6 Ways To Improve Productivity In Construction Using Technology
- Improving Productivity, TECHNOLOGY
- November 28, 2023
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 MOREBy Patrick Hogan, handle.com Payment disputes are one of the most frustrating roadblocks on any project. They slow down cash flow, create unnecessary tension within the project, and often escalate into formal claims that consume time and resources. Fortunately, many of these disputes are avoidable. Effective lien waiver management—done with clarity and consistency—ensures all parties
READ MOREBy Grace Uwizeye-Allen, Graceful Etiquette Preparing with Purpose In public speaking, preparation goes beyond knowing the facts or rehearsing lines. True preparation means understanding your audience so that your message resonates deeply with them. Think of it like tuning an instrument before a performance: it ensures everything aligns perfectly, setting you up for success. Start
READ MOREBy 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
READ MOREBY 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
READ MOREBy 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 management
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