Remove Industrial Remove Insurance Remove Legal Remove Profitability
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Subcontractor Default Insurance: Pros & Cons for General Contractors

Levelset

Construction is a risky business, with among the highest rates of failure of any industry. 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.

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The Role of Construction Software Technology in Mitigating Risk

Viewpoint Construction Technology

If you do a little digging, you may notice that many industries utilise development and maintenance processes that are often repetitive and standardised across the scope of their operations. Technical and Legal and Compliance Issues. Conflicts and other project risks can delay work and negatively impact bottom lines. Process Issues.

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Construction Business Owner Blogs

Construction Business Owner

INSURANCE |. Industry News. Industry Statistics. This, after all, is the foundation of the insurance industry. And risk can be a profit center, since insurance companies obviously make money. So what do construction and insurance companies have in common? STRATEGY |. MANAGEMENT |. ACCOUNTING |.

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Construction Business Owner Blogs

Construction Business Owner

INSURANCE |. Industry News. Industry Statistics. Healthy Competition » Free Webinar on Reducing Profit Fade. The buzz at this year’s ConExpo-ConAgg certainly indicated that this is a hopeful time for the construction industry, or at least a time of cautious optimism. STRATEGY |. MANAGEMENT |.

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Estimating- The New Normal

Chianelli Estimating

Construction is resuming but the effects of COVID-19 has drastically altered the industry’s mode of operations forever. COVID-19 isn’t the same type of work-related hazard the industry is accustomed to. Indirect costs can come in various ways and can add up in a hurry vastly cutting into profit. Legal expense.

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Construction Business Owner Blogs

Construction Business Owner

INSURANCE |. Industry News. Industry Statistics. Customer Collaboration & Construction Software » Staying Focused in the Fight Against Profit Fade. There’s a name for these situations: “profit fade.” The profit you calculate when bidding a job can fluctuate dramatically as work progresses.

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Regulations (or none) and construction marketing: Looking beneath the surface

Construction Marketing Ideas

Should someone I know well (an 18-year-old) sign a legal waiver document before going to work on a residential renovation site? The individual here is young adult and legally can make his own decisions. I told him, however, that he should not sign any legal waivers here. No wonder this industry has so many problems.