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Restoration: How to Manage Cash Flow While Waiting for an Insurance Check

Levelset

Even though the insurance company isn’t your customer, the property owner may be depending on that insurance check to pay for your work. To cover these expenses, restoration contractors need to manage their cash flow to ensure they have enough money in the bank — especially when the insurance company is dragging their feet.

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Business Interruption Insurance in Construction: What Contractors Need to Know

Levelset

One way to help protect yourself from some of these perils is by having business interruption insurance for construction. This type of insurance can help ensure that you’re able to continue operations if something happens that causes you to lose income. What does business interruption insurance cover ?

professionals

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Unlocking the Value of Temporary Housing: A Comprehensive Guide

Contractor Connection

Temporary housing is a critical, yet often underappreciated, facet of the insurance and property management industries. It’s not just about a temporary place to stay; it’s about delivering a comprehensive, insurance-friendly solution. Temporary Housing Temporary housing serves as a lifeline when disaster strikes.

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The pros and cons of becoming a subcontractor

Fieldwire

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 be responsible for paying your own taxes and for keeping track of your income and expenses. Your mileage may vary.

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The most important construction KPIs to improve profits and productivity

Lets Build

It’s also a good idea to keep an eye on the project’s: Number of defects Time to fix defects Rework rate and cost Punch list completion rate More to read: Construction quality management 101: Everything you should know 2. Investing in health and safety lowers the frequency of unexpected costs, like expensive insurance payments and lost time.

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The most important construction KPIs to improve profits and productivity

Lets Build

It’s also a good idea to keep an eye on the project’s: Number of defects Time to fix defects Rework rate and cost Punch list completion rate More to read: Construction quality management 101: Everything you should know 2. Investing in health and safety lowers the frequency of unexpected costs, like expensive insurance payments and lost time.

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Obtaining the Proper Bonding for Government Jobs

Construction Business Owner

MANAGEMENT |. INSURANCE |. General Management. People Management. Equipment Management. In a way, a surety bond is like insurance; it is a three-part agreement between the contractor, the organization requiring the bond (e.g. Better Project Management through Better Communication. document management.

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