Ready to Respond? Contractors' Best Practices for Performance Bond Claim Preparedness
- Claims, Insurance, Risk Management
- April 23, 2024
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Small Business Guide: Financial Crisis Management for Subcontractors0
- Cash Management, FINANCE, Risk Management
- October 24, 2023
By Patrick Hogan, handle.com Running a construction business is no small feat, and the challenges of operating in this industry are well-known. From financial fluctuations to regulatory hurdles, these challenges make subcontractors some of the toughest business people in any industry. For every issue, of course, there’s a long history of subcontractors learning lessons and
READ MOREProtecting Your Business: 8 Contractual Risk Areas for Subcontractors0
- Contracts, Risk Management
- October 24, 2023
Claire Wilson, Head of Construction, Siteline The construction industry is no stranger to unexpected challenges. From unpredictable weather conditions to supply chain issues to workforce shortages, there is no limit to what can impact a project’s timelines and scope. To mitigate these risks—and reduce your chances of encountering delays, cash flow issues, and disputes—a construction
READ MORENatural Disaster Resource Guide0
- Insurance, Outlook & Trends, Risk Management, Safety
- September 26, 2023
September marks the beginning of National Preparedness Month, a nationwide campaign to increase awareness about disaster preparedness. According to the National Oceanic and Atmospheric Administration (NOAA), there were 18 weather/climate disasters in 2022 with losses exceeding $1 billion. While late summer often brings hurricanes, we know that wildfires, earthquakes, floods, and other natural disasters can
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National Preparedness Month – Financial Do’s0
- Best Practices, Risk Management, Safety
- September 25, 2023
September is National Preparedness Month and with the peak of hurricane season just ahead, the Internal Revenue Service reminds taxpayers to develop an emergency preparedness plan or, if they already have one, to update it for 2023. Per the IRS, taxpayers can begin getting ready for a disaster with a preparedness plan that includes securing
READ MORECrucial Steps to Succeed on Claims0
- Insurance, Legally Speaking, Risk Management
- July 24, 2023
By Timothy J. Woolford, Woolford Kanfer Law, P.C. Properly preparing and submitting construction claims is among the most important aspects of managing a construction project. Succeeding in your claim(s) can be the difference between a profitable project and one that loses money. Generally speaking, a claim is the assertion of a right to additional compensation
READ MORELet’s Have an Honest Conversation About Subcontracts0
- Contracts, Legally Speaking, Risk Management
- May 22, 2023
By Karalynn Cromeens, Cromeens Law Firm, PLLC I remember the first subcontract I ever read as a baby attorney. My exact thoughts were this thing is so bad you are better off burning it than trying to fix it. It was so one-sided in the general contractor’s favor that it would be easier to start
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About FASA
To educate and equip subcontractors and suppliers with the knowledge and resources they need to thrive in the construction industry. Additionally, FASA raises awareness about issues critical to and about construction in the United States.
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