Remove Insurance Remove Liability Remove Profitability Remove Resource
article thumbnail

Understanding Design Defect Legal Liability

Construction Business Owner

As construction and design firms are using BIM software and other resources to improve construction efficiency, that integration is only going to increase. Owners, contractors and designers must understand their potential liability for design issues on a project before the project starts.

Liability 183
article thumbnail

The Startup Construction Business Checklist: 3 Important Documents You Need to Have

Construction Marketing

This article outlines three important documents that you’ll need in order to start and run a profitable business. Insurance is perhaps the most important thing to arrange before starting a construction company. There are many different types of insurance in the United Kingdom. Business Plan. Final Thoughts.

professionals

Sign Up for our Newsletter

This site is protected by reCAPTCHA and the Google Privacy Policy and Terms of Service apply.

article thumbnail

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. This establishes a steady stream of business and strengthens their presence in the market.

Housing 40
article thumbnail

Construction Business Owner Blogs

Construction Business Owner

INSURANCE |. Resource Center. 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? Well, consider the business model of the insurance industry.

Risk 120
article thumbnail

PSMJ Resources Blog: Collecting Effective Client Feedback

PSMJ Resources

Increasing a firm’s value to their clients improves client loyalty, referrals, profitability, marketing, staff performance and retention, and reduces liability. PSMJ Resources, Inc. Subscribe To PSMJ Resources, Inc. Importance of Human Resources. About PSMJ Resources. PSMJ Resources, Inc.

article thumbnail

Army Job Order Contracts FAIL to meet AFARS requirements MOST OF THE TIME

Job Order Contracting

But that’s not all, the DoD doesn’t leverage current system thinking and robust, integrated planning, procurement, and project delivery workflows to maximize utilization of resource. JOC unit prices include direct material, labor and equipment costs, but not indirect costs or profits which are addressed in the coefficient(s).

Contract 226
article thumbnail

Construction Business Owner Blogs

Construction Business Owner

INSURANCE |. Resource Center. Committing Intentional Project Communications » Public Exposure and Liability on Construction Sites. A Safety Consultant’s Opinion: After having worked in the safety industry for over 21 years, 14 of which were with 2 major insurance companies. SOFTWARE |. MARKETING |. foundation.