Ready to Respond? Contractors' Best Practices for Performance Bond Claim Preparedness
- Claims, Insurance, Risk Management
- April 23, 2024
ASA Foundation
News | Education | Information | Awareness
Claims
- Home
- Claims
Project Claims – How to Avoid Pitfalls That Could Sink Your Project0
- Best Practices, Claims
- November 26, 2024
How Proper Lien Waiver Management Reduces Payment Claims0
- Cash Management, Claims, FINANCE, Improving Productivity, Payment, Risk Management
- November 26, 2024
By Patrick Hogan, handle.com Payment disputes are one of the most frustrating roadblocks on any project. They slow down cash flow, create unnecessary tension within the project, and often escalate into formal claims that consume time and resources. Fortunately, many of these disputes are avoidable. Effective lien waiver management—done with clarity and consistency—ensures all parties
READ MORE
Prompt Claims Reporting0
- Claims, FINANCE, Improving Productivity, Insurance
- November 26, 2024
By Builders Mutual Your insurance premium isn’t just another bill to pay each month. Your coverage is an important part of your business toolbox, helping to take care of injured workers, repair or replace damaged equipment, provide financial protection, and much more. Prompt claims reporting is important for speedy action if an incident does occur and
READ MORE
An Ounce of Prevention is Worth a Pound of Cure: Prepare for Success on Your Construction Projects0
- Claims, Contracts, Payment, Risk Management
- November 26, 2024
By: Jim Sienicki and Christian Fernandez, Snell & Wilmer L.L.P. An ounce of prevention is worth a pound of cure—a concept subcontractors would be prudent to adopt. Often the best approach a subcontractor can take to prevent or manage claims and disputes on a project is to implement best practices before the dispute arises. This
READ MORE
Ready to Respond? Contractors’ Best Practices for Performance Bond Claim Preparedness0
- Claims, Insurance, Risk Management
- April 23, 2024
By Gina Lockwood, Esq., Merchants Bonding The frequency and severity of claims ebbs and flows, dependent on a variety of economic influences. But whether claims are on the rise or on the decline, contractors should always understand a surety’s claims process, and have the right practices in place to mitigate potential impacts of a claim.
READ MORE
Time Is Money: Key Elements And Considerations For Delay And Disruption Claims0
- Claims
- November 28, 2023
By Jim Sienicki and Christian Fernandez, Snell & Wilmer, L.L.P. Benjamin Franklin coined the phrase “time is money” almost 300 years ago, and it applies perfectly to the construction industry: project delays and disruptions always cost someone money. One of the leading causes of disputes arising from residential and commercial projects are delays and disruptions.
READ MORE
Latest Posts
-
-
-
Prompt Claims Reporting
- Claims, FINANCE, Improving Productivity, Insurance
- November 26, 2024
-
-
Top Authors
-
Matt Zuiderhof
ADMINISTRATOR
-
Mary Klett
ADMINISTRATOR
-
mkline
ADMINISTRATOR
About FASA
To educate and equip subcontractors and suppliers with the knowledge and resources they need to thrive in the construction industry. Additionally, FASA raises awareness about issues critical to and about construction in the United States.
Foundation of the American Subcontractors Association
1004 Duke St.
Alexandria, VA 22314
Contact
tel: 703-684-3450
e: asaoffice@asa-hq.com
Follow us on social media!
Latest Content
-
-
-
A Reflection on 2024, and How EHS Will Evolve in 2025
- Outlook & Trends, Safety
- December 17, 2024
-
© Copyright 2024-2025 - Foundation of the American Subcontractors Association