Single Post Template - Page 14 of 103

Prompt Claims Reporting 0
- Claims, FINANCE, Improving Productivity, Insurance
- November 26, 2024
By Builders Mutual Your insurance premium isn’t just another bill to pay each month. Your coverage is an important part of your business toolbox, helping to take care of injured workers, repair or replace damaged equipment, provide financial protection, and much more. Prompt claims reporting is important for speedy action if an incident does occur and
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Trust But Verify: Prequalifying Project Owners and GCs 0
- CONSTRUCTION
- November 26, 2024
BY Gregory R. Veal, Bovis, Kyle, Burch & Medlin, LLC Much attention is given to qualifying potential surety bond principals, where underwriters examine a contractor or subcontractor’s capital, capacity, and character to determine single and aggregate bonding lines of credit. What about the other party to the bonded contract—the obligee? The project owner may be
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WIP Reports Speak Volumes: What Does Yours Say to a Surety?0
- Documentation, Improving Productivity, Payment, Risk Management
- November 26, 2024
By Merchants Bonding Company A construction company’s work-in-progress (WIP) report speaks volumes about an organization’s competence and financial stability. What should a WIP say, especially to the surety using it to extend surety credit? WHY WIP? For top construction companies, WIP reports are a best practice. Used correctly, they can be a powerful risk managementREAD MORE

An Ounce of Prevention is Worth a Pound of Cure: Prepare for Success on Your Construction Projects 0
- Claims, Contracts, Payment, Risk Management
- November 26, 2024
By: Jim Sienicki and Christian Fernandez, Snell & Wilmer L.L.P. An ounce of prevention is worth a pound of cure—a concept subcontractors would be prudent to adopt. Often the best approach a subcontractor can take to prevent or manage claims and disputes on a project is to implement best practices before the dispute arises. This
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Dates & Figs – November 2024 0
- Dates & Figs
- November 26, 2024
The U.S. Census Bureau announced the following value put in place construction statistics for September 2024: Total Construction Construction spending during September 2024 was estimated at a seasonally adjusted annual rate of $2,148.8 billion, 0.1 percent (±1.0 percent)* above the revised August estimate of $2,146.0 billion. The September figure is 4.6 percent (±1.6 percent) above
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A Heartfelt Thanks: The Power of Showing Gratitude to Others 0
- Always Something Awesome
- November 26, 2024
A simple “Thank You” can go a long way, and the Mississippi chapter of the ASA is leading by example, showing deep appreciation for their legislative supporters. Each year ASA of Mississippi’s annual Political Action Committee (PAC) dinner is a highly anticipated event, dedicated to honoring State Legislators who champion the chapter’s goals and objectives.
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