CONSTRUCTION Archives - Page 7 of 7

Aiming To Be a Best-In-Class Contractor? Start By Looking at a Supplemental Application 0

By William Burke, Risk Strategies Company An insurance supplemental application is dreaded by agents and contractors alike. Most people involved with commercial insurance placements have completed a “supp app” as many call them. They are long, confusing, required and therefore synonymous with ‘punishment’. But for contractors wise enough to take a step back, they offer

Social Media News You Can Use 0

Community Notes Feature Now Rolling Out on Threads For those on Threads, and who want to grow their influence, Meta has activated the Community Notes feature on Threads. To add a note, tap the three dots on any post and select “Write Community Note.” Notes remain anonymous and appear on posts if they’re rated helpful

New Year, New Numbers: Mastering Cash Flow with Prompt Payment Laws 0
- CONSTRUCTION
- January 28, 2025
By Karalynn Cromeens, Cromeens Law Firm PLLC For subcontractors, managing cash flow is one of the most pressing challenges in the construction industry. The unpredictable nature of payments, coupled with disputes and delays, can often create financial strain that impacts not only ongoing projects but also the very foundation of a business. However, there is
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Streamlining Payment Processes in Construction: Enhancing Efficiency and Transparency 0
- CONSTRUCTION, Payment
- December 17, 2024
By Patrick Hogan, handle.com Construction businesses are acutely aware that streamlining business —particularly payments—can lead to faster transactions and, consequently, better bottom line. This is especially crucial in the construction sector where profits are typically slim and payment processes are notoriously slow. Thankfully, the industry is now actively moving toward electronic payment systems, a vital
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Trust But Verify: Prequalifying Project Owners and GCs 0
- CONSTRUCTION
- November 26, 2024
BY Gregory R. Veal, Bovis, Kyle, Burch & Medlin, LLC Much attention is given to qualifying potential surety bond principals, where underwriters examine a contractor or subcontractor’s capital, capacity, and character to determine single and aggregate bonding lines of credit. What about the other party to the bonded contract—the obligee? The project owner may be
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