Risk Management Archives - Page 4 of 14

Are We Ever Going to Do Something About Slow Payments?0

The ASA Metro Washington Chapter joined forces with the National Association of Minority Contractors, DMV (District/Maryland/Virginia) Chapter and the Metro DC Hispanic Contractors Association to formulate a short paper that explains the issues and what can be done. Subcontractors in the construction industry are often expected to shoulder the financial burden of construction projects, acting

Tame Tariff Turmoil – 6 Contract Clauses to Mitigate Risk 0

By Shoshana Rothman, Merchants Bonding Tariffs on construction materials mean contractors likely face increased costs and availability issues that could disrupt project budgets and timelines. A trusted surety partner can help tame the turmoil that tariffs can impose by providing expert guidance on contracts. Contracts are an important way to proactively safeguard clients’ projects; reviewing

Aiming To Be a Best-In-Class Contractor? Start By Looking at a Supplemental Application 0

By William Burke, Risk Strategies Company An insurance supplemental application is dreaded by agents and contractors alike. Most people involved with commercial insurance placements have completed a “supp app” as many call them. They are long, confusing, required and therefore synonymous with ‘punishment’. But for contractors wise enough to take a step back, they offer

Survival Strategies for Small Subcontractors in a Big-Project World 0
- Best Practices, Insurance, Risk Management
- February 25, 2025
By Patrick Hogan, handle.com Small subcontractors face a unique challenge in large commercial construction projects—big opportunities come with big risks. Long payment cycles, retainage withholding, and contract terms designed to protect general contractors and developers can make cash flow unpredictable. Without a solid strategy for managing payments, small businesses can quickly find themselves struggling to
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The Tax Cuts and Jobs Act is Riding into the Sunset: Here’s How to Prepare 0
- Risk Management, Taxes
- January 28, 2025
By Travis Klein, Ellin & Tucker THE TAX CUTS and Jobs Act (TCJA) of 2017 marked a significant shift in U.S. tax policy, introducing a range of changes aimed at stimulating economic growth and corporate investment. The landmark legislation included a whole host of provisions and significant changes to existing tax policies, including a corporate
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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