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Types of Capital for Construction Businesses

Levelset

Working capital measures the difference between a construction company’s current assets and current liabilities. Businesses whose assets (like cash, accounts receivable, inventory, or materials) exceed the value of their liabilities (like wages, debts, vendor payments, or overhead costs) have working capital to use to maintain or grow.

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What Is a Certificate of Insurance (COI) for Contractors — and When Do You Need One?

Levelset

Aside from owners and GCs, a government entity may want to see proof of liability insurance. You may be seeking to work for a local, state, or federal government, and these bodies will want to know that you carry liability insurance before you’re awarded — or even considered — for a bid. When do I need to provide a COI?

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Pennsylvania Incentives and Workforce Development Guide

Buisness Facilities Contributed Content

The Program is administered jointly by the Department of Community and Economic Development (DCED) and the Department of Environmental Protection (DEP), under the direction of the Commonwealth Financing Authority (CFA). The total tax credits awarded to a taxpayer may not exceed $500,000 in any fiscal year. Guaranteed loans up to $500,000.

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7 Steps to Successful Project Closeout

Autodesk Construction Cloud

Risk assessment is the fifth step and requires you to identify potential risks or liabilities that could arise in the future. Any time the critical documents you need are in an easy to lose, easy to destroy format like paper, you take on risk. Step 5: Risk Assessment. Tools like Construction IQ can help.

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Contractor License Bonds: Everything You Need to Know

Levelset

However, surety companies evaluate each state’s requirements individually so rates for similar limits in other states may be different should there be a greater risk present. Although contractors are the ones mandated to obtain this coverage, they are not the ones protected (that’s what general liability insurance is for).

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Keep Your Subconsultants in the Loop - PSMJ Resources Blog

PSMJ Resources

Failures by your subconsultants can lead to serious liability. risk is a well-written agreement. Presenting them with a detailed scope-of-work description, a set of. Business Presentations. Corporate Finance Associates blog. PSMJ Tips: New Project Delivery Methods = New Risk. skip to main | skip to sidebar.

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PSMJ Resources Blog: XL Insurance Enters Collaborative.

PSMJ Resources

to Advance A/Es Risk and Practice Management. XL Insurance’s Design Professional group, specializing in professional liability insurance for architects and engineers and a part of the global underwriting operations of XL Group (NYSE: XL), and PSMJ, Resources, Inc., Business Presentations. Corporate Finance Associates blog.