Ready to Respond? Contractors' Best Practices for Performance Bond Claim Preparedness
- Claims, Insurance, Risk Management
- April 23, 2024
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
READ MORESeptember 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 MOREBy 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
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