Levelset

AUGUST 26, 2022

When working in construction, your insurance policy gets issued as a fairly standard contract. Like a basic construction agreement, you can upgrade or downgrade your insurance policy just as a customer might do with the fit and finish of a building. What is an insurance endorsement? How insurance endorsements work.

Insurance 52

Insurance Liability Equipment Agreement 52

Levelset

SEPTEMBER 16, 2022

Your base insurance policy may offer some coverage for unexpected damage to some business property, but making assumptions about the extent of coverage could lead to some financial distress. . An equipment floater offers insurance protection for your business property as it moves from location to location. What is an equipment floater?

Insurance 52

Insurance Equipment Contractors Risk 52

Safety Services Company

OCTOBER 6, 2023

To simplify the process, you can utilize contractor management services. What are Contractor Management Services? Contractor management service providers help contractors become prequalified for contracts and jobs. They maintain your contractor management accounts (e.g. Let’s dive into this option.

Management 71

Management Contractors Legal Safety 71

Levelset

APRIL 28, 2022

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. What is subcontractor default insurance? How SubGuard insurance works.

Insurance 52

Insurance Contractors Claims ABC 52

Job Order Contracting

NOVEMBER 7, 2017

Setting up a Job Order Contract Using Best Management Practices involves a mix of strategic and operational steps including a gap analysis of current and planned outcomes. . d) An indefinite-delivery, indefinite-quantity (task order) contract which provides for the use of negotiated, definitive, bilateral orders (i.e.,

Contract 100

Contract Management Negotiation Estimating 100

Pro Builder

NOVEMBER 10, 2022

Using Contract Skilled Labor Can Reduce Workers’ Compensation Risk—Here’s How. In the event of an injury, the staffing company incurs the cost of workers’ compensation insurance coverage for its temporary employees, and temporary worker injuries also should not affect a company's Experience Modification Rate (EMR).

Compensation 98

Compensation Risk Contract Injury 98

Job Order Contracting

SEPTEMBER 28, 2016

UNDERSTANDING THE CONTRACTOR’S JOB ORDER CONTRACT COEFFICIENT. A Job Order Contract Coefficient is a numerical factor that represents costs (generally indirect costs) not included in the unit price line items within the Unit Price Book, UPB, associated with the Job Order Contract. Project management and supervision.

Contract 100

Contract Overhead Insurance Profitability 100

Job Order Contracting

DECEMBER 20, 2017

Job Order Contracting Training Note – JOC Coefficient. The post Job Order Contracting Training Note – JOC Coefficient appeared first on 4BT. A JOC coefficient is a factor, typically ranging from 0.80 The items to be considered when a contractor creates a JOC coefficient vary according to the specific JOC Program.

Contract 100

Contract Overhead Insurance Profitability 100

Construction Law

JUNE 3, 2024

News Our regular news round up focusses on a disputes survey that suggests artificial intelligence will have an impact on contracts sooner than many think; a Labour Party plan that involves scrapping the IPA and the NIC; and a landmark legal victory for the government that forces a freeholder to fix serious building safety issues in a tower block.

Insurance 52

Insurance Construction Legal Drafting 52

cnstrctr

JANUARY 4, 2020

A construction contract is a tool that you can use to help outline these requirements. What exactly is a construction contract, how can it be used and what are the different types? A construction contract is a document that outlines the roles and responsibilities between two or more parties on a project. Lump Sum Contracts.

Contract 88

Contract Construction Finance Documentation 88

Construction Junkie

OCTOBER 21, 2020

There’s no doubt that one of the most important aspects of managing a construction project is being able to quickly and easily analyze your financials. Financials can be sorted, viewed, and filtered by project type, cost code, project manager, labor & material, and self-performed work vs. subcontracted work, among many other options.

Sage 145

Sage Management ProCore Construction 145

Best Practices Construction Law

FEBRUARY 21, 2018

Reading and understanding an insurance policy on a construction project can be a lot like understanding my kids playing Speak Out. Proper insurance coverage is an important risk management tool for contractors, subcontractors, project owners/developers and design professionals. Nautilus Insurance Co. ,

Insurance 54

Insurance Subcontracting Injury Construction 54

Viewpoint Construction Technology

MAY 23, 2018

Editor’s Note: This is Part 2 of a five-part series on Construction Project Management. Last week, we talked about the complexity of construction projects and the role of the project manager in managing the processes behind them. Hire bad people to manage and build the project? Championing Construction Collaboration.

Project Management 182

Project Management Management Software Software 182

Job Order Contracting

MARCH 29, 2017

Best Practice Job Order Contracting. The DOD has long been recognized as the leader in best practice job order contracting. Thus while County, State, and Local Governments in general have a ways to go in deploying Best Practice Job Order Contracting, the potential benefit are certainly worth the effort. Note that for.

Contract 100

Contract Office Negotiation Procurement 100

Job Order Contracting

FEBRUARY 20, 2018

A Job Order Contract Execution Guide is a required element for any successful, best management practice JOC Program. JOB ORDER CONTRACT (JOC) EXECUTION GUIDE. The contract may consist of a collection of proposed institutional facilities type projects. DEFINITIONS. authorization. UPB rate and the Contractor’s multiplier.

Contract 100

Contract Organization Change Orders Overhead 100

NH Construction Law

JULY 26, 2020

“May unintentionally faulty subcontractor work that damages an insured’s work product constitute an ‘accident’ under a commercial general liability insurance policy?” Mechanical Contractors, Inc. 2020 WL 3527909 (June 29, 2020). 2d 871, 880 (Fla. ”); Lamar Homes, Inc. Mid-Continent Casualty Co. ,

Insurance 40

Insurance Liability Accidents Michigan 40

Job Order Contracting

FEBRUARY 24, 2018

What’s in a JOC Coefficient should be specifically detailed in the Job Order Contract Request for Proposal. Here’s a listing of what is typically included in a construction contractor’s Job Order Contract coefficient… Contractor’s overhead and profit. Employee payroll taxes, insurance, and fringe benefits.

Overhead 100

Overhead Permits Insurance Contract 100

Construction Law

FEBRUARY 2, 2024

Editor Nick Barrett asks how long the UK can get away with the governance problem said by the head of the National Audit Office to be embedded at the heart of Whitehall when it comes to managing large scale procurements. Do all the provisions advance the cause of greater efficiency, expedition and cost effectiveness, they ask?

Construction 52

Construction Insurance Procurement Drafting 52

Job Order Contracting

JUNE 5, 2017

operations and record keeping, trash-recycle removal, security services, service contracts, utility charges (electric, gas/oil, water), insurance (fire, liability, operating equipment) and taxes. This category may include expenditures for service contracts and other third-party costs. activities, or to protect life and property.

Management 100

Management Equipment Inspections Budgeting 100

Best Practices Construction Law

FEBRUARY 25, 2014

Well, in a recent construction dispute in Maryland, “the Man” was the owner’s insurance company. The construction manager was a joint venture between Perinit Building Company and Turner Construction Company (the “Contractor”). The Insurance Claim. In Perini/Tompkins Joint Venture v.

Insurance 59

Insurance Maryland Claims Construction 59

Job Order Contracting

JULY 19, 2020

2020 Guide to Construction Cost Estimating provides a road map for applying best management practices necessary to drive financial visibility and transparency. liability insurance and allowance for small tools and consumables. Liability insurance based upon local contractor rates is also added as a percentage. Introduction.

Estimating 155

Estimating Overhead Construction Liability 155

Building Information Management

JULY 2, 2016

Job Order Contract Coefficient – Training 101. UNDERSTANDING a Job Order Contract COEFFICIENT. Employee payroll taxes, insurance and fringe benefits. insurance costs. Mobilization and close out for the total contract and each task order. Project management and supervision. protective clothing.

Contract 40

Contract Overhead Permits Insurance 40

Safety Services Company

FEBRUARY 19, 2020

IS YOUR BUSINESS EFFECTIVELY PRIORITIZING CONSTRUCTION RISK MANAGEMENT? From financial difficulties to fatal accidents, construction risk management is integral in order to secure a company’s survival and eventual growth. With that said, construction risk management should be a priority for your company. Project Risks.

Risk 62

Risk Management Construction Safety 62

Safety Services Company

FEBRUARY 18, 2020

How Well Does Your Business Prioritize Construction Risk Management? From financial difficulties to fatal accidents, risk management is integral in order to secure a company’s survival and eventual growth. . With that said, construction risk management should be a priority for your company. What is Construction Risk Management?

Risk 62

Risk Management Construction Safety 62

Job Order Contracting

FEBRUARY 7, 2020

This includes pre-construction and planning phase activities including initial owner scope of work as well as all related planning, procurement, and project management processes. A construction cost audit and associated checklist are important risk management and LEAN construction planning, procurement, and project delivery tools.

Construction 160

Construction Procurement Documentation CSI 160

Construction Enquirer

JULY 6, 2023

Rydon said its settlement is being covered by its insurers. Rydon Construction, which has been wound down with the exception of working through existing legacy contracts, recorded a £3.9m Lawyers for the BSR group took action against 22 firms in total. previously. loss from £5m revenue.

Claims 131

Claims Profitability Maine Insurance 131

Building Information Management

OCTOBER 9, 2015

A set of definitions related to Job Order Contracting / JOC. Additions to the contract or delivery order as agreed to by the owners. and the contractor to meet specific or special contract requirements. invoices and the appropriate unit price book for JOC work performed for under the contract. AUDIT CYCLE.

Contract 40

Contract Negotiation Estimating Documentation 40

Building Information Management

DECEMBER 23, 2015

There are multiple aspects involved in setting up a JOB ORDER CONTRACT. Proper planning, the right team, selecting a unit price book (UPB), establishing best management practices, initial an ongoing training, and developing appropriate quantitative benchmarks represent some key considerations. Certificate of Insurance.

Contract 40

Contract Certification Documentation Bidding 40

Fieldwire

AUGUST 14, 2023

Construction is one of the hardest industries to manage cash flow in, with contractors often facing large up-front costs and frequent, long delays between expenses and payment. It’s fairly common, especially on commercial and public construction projects, and typically ranges from 5 - 10% of the total contract price.

Contractors 98

Contractors Cash Flow Lien Negotiation 98

Wolgast Corporation

JANUARY 12, 2023

Construction Management. General Contracting. Over the years, we have diversified from our original General Contracting service that started the company 75 years ago to better serve more industries in our market and also a variety of sizes and complexity of buildings. Restoration. Development/Leaseback Services.

Commercial 91

Commercial Construction Retail Michigan 91

Autodesk Construction Cloud

FEBRUARY 5, 2022

How to Manage Risk in Your Construction Project. According to The Construction Industry Institute , there are about 107 construction risks you should consider when managing a project. Regardless, a solid risk management strategy is critical to the security of your company and project. What is Construction Risk Management?

Risk 59

Risk Management Construction Documentation 59

Fieldwire

MARCH 5, 2024

Estimating project costs correctly and managing the budget accordingly are just as vital. Subcontractors getting awarded a contract spells financial disaster if the bid is too high to be competitive or too low to be profitable. In contrast, trying your luck on any project coming your way can lower your chances of winning a contract.

Budgeting 52

Budgeting Budget Estimating Bidding 52

Building Information Management

OCTOBER 16, 2015

J OB ORDER CONTRACTING . that is bid by job order contractor and use to multiply against a job order estimate for a job order contract as developed using the unit price book. The contract is an IDIQ or indefinite quantity contract for on-call construction services with a set duration and associate minimum and maximum value.

Contract 40

Contract Liability Insurance Documentation 40

Levelset

APRIL 15, 2022

When a property owner files an insurance claim to cover a restoration or roofing project, the owner typically deals directly with the insurance company. They may not have the funds available to pay the contractor out of pocket, so they’re counting on that insurance check to cover the construction costs. Setting up an AOB.

Insurance 52

Insurance Contractors Lien Claims 52

Fieldwire

AUGUST 31, 2023

This gives subcontractors more room to develop a specialized skill set and take on jobs that contractors with more generalized knowledge may not be able to manage. You’ll need to purchase your own health insurance and you won’t receive paid sick or vacation days. Be sure to weigh your options and make the right choice for you.

Subcontracting 98

Subcontracting Contractors Negotiation Employment 98

Job Order Contracting

JANUARY 25, 2018

Judgment factors must be applied within the average range to allow for: • Quality • Type of contract. Insurance and bond costs • Appraisals. Management costs • Broker commissions. via Four BT, LLC, Tool, cost data, and services to support best value LEAN construction delivery, including Job Order Contracting. .

Commercial 100

Commercial Construction Commissioning Permits 100

Fieldwire

APRIL 4, 2023

Since 2016, UK contractor Speller Metcalfe has used Fieldwire to manage quality assurance and snagging, as well as tracking progress and task reporting with their subcontractors. The company estimates they’ve saved £100.000 in rework using our construction management app. They currently have an annual turnover of £120 million.

BIM 52

BIM Innovation Schedule Site 52