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12 Pitfalls New Contractors Should Avoid

Construction Business Owner

A savvy new contractor is one who anticipates and protects their fledgling business against the many challenges both on the jobsite and back at the office. Construction Insurance. Section In the Office. Liberty Mutual Insurance. starting a construction business. Promote to rotator No. Main Image.

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Northwestern Mutual taps Gilbane, CG Schmidt for $500M office rehab

Construction Dive

The contractors have posted bid packages to renovate the 540,000-square-foot North Office Building at the insurance giant’s Milwaukee campus.

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Harnessing the Power of RPA

Construction Business Owner

Common expenses for operating a construction business include labor, materials, insurance, permits, office space, vehicles, trailers and other incidentals. Despite its simple appearance, the financial equation of “revenue - expenses = profit” is so complex, there are few who truly understand it.

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Carpenter’s Insurance: Who Needs It & Why

Levelset

Insurance is one part of a strategy to keep your carpentry business financially healthy. To minimize any financial damage, a comprehensive carpenter’s insurance plan is a smart bet. . What is carpenter insurance? Does a carpenter need insurance? Insurance serves another purpose.

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Get Additional Insured Language Right

Construction Business Owner

General contractors, subcontractors and business owners risk substantial financial loss if they enter into contracts that are not supported by their insurance program.

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Companies Seek to Attract Needed Workers with Wage Hikes, Bonuses, Insurance

Pro Builder

Companies Seek to Attract Needed Workers with Wage Hikes, Bonuses, Insurance. Construction and maintenance companies have long battled with the severe lack of skilled labor, but the past year has only worsened conditions. cbroderick. Fri, 07/09/2021 - 09:55. There's a lot of competition for skilled carpenters," he said. Read More. .

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Subcontractor Default Insurance: Pros & Cons for General Contractors

Levelset

Construction is a risky business, with among the highest rates of failure of any industry. Subcontractor default insurance is one alternative to a surety bond that works to protect a contractor from the financial burden when one of their subcontractors defaults. Related: 16 types of insurance coverage for contractors.