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Business Interruption Insurance in Construction: What Contractors Need to Know

Levelset

Whether it’s the risk of an unexpected accident or a project running over schedule and costing you money, there are many things that can go wrong. One way to help protect yourself from some of these perils is by having business interruption insurance for construction. What does business interruption insurance cover ?

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Does GC Insurance Cover Subcontractors?

Levelset

Accidents happen, especially in construction. Between miscommunication, the wrong specifications, carelessness, or events out of anyone’s control, things can go wrong, and the damages can be expensive. Luckily, that’s what insurance is for, right? Who is covered by an insurance policy? General liability insurance.

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How to Manage Compliance for Construction Success

Viewpoint Construction Technology

That means they have even more to keep track of in their already busy schedules. Construction management is challenging, in no small part because the industry is governed by a plethora of regulations. Regulatory compliance may seem daunting, especially for those new to the construction industry. Building codes.

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How to Successfully Plan the Risks Going Into a Construction Project

Fieldwire

No doubt, construction is a risky business. Every construction project is uniquely different, and the distinctive characteristics of the industry - such as high-cost intensity and lengthy durations - also add an additional layer of complexity to the risk landscape. Health and Safety Hazards. Analyze and update company safety policies.

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8 essential steps for effective project cost estimation and budgeting

Fieldwire

To say that winning bids is the key to success in construction is a half-truth. Study the project details Understand the construction project’s specifications and requirements during the bid solicitation phase. Construction project stakeholders expect you to self-regulate and reflect on whether you’re up to the task.

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The pros and cons of becoming a subcontractor

Fieldwire

If you decide to start your own subcontracting business, you’ll be able to reap many of the most significant benefits of working as a general contractor — like greater flexibility in job hours and scheduling. BLOG Why is construction so hard? Construction expert Jim Rogers explains.

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4 Positive Impacts Asset Management and Maintenance Have On Your Construction Business

Fieldwire

While you may assume that paying for scheduled maintenance is unnecessary, the reality is - without it, organizations are typically compelled to undertake more costly repairs. Some construction companies are unsure of when they purchased a certain piece of equipment, much alone when it was last serviced.