Ready to Respond? Contractors' Best Practices for Performance Bond Claim Preparedness
- Claims, Insurance, Risk Management
- April 23, 2024
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 MOREBy 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
READ MOREBy Patrick Hogan, handle.com More and more women are joining the construction industry and making an impact. Many construction companies see the value of increased hiring and retention of women in the workforce. For a good reason: bringing in people of different experiences and backgrounds always results in a more innovative, creative, and flexible work
READ MOREBy Gary R. Semmer, AssuredPartners The Construction Industry is facing a number of “external” challenges, ranging from materials price inflation, supply chain delays, to labor shortages, that translate into scheduling, productivity and profitability issues. Although you may have no control over these external factors, you can help control your Total Cost of Risk: Total Cost
READ MOREBy Patrick Hogan, handle.com Construction contractors are no strangers to uncertainty, and a split senate and congress can significantly impact the sector. Still, as we wait for changes to laws that govern payments to participants in construction projects, it’s best to be reminded of what bases to cover to protect your payments, regardless of the
READ MOREBy Michael Metz-Topodas, Saul Ewing Despite the pandemic’s wane, the construction industry is still facing price escalation volatility. Finding a path to negotiate contracts in this environment requires understanding how the problem emerged and knowing the full range of solutions and remedies to employ on current and future projects. The Problem COVID-19’s disruptive force continues
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