Not a New Idea, but A New Trend – Employee Stock Ownership Plans
- Documentation
- February 27, 2024
By Benjamin S. Lowenthal, Hendrick, Phillips, Salzman & Siegel, P.C Construction contracting is a high-risk business. For subcontractors, work is performed and the cost of such performance is essentially incurred on an “extended credit” basis – subcontractors do the work first and then get paid (or hope to get paid). A Subcontractor’s economic viability depends
READ MOREby Mark A Cobb, Cobb Law Group The success of a construction claim is almost always based upon the quality of the documentation provided. Documentation, in this sense, is generally written, photographic, or recorded evidence that supports a subcontractor’s claim. Conversely, proper documentation may be very successful in defeating a claim against another project participant.
READ MOREBy Gary R. Semmer, Assured Partners Great question! There has been a lot of debate over the years over how Change Orders (CO) affect your Insurance and Bonding programs. Let’s examine some of the issues, but first let’s look at how ConsensusDocs® and AIA define “Change Orders” in their contract language: ConsensusDocs 200 defines “Change
READ MOREBy Michael Zalle, YellowBird Safety is a critical challenge for employers across the country and construction remains heavily regulated. According to the Occupational Safety and Health Administration (OSHA), in 2020 alone, the three main general safety and health inspections totaled more than 1,300 recorded violations . Each of these violations can cost between $14k and $135k,
READ MOREBy Chad Pearson, Plexxis It’s an ugly truth that most businesses, relationships and company initiatives fail. And poor communication is often the root cause of the failures. But is poor communication the problem or a symptom? Before you answer, consider these 2 facts: Fact 1: Google ‘improve communication skills’ and you’ll find over 1.1 BILLION results
READ MOREBy Jessica Meno, Raken In construction, keeping a project on track (and your customers happy) is easier said than done. However, increasing your project visibility can help you make more informed decisions along the way. One of the best ways to do so? Photo documentation. Photos let you see how teams are following safety protocols
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