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Home » Topic » Business » Business Development

Ten Strategies for Mitigating Liability and Avoiding Construction Disputes

by Jason Herndon, Daniel Knight | Sep 28, 2021
Business | Business Development | Contracts | Project Management | Risk Management

Construction professionals can plan and prepare for potential disputes in advance. Here are 10 tips all construction professionals should consider to mitigate their liability in the event a dispute later arises.

The Best Cash-Flow Fixes Come Before the Project Starts

by Matt Viator | Sep 28, 2021
Accounting | Business | Business Development | Contracts | Finance | Project Delivery | Project Management

It’s crucial that contractors set themselves up for successful cash flow. Here are some ways contractors can set themselves up for cash flow success before stepping on the jobsite.

Case Study: GAO Confirms Yet Another Benefit of Mentor-Protégé Programs

by George Stewart | Sep 27, 2021
Business Development | Markets

If a contractor or trusted subcontractor qualifies for a mentor-protégé program, it is worth considering whether one of these programs is the right choice to use as a tool to bid on and hopefully perform on federal contracts.

Leverage Community Research to Inform Change Before Construction Begins

by Celeste Frye | Sep 22, 2021
Business Development | Markets | Project Management

Undertaking community research is a big task, but also essential to a successful construction project. As contractors conduct this work, maintain a commitment to prioritize mutual respect and trust with the community.

Collaboration Reduces Risk, Protects Against Rising Costs and Labor Shortages

by Cameron Page | Sep 21, 2021
Business | Business Development | Finance | Project Delivery | Project Management

Construction is constantly changing, leaving contractors at risk of cost overruns caused by rising costs, labor shortages and supply chain issues. These risks can be reduced through measures to secure project costs early, prevent excessive change orders and maintain subcontractor relationships.

Process Digitization: Empowering Employees at the Edge of a Construction Enterprise

by Construction Executive | Sep 14, 2021
Business Development | Careers | Workforce

Whether it means simplifying everyday operations or enabling long-term strategic planning, organizations that can give employees access to accurate, timely and relevant data know what it means to empower every all employees.

Safeguard the Bottom Line as Lumber Prices Rise

by Deb Hilmerson | Sep 14, 2021
Business | Business Development | Economy | Equipment | Finance | Tools

Although contractors may be cautious about spending right now, consider the cost per linear foot of steel safety rail systems is almost equivalent to the cost of building two-by-four safety rails due to the skyrocketing cost of lumber.

Construction Project Certainty Is Taking Off—Just in Time

by Brad Barth | Sep 13, 2021
Business | Business Development | Economy | Finance | Infrastructure | Project Delivery

With $550 billion in new infrastructure spending on the horizon, the construction industry has every reason to feel upbeat about the future, but is it prepared? A recent survey shows the answer is yes.
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