compensation Budget Budgeting 140

Construction Business Owner

APRIL 30, 2024

Revitalize Your Back Office & Streamline AP Processes ccapoccia Tue, 04/30/2024 - 08:59 Contractors know all about risk — jobsite security, health and safety, workers’ compensation, bonding, subcontractor compliance and more. For many construction business owners, it seems like the list can go on forever. Unfortunately for some, it does.

Revit 156

Revit Office Compensation Risk 156

Construction Dive

APRIL 3, 2018

Construction firms also are spending big to recruit executives, especially those with experience in alternative project delivery methods.

Compensation 100

Compensation Construction 100

Construction Marketing

FEBRUARY 11, 2021

Insurance, liability, and workers’ compensation . Start with General Liability Insurance and the Workers’ Compensation Insurance. . You’ll also require the following: Vehicle that can handle transport of materials. Roofing equipment and materials. Labor costs. Utility bills. Internet connection. 14) Branding.

Insurance 296

Insurance Liability Legal Compensation 296

The Constructor

NOVEMBER 24, 2019

The errors formed in chaining can be either cumulative error and compensating error. The errors can be considered either as a negative value or.

Compensation 133

Compensation 133

Civiconcepts

MARCH 14, 2023

There are several regulations in place on … How to Receive Compensation After Construction Site Accident or Disease Read More » The building and construction industry is considered one of the most dangerous industries globally. The hazard and health risks are enormous for workers.

Compensation 52

Compensation Accidents Site Regulation 52

Construction Business Owner

AUGUST 3, 2015

The market abounds with free agents, leaving many contractors to question their own compensation models. It is easy to assume that the attrition a firm experiences is primarily due to salaries and employee compensation. However, the same forces that have allowed backlogs to grow have also created a new, employee-driven marketplace.

Compensation 120

Compensation Management Modeling Contractors 120

Construction Dive

MARCH 22, 2023

The failed Softbank-backed startup is alleging its former CFO is obligated to pay back his signing and relocation bonuses amid intensifying scrutiny of executive compensation.

Compensation 125

Compensation 125

Construction Marketing

OCTOBER 19, 2021

And in case of physical harm to your workers or damage to your customers’ property, your snow removal insurance can compensate for the needed expenses. . Worker’s Compensation. But with a worker’s compensation policy, you’d be able to give your workers their needed protection when they become injured on the job. .

Insurance 201

Insurance Legal Compensation Injury 201

The Constructor

NOVEMBER 24, 2011

In the past very specific measuring techniques were taught and employed by surveyors to compensate for minor mechanical imperfections in theodolites. One must now do more than memorize techniques that compensate for errors. Vertical circle eccentricity cannot be compensated for in this manner since the circle moves with the telescope.

Concrete 240

Concrete Compensation Foundation Design 240

Construction Dive

AUGUST 21, 2023

A notice to financial institutions highlighted how bad actors use shell companies to commit workers’ compensation and payroll fraud.

Banking 118

Banking Compensation Construction 118

Construction Dive

FEBRUARY 26, 2019

Engine Capital's open letter pointing to what it believes are flaws in management and compensation practices comes right before the contractor's annual meeting.

Compensation 120

Compensation Engineering Contractors Management 120

BD+C

OCTOBER 10, 2024

Can compensation motivate employees? What you can do as a leader, though, is to educate your team on why you’re doing something and how they can be a part of it. Trust me, your team will run through walls to follow a process or plan that THEY’RE PART OF. I did some research on this a few years ago, and I found something interesting.

Construction 98

Construction Compensation Environment Plans 98