Ready to Respond? Contractors' Best Practices for Performance Bond Claim Preparedness
- Claims, Insurance, Risk Management
- April 23, 2024
By David Ward, safety consultant Our current generation is all about technology and moving quickly. The next generation will be forced to work in a construction industry that has more dangerous work conditions, due to the potential lack of skilled labor, with those skilled laborers working longer hours, where fatigue may set in. Currently, construction
READ MOREBy Patrick Hogan, CEO, Handle.com When the COVID-19 pandemic significantly crippled the economy, ethical considerations in the construction sector also took a hit. Closures of ongoing construction projects and the economic uncertainty have put many construction companies on a rocky financial foundation. This financial insecurity, among other reasons, may push construction parties to engage in
READ MOREBy Tim Woolford, Esq., Woolford Kanfer Law, P.C. Corporate social responsibility and ethics are more important than ever before, particularly in light of recent events that have garnered national attention this summer. Subcontractors that fail to recognize the importance of being perceived in their communities as socially responsible and ethical will eventually experience damage to
READ MOREBy: Jim Sienicki and Ed Hermes, Snell & Wilmer L.L.P. Delay and disruption claims are always a risk in the best conditions on a construction site. Never more so than during the global pandemic brought about by COVID-19. Since President Trump declared the COVID-19 pandemic a national emergency on March 12, 2020, most contractors, subcontractors,
READ MOREBy Patrick Hogan, CEO, Handle.com Whether you are a small-time contractor or a large construction business owner, there is one thing that holds true: Cash is king. It is not an exaggeration to say that cash is the lifeblood of any business, and this is even more apparent for construction projects. Having a lot of
READ MOREBy Michael Myers, president, southern California region, McCarthy Building Companies, Inc. While the COVID-19 pandemic has forced shutdowns of many global businesses, a coalition of leading critical infrastructure and construction companies has banded together to launch the “NEXT Coalition.” Based on the idea of the “next normal,” the coalition intends to promote and share industry
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