Business Risk

Three Mistakes That Lose Money and Slow Payment—And How to Avoid Them

by Nate Budde | Oct 21, 2019
Business | Business Risk | Finance

Three mistakes that increase financial risk and kill construction company finances are not sending or requesting payment notice, overly complex paperwork and failure to communicate.

Complying With Data Breach Regulations in the Construction Industry

While advancements in technology have created opportunities in construction, they opened the door for cybercrime. No one is safe from hackers, so establish policies and procedures to be prepared when it matters.

Prepare for the Advantages and Risks of 5G Technology in Construction

5G will bring significant improvements to productivity, collaboration and safety, and construction pros would be wise to start thinking about how they can lay the groundwork to deploy these advanced solutions and drive innovation in their future projects.

Avoid Payment Bond Claims With These Six Tips

Payment bond claims are one of the most common, costliest and potentially most disruptive actions that can be brought against a contractor.

Achieve the Best Possible Coverage Rates and Terms With Comprehensive Risk Profiles

Managing growth with a balanced view of a firm’s own talent and core service structure helps a best-in-class contractor avoid professional liability claims.

Payment Bonds on a Private Construction Project

Payment bonds aren’t just for public projects. Private owners can mitigate risk and protect subcontractors and suppliers on the project.

Design-Build Trends, Challenges and Risk Mitigation

Design-build contractors with contractual responsibility for design and construction need strong contractual language and insurance programs to minimize risk exposures.

Pricing Risk in (and Out of) Construction Projects

Failure to trace the risk from the estimate through the turnover and startup phase of a project can lead to confusion, and worse yet, a failure by the project team to mitigate a risk identified at the estimate stage.

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Three Mistakes That Lose Money and Slow Payment—And How to Avoid Them

Complying With Data Breach Regulations in the Construction Industry

Prepare for the Advantages and Risks of 5G Technology in Construction

Avoid Payment Bond Claims With These Six Tips

Achieve the Best Possible Coverage Rates and Terms With Comprehensive Risk Profiles

Payment Bonds on a Private Construction Project

Design-Build Trends, Challenges and Risk Mitigation

Pricing Risk in (and Out of) Construction Projects

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