Risk Management Archives

Project Claims – How to Avoid Pitfalls That Could Sink Your Project 0
- Best Practices, Risk Management
- November 26, 2024
By Michael Metz-Topodas, Saul Ewing LLP Few construction projects go as planned because of the many inherent potential problems any project has: defective work, unforeseen site conditions, design errors, and unpaid performance, to name a few. Each such setback has monetary consequences for either the contractor, who ends up doing more work, or the owner,READ MORE
How Proper Lien Waiver Management Reduces Payment Claims 0
- 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
WIP Reports Speak Volumes: What Does Yours Say to a Surety?0
- Documentation, Improving Productivity, Payment, Risk Management
- November 26, 2024
By Merchants Bonding Company A construction company’s work-in-progress (WIP) report speaks volumes about an organization’s competence and financial stability. What should a WIP say, especially to the surety using it to extend surety credit? WHY WIP? For top construction companies, WIP reports are a best practice. Used correctly, they can be a powerful risk managementREAD MORE

An Ounce of Prevention is Worth a Pound of Cure: Prepare for Success on Your Construction Projects 0

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

Looking Ahead: Optimizing Credit Applications for a Smoother 2025 0

By Patrick Hogan, handle.com With Q4 upon us and the following year just around the corner, keeping a close eye on how credit is extended and managed will be vital to setting up for success. Subcontractors must stay on top of their credit management practices to protect cash flow and keep things running smoothly. At

Digital Safety in Construction: A Priority for Modern Contractors 0

By Patrick Hogan, handle.com Safety in construction extends beyond physical hazards. With the increasing reliance on digital tools and technology, safeguarding a company’s data is critical. As cyber threats and poor digital security can lead to data breaches and operational disruptions, protecting digital assets has become as essential as ensuring physical safety on the

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Risk Management

Project Claims – How to Avoid Pitfalls That Could Sink Your Project 0

How Proper Lien Waiver Management Reduces Payment Claims 0

WIP Reports Speak Volumes: What Does Yours Say to a Surety?0

An Ounce of Prevention is Worth a Pound of Cure: Prepare for Success on Your Construction Projects 0

Looking Ahead: Optimizing Credit Applications for a Smoother 2025 0

Digital Safety in Construction: A Priority for Modern Contractors 0

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Latest Posts

Project Claims – How to Avoid Pitfalls That Could Sink Your Project

How Proper Lien Waiver Management Reduces Payment Claims

WIP Reports Speak Volumes: What Does Yours Say to a Surety?

An Ounce of Prevention is Worth a Pound of Cure: Prepare for Success on Your Construction Projects

Looking Ahead: Optimizing Credit Applications for a Smoother 2025

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