Ready to Respond? Contractors' Best Practices for Performance Bond Claim Preparedness
- Claims, Insurance, Risk Management
- April 23, 2024
By Chad Pearson, Plexxis Software The bad news is struggle will define the next 5 years. The good news is those who excel in struggle will define the next 20 years. Thankfully, top teams who consistently outperform competitors, regardless of the struggles they face, share one common thread we can all learn from in order
READ MOREBy Steve Antill, Foundation Software As the COVID-19 pandemic and its restrictions continue at the start of 2021, the dust is still settling for contractors and the construction industry. Although a stimulus package and recovery could be on the way, in the meantime, contractors’ focus should remain on finishing existing projects while preparing their business
READ MOREDeveloping deeper insight into project performance through analytics By Gregg M. Schoppman, FMI Most projects don’t start off being bad. They begin with the best of intentions but possibly lack the nurturing, caring and planning to be successful. There are also those projects that take a dark turn, but their trajectory provides a false sense
READ MOREBy Patrick Hogan, handle.com Technology has come a long way, and the construction industry has adopted various technological developments increasingly. The use of power tools and heavy equipment, for example, has significantly improved productivity in construction projects. As technology further develops, construction businesses must also keep up to further improve their processes on and off
READ MOREBy Benjamin S. Lowenthal, Hendrick, Phillips, Salzman & Siegel A subcontractor’s reputation is often among its most valuable assets. Embodying a subcontractor’s reputation is its brand. A subcontractor’s brand allows a subcontractor to distinguish itself from competitors, signify the consistent quality of its work, and create important goodwill with contractors, owners, and customers. Given the
READ MOREBy Anirban Basu, Sage Policy Group, Inc. And Then the Problems Mounted At the beginning of the year, the U.S. economy appeared to be an irresistible force. In January, even after an economic expansion that spanned longer than a decade, the economy still managed to create 214,000 new jobs. It followed that month with another
READ MORE