Ready to Respond? Contractors' Best Practices for Performance Bond Claim Preparedness
- Claims, Insurance, Risk Management
- April 23, 2024
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Cover All Bases: Payment Protection Regardless of Political Season0
- FINANCE, Outlook & Trends, Payment, Risk Management
- December 20, 2022
By 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 MOREStayin’ Alive: How to Preserve a Project’s Profitability by Combatting Price Escalation0
- FINANCE, Legally Speaking, Outlook & Trends, Payment, Risk Management
- November 22, 2022
By 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
READ MORESimple Things You Can Do to Lower Your Experience Modification Rate1
- Best Practices, Improving Productivity, Risk Management
- October 24, 2022
By Robert Tuman, CCR Safety Consulting In my almost 40 years as a risk manager and safety consultant, I was privileged to work with contractors who over time succeeded in lowering their experience modification rates, resulting in lower workers’ compensation premiums and more favorable treatment when bidding work. Whether it is right or wrong, owners
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Construction Contracts: How to Leverage them to Drive Efficiency and Save Money0
- Contracts, Improving Productivity, Outlook & Trends, Risk Management
- October 24, 2022
By Dan Broderick, BlackBoiler Apocryphally, the phrase “may you live in interesting times” comes from an ancient Chinese curse. In the words of Sir Austen Chamberlain, politician, and brother of the British Prime Minister, Neville, “The curse has fallen on us…we move from one crisis to another. We suffer one disturbance and shock after another.”
READ MOREWhy Your Team’s Innovation Depends on Interpersonal Risks0
- Best Practices, Improving Productivity, Leadership, Risk Management, Workforce & Professional Development
- October 24, 2022
By Dale Carnegie Staff Key Insights When psychological safety exists, team members are more collaborative and more comfortable taking the interpersonal risks necessary to be innovative and to successfully implement change. Teams that lack trust and psychological safety will struggle to be agile. Creating an environment of psychological safety relies heavily on the soft skills
READ MORE5 Easy-To-Implement Strategies To Reduce Financial Risk in Construction Projects0
- FINANCE, Risk Management
- July 26, 2022
By Patrick Hogan, handle.com The level of financial risk that construction businesses deal with is no joke. For every project, there’s always the possibility that you won’t net a profit or the payments get so delayed that other projects–and ultimately, your bottom line–are negatively affected. This is why more and more construction businesses put immense
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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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