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Errors and Omissions (E&O) Insurance Explained for Construction?

Levelset

Errors and omissions (E&O) insurance covers contractors against financial loss resulting from mistakes, errors, or claims of negligence. While general liability insurance covers against claims related to injury or property damage, errors and omissions insurance protects from lawsuits related to financial loss.

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Construction Risk Management: How to Reduce Top Construction Risks

Autodesk Construction Cloud

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. Before you start panicking about the 90 plus risks on the list you’re probably not completely aware of at this moment, let’s take a step back.

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Insurance for HVAC Contractors: What It Covers and Why You Need It

Levelset

HVAC contractor insurance is the primary way to help protect your financial interest if things go wrong on the job. This contractor’s insurance solution is typically the most cost-effective means to secure coverage and give you peace of mind. What is HVAC contractor insurance? Who needs HVAC insurance?

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What Is an Installation Floater?

Levelset

” You may already have an insurance policy that offers coverage for business property and general liability. An installation floater is a form of insurance coverage that protects the value of building materials that will become a permanent part of a commercial or residential structure. Who needs installation floater insurance?

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3 Steps to Better Cost Control in Construction Projects

Autodesk Construction Cloud

Serious project design errors Unfortunately, design deficiencies are too common. These issues can be mitigated with software that ensures everyone is on the same page, reducing the risk of errors or incomplete designs. Online access to designs and scenarios allows for greater communication from remote locations.

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A glossary of terms with reference to Construction Cost Estimating

Construction Cost Estimating

This value usually does not include the preplanning, site or right of way acquisition, or design costs, and may not include start-up and commissioning costs. These uncertainties are risks to the project. The estimated costs of the known-unknowns is referred to by cost estimators as cost contingency. May also be called pricing.

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constructionattorneyblog: Risks in LEED design

Construction Lawyer

All references to "Sabo & Zahn" refer to Sabo & Zahn LLC. In other words, you use the stuff we post here at your own risk. Risks in LEED design. There is an interesting discussion of some issues and risks to design professionals involving LEED projects at [link]. Copyright Notice. Disclaimer.

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