Contractors and Risk - Professional Constructor Central

Rising Construction Costs Lead to Higher Risks

Construction Business Owner

NOVEMBER 7, 2023

Rising Construction Costs Lead to Higher Risks PCF Construction offers insight on current market construction risks and how to take control mhodges Tue, 11/07/2023 - 09:13 One of the most pressing issues in the construction industry today is the unforeseen or unintended increase in risk exposures due to rising construction costs.

Risk

Risk Insurance Construction Security

3 Risks of Using AI in Construction

Construction Business Owner

FEBRUARY 9, 2024

3 Risks of Using AI in Construction ccapoccia Fri, 02/09/2024 - 16:16 The use of artificial intelligence is growing on construction jobsites. But without proper management, contractors won't make a return on their investment. Learn about three big AI risks and how to avoid them.

Risk

Risk Construction Contractors Management

3 Ways Contractors Can Mitigate the Risks Tied to Price Increases

Construction Business Owner

APRIL 25, 2022

3 Ways Contractors Can Mitigate the Risks Tied to Price Increases. Mon, 04/25/2022 - 10:11. Escalation, escalation, escalation,” is all I hear from clients and colleagues as they leave their Zoom screens and return to conferences and conventions.

Risk

Risk Contractors Conference Products

Controlling Total Cost of Risk in Construction

Construction Business Owner

FEBRUARY 28, 2024

Controlling Total Cost of Risk in Construction Four key strategies to improve total cost of risk and drive successful construction outcomes mhodges Wed, 02/28/2024 - 10:14 The global construction industry is expected to grow by 85% to $15.5 trillion by 2030, but this growth comes with risk management challenges.

Risk

Risk Virgin Islands Puerto Rico Samoa

RISK! It’s Not a Game for Contractors

Viewpoint Construction Technology

SEPTEMBER 2, 2021

Risk is everywhere in construction. Here’s a look at 6 of the most common risks and how modern technology is removing them.

Risk

Risk Contractors Construction

5 Risk Management Areas You Should Focus on This Year & Beyond

Construction Business Owner

APRIL 13, 2023

5 Risk Management Areas You Should Focus on This Year & Beyond ccapoccia Thu, 04/13/2023 - 16:55 The last several years have been challenging for contractors as they face mounting pressures from inflation, labor shortages, rising capital costs and continued supply chain interruptions.

Risk

Risk Management Plans Contractors

Top 3 Contractor Risks & How to Reduce Your Exposure

Construction Business Owner

DECEMBER 20, 2022

Top 3 Contractor Risks & How to Reduce Your Exposure. Tue, 12/20/2022 - 10:14. Notwithstanding COVID-19’s onset in 2020, construction activity has been, and continues to be, robust. New home construction and multifamily increased, and with few exceptions, commercial building shows no signs of slowing down either.

Risk

Risk Contractors Infrastructure Commercial

Building Customer Confidence in Electrical Contractor Bids

Viewpoint Construction Technology

MARCH 27, 2024

Viewpoint enables contractors to better manage their projects, processes and people, using the data gathered to lower risk and improve margins.

Contractors

Contractors Bidding Electrical Viewpoint

The Lowdown on Significant Risk-Allocation Clauses (Part 1 of 2)

Construction Business Owner

JANUARY 10, 2024

The Lowdown on Significant Risk-Allocation Clauses (Part 1 of 2) ccapoccia Wed, 01/10/2024 - 15:50 Recognition and allocation of risk should be major concerns for all parties in a construction project. Allocating unavoidable risks between the parties is a major function of construction-related contracts.

Risk

Risk Negotiation Contract Contractors

How to Prepare for Unexpected Risk Exposure

Construction Business Owner

SEPTEMBER 20, 2021

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

Risk Liability Insurance Compensation

5 Critical Clauses Contractors Should Know

Construction Business Owner

FEBRUARY 9, 2024

5 Critical Clauses Contractors Should Know ccapoccia Fri, 02/09/2024 - 14:31 In this second installment on the allocation of risk between general contractors and developers in construction contracts, we’ll explore five critical general contract clauses contractors should know.

Contractors

Contractors Contract Risk Construction

4 Trends in Construction Risk to Watch in 2020

Construction Business Owner

JANUARY 22, 2020

4 Trends in Construction Risk to Watch in 2020. 4 big trends in construction risk that contractors should pay attention to in 2020. Elizabeth Manning. Wed, 01/22/2020 - 16:14.

Risk

Risk Construction Contractors

Top 5 Risks for Set-Aside Contractors

Construction Business Owner

OCTOBER 29, 2020

Top 5 Risks for Set-Aside Contractors. Federal projects are a big deal for small contractors. But the risks can be big, too. For small or historically disadvantaged businesses, federal projects are often out of reach—in part because smaller contractors don’t always qualify for bonds needed for a federal contract.

Risk

Risk Virgin Islands Contractors Puerto Rico

Proactively Tailoring Your Insurance Plan to Intercept Future Risk

Construction Business Owner

JUNE 14, 2022

Proactively Tailoring Your Insurance Plan to Intercept Future Risk. Being prepared for any type of interruption can ensure contractors, laborers and owners can recover quickly with minimal impact to the financial well-being of the business. Tue, 06/14/2022 - 13:49. Construction projects run on a strict timetable.

Insurance

Insurance Risk Plans Resource

Construction Industry Trends: April 2024 Roundup

Viewpoint Construction Technology

MAY 7, 2024

Viewpoint enables contractors to better manage their projects, processes and people, using the data gathered to lower risk and improve margins.

Viewpoint

Viewpoint Industrial Risk Construction

Key Factors for Choosing a National Commercial Construction General Contractor

HardHatChat

MARCH 26, 2024

Selecting the right national commercial construction general contractor is a critical decision that can significantly impact the success of your construction project. We believe it enhances our project outcomes, mitigates risks, and supports the overall success of our national construction business. is essential.

Commercial

Commercial Contractors Construction Project Management

Strategic Cost Estimation for Contractors in 2024

Construction Business Owner

MARCH 1, 2024

Strategic Cost Estimation for Contractors in 2024 ccapoccia Fri, 03/01/2024 - 16:03 As we navigate the complexities of the construction industry in 2024, the ability to provide accurate cost estimations remains the cornerstone of a contractor’s success.

Estimating

Estimating Contractors Roads Profitability

Proactive Risk Management Strategies for Oil & Gas Companies

Safety Services Company

NOVEMBER 9, 2023

However, the industry is exposed to many risks that can significantly impair operations, the environment, and the safety of people. Consequently, risk management is crucial to identify and mitigate damages while guaranteeing the safety of workers, the general public, and the environment.

Risk

Risk Management Safety Accidents

Construction Industry Trends: March 2024 Roundup

Viewpoint Construction Technology

APRIL 4, 2024

Viewpoint enables contractors to better manage their projects, processes and people, using the data gathered to lower risk and improve margins.

Viewpoint

Viewpoint Industrial Risk Construction

Your Guide to Managing Construction Risk in 2019

Construction Business Owner

SEPTEMBER 5, 2019

Did you know that 30% of contractors fail because of management issues? As a contractor, you’re likely aware of the multiple risks inherent in running a construction business. Construction projects require a great deal of time and resources.

Risk

Risk Management Deals Construction

Youth in Construction: Building the Future of the Industry

Viewpoint Construction Technology

MARCH 27, 2024

Viewpoint enables contractors to better manage their projects, processes and people, using the data gathered to lower risk and improve margins.

Viewpoint

Viewpoint Industrial Risk Contractors

First, Digital Timesheets; Next, the Moon?

Viewpoint Construction Technology

APRIL 8, 2024

Viewpoint enables contractors to better manage their projects, processes and people, using the data gathered to lower risk and improve margins.

Viewpoint

Viewpoint Risk Contractors Management

How Improved Change Order Communication Can Reduce Risk for all Stakeholders

Construction Business Owner

NOVEMBER 15, 2021

The results of an outdated change order process include wasted time for all project team members, increased financial risk, lack of real-time statuses and uncaptured valuable data and insights. That's when he started Extracker to bring real-time collaboration on project costs between subcontractors, general contractors and owners.

Change Orders

Change Orders Risk Virgin Islands Puerto Rico

Punch Lists, Deficiencies Lists & Getting Things Done

Viewpoint Construction Technology

MARCH 20, 2024

Viewpoint enables contractors to better manage their projects, processes and people, using the data gathered to lower risk and improve margins.

Viewpoint

Viewpoint Risk Contractors Management

Building a solid foundation: How AI is minimizing risk and enabling contract compliance on projects

Construction Dive

FEBRUARY 26, 2024

Learn how AI can help contractors de-risk their projects, minimize disputes and improve contract compliance.

Risk

Risk Contract Foundation Contractors

How the Construction Accounting Function Can Earn a Seat at the Table

Viewpoint Construction Technology

FEBRUARY 14, 2024

Viewpoint enables contractors to better manage their projects, processes and people, using the data gathered to lower risk and improve margins.

Viewpoint

Viewpoint Accounting Risk Contractors

Construction Industry Trends: February 2024 Roundup

Viewpoint Construction Technology

MARCH 7, 2024

Viewpoint enables contractors to better manage their projects, processes and people, using the data gathered to lower risk and improve margins.

Viewpoint

Viewpoint Industrial Risk Construction

Construction Industry Trends: January 2024 Round-Up

Viewpoint Construction Technology

FEBRUARY 8, 2024

Viewpoint enables contractors to better manage their projects, processes and people, using the data gathered to lower risk and improve margins.

Viewpoint

Viewpoint Industrial Risk Construction

Construction Risk Management | Contractor Risk Management | Construction Risk Register | What Is Construction Management at Risk

CivilJungle

DECEMBER 21, 2021

Information of Construction Risk Management. Construction risk management is a long steep process, in which we have to calculate the all-possible risk and determine the process by which we can reduce this type of risk. Where we identify, analyze the risks and work over them. What Is Construction Risk Management ?

Risk

Risk Management Contractors Construction

Objectively Validate Contractor and Subcontractor Quotes

Job Order Contracting

MAY 11, 2023

Objectively VALIDATE Contractor and Subcontractor Construction Cost Estimates Construction cost management capabilities are critical to the success of any repair, renovation, maintenance, or new build activity. 2 Validating contractor estimates using a locally researched cost database can save 30%-40% of overall project costs. #3

Contractors

Contractors CSI Estimating Architecture

A New Year of Risk

Construction Business Owner

JANUARY 16, 2019

5 economic risks and construction-specific challenges contractors will face in 2019.

Risk

Risk Contractors Construction

Strategies to mitigate the challenges of wood-frame builder’s risk insurance

Construction Dive

DECEMBER 11, 2023

Projects built with wood pose increased risk and it is becoming increasingly important in today’s insurance market that contractors understand the landscape.

Insurance

Insurance Risk Contractors

Revitalize Your Back Office & Streamline AP Processes

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. Is your back office a risk? Unfortunately for some, it does. How can you know?

Revit

Revit Office Compensation Risk

You Risk Paying Twice When Sub-Contractors Don’t Pay Their Bills

Wolgast Corporation

NOVEMBER 28, 2022

If you haven’t built a building in the last couple of years, you may be surprised when your banker tells you that they want to hire a Title Company to handle all of your payments to not only the General Contractor, but also directly to the General Contractor’s second tier Sub-Contractors. Why should you care?

Lien

Lien Risk Contractors Banking

Builder’s Risk vs. General Liability for Contractors: What’s the Difference?

Levelset

AUGUST 24, 2022

Construction businesses need many different types of insurance to mitigate the risks associated with building projects. Two of the most common insurance policies that contractors have are builder’s risk and general liability, which serve very different purposes. What is builder’s risk insurance?

Liability

Liability Risk Insurance Contractors

Getting Accounting Aligned with the Project Management Team

Viewpoint Construction Technology

MARCH 13, 2024

Viewpoint enables contractors to better manage their projects, processes and people, using the data gathered to lower risk and improve margins.

Project Management

Project Management Management Accounting Viewpoint

Trimble Dimensions 2023: Find Your Flock

Viewpoint Construction Technology

OCTOBER 4, 2023

Viewpoint enables contractors to better manage their projects, processes and people, using the data gathered to lower risk and improve margins.

Viewpoint

Viewpoint Risk Contractors Management

Construction Industry Trends: September 2023 Roundup

Viewpoint Construction Technology

OCTOBER 4, 2023

Viewpoint enables contractors to better manage their projects, processes and people, using the data gathered to lower risk and improve margins.

Viewpoint

Viewpoint Industrial Risk Construction

4 Ways to Track Equipment Easier—and Allocate Tools Back to the Job

Viewpoint Construction Technology

JANUARY 11, 2024

Viewpoint enables contractors to better manage their projects, processes and people, using the data gathered to lower risk and improve margins.

Viewpoint

Viewpoint Equipment Risk Contractors

Why Getting Prequalified Should Matter to Contractors

Safety Services Company

SEPTEMBER 29, 2023

Enlisting contractors comes with a substantial financial investment and entails significant risks. Every hiring client aims to find safe, reliable, and compliant contractors, so they put potential vendors through a series of tests. What Do Hiring Clients Look For When in Search for a Contractor?

Contractors

Contractors Risk Comparison Regulation

Construction Industry Trends: July 2023 Roundup

Viewpoint Construction Technology

AUGUST 8, 2023

Viewpoint enables contractors to better manage their projects, processes and people, using the data gathered to lower risk and improve margins.

Viewpoint

Viewpoint Industrial Risk Construction

9 Types of Insurance You Need to Protect Your Contractor Business

Construction Marketing

DECEMBER 27, 2021

As a contractor, you likely know that your business is always at risk. Between the potential for accidents and injuries on the job site and the risk of lawsuits, it’s important to have insurance to protect yourself from financial losses, but what kind of insurance do you need? Builders Risk Insurance.

Insurance

Insurance Contractors Accidents Liability

How today’s contractors are leveraging data to reduce risk

Construction Dive

NOVEMBER 20, 2023

How integrating technologies significantly reduces the chance of human error, enhances safety protocols and reduces incidents.

Risk

Risk Contractors Safety

Construction Industry Trends: June 2023 Roundup

Viewpoint Construction Technology

JULY 6, 2023

Viewpoint enables contractors to better manage their projects, processes and people, using the data gathered to lower risk and improve margins.

Viewpoint

Viewpoint Industrial Risk Construction

Rising Construction Costs Lead to Higher Risks

3 Risks of Using AI in Construction

Trending Sources

3 Ways Contractors Can Mitigate the Risks Tied to Price Increases

Controlling Total Cost of Risk in Construction

RISK! It’s Not a Game for Contractors

5 Risk Management Areas You Should Focus on This Year & Beyond

Top 3 Contractor Risks & How to Reduce Your Exposure

Building Customer Confidence in Electrical Contractor Bids

The Lowdown on Significant Risk-Allocation Clauses (Part 1 of 2)

How to Prepare for Unexpected Risk Exposure

5 Critical Clauses Contractors Should Know

4 Trends in Construction Risk to Watch in 2020

Top 5 Risks for Set-Aside Contractors

Proactively Tailoring Your Insurance Plan to Intercept Future Risk

Construction Industry Trends: April 2024 Roundup

Key Factors for Choosing a National Commercial Construction General Contractor

Strategic Cost Estimation for Contractors in 2024

Proactive Risk Management Strategies for Oil & Gas Companies

Construction Industry Trends: March 2024 Roundup

Your Guide to Managing Construction Risk in 2019

Youth in Construction: Building the Future of the Industry

First, Digital Timesheets; Next, the Moon?

How Improved Change Order Communication Can Reduce Risk for all Stakeholders

Punch Lists, Deficiencies Lists & Getting Things Done

Building a solid foundation: How AI is minimizing risk and enabling contract compliance on projects

How the Construction Accounting Function Can Earn a Seat at the Table

Construction Industry Trends: February 2024 Roundup

Construction Industry Trends: January 2024 Round-Up

Construction Risk Management | Contractor Risk Management | Construction Risk Register | What Is Construction Management at Risk

Objectively Validate Contractor and Subcontractor Quotes

A New Year of Risk

Strategies to mitigate the challenges of wood-frame builder’s risk insurance

Revitalize Your Back Office & Streamline AP Processes

You Risk Paying Twice When Sub-Contractors Don’t Pay Their Bills

Builder’s Risk vs. General Liability for Contractors: What’s the Difference?

Getting Accounting Aligned with the Project Management Team

Trimble Dimensions 2023: Find Your Flock

Construction Industry Trends: September 2023 Roundup

4 Ways to Track Equipment Easier—and Allocate Tools Back to the Job

Why Getting Prequalified Should Matter to Contractors

Construction Industry Trends: July 2023 Roundup

9 Types of Insurance You Need to Protect Your Contractor Business

How today’s contractors are leveraging data to reduce risk

Construction Industry Trends: June 2023 Roundup

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