Contingency planning is a critical, yet often neglected aspect of protecting a business. Neglecting to thoroughly prepare for the unexpected exposes companies and individual owners to the risks of financial losses, legal conflicts or even business failure.
In an HVAC small business environment, a company with the initiative to provide safety training for its employees—training that not only raises awareness for safe work practices but ensures them—protects itself by lessening the chances that an accident will occur.
Industrial contractors are certainly no slackers when it comes to safety but, lately, a seismic shift in thinking has occurred that could revolutionize the market.
When critical path activities are delayed by the owner (or another party), contractors will sometimes “pace,” or slow down, other activities to match the owner-caused delay. What should contractors do to preserve their rights to obtain more than a simple time extension?
