2018 Cyber Risk Outlook: What Construction Executives Need to Know
Unless the world stops using computers, cyber crime will continue to increase in the coming years.
The Importance of Having the ‘Right’ Attorney on a Contractor’s Expansion Team
Before expanding, contractors should consult a qualified and experienced attorney to provide valuable insight and limit exposure, risk and liability.
Five Construction Problem Areas That Decrease Profits
By making sure business aspects such as fleet management, safety, estimating and supply chain management are running smoothly, contractors can increase profits and improve business operations.
Managing Financial Risk for Subcontractors
The further a participant is from the parties with the money, the more financial risk they take. To mitigate this risk, be prepared to send preliminary notices, read the contract, check the customer’s credit and ability to pay, and have a consistent and effective risk policy.
Pursuing Business With ‘Risky’ Accounts
Companies that are reluctant to extend credit due to a limited appetite for risk are likely evaluating the problem without considering the factors in their favor. The protections against nonpayment available to parties in the construction industry make the decision to pursue business with traditionally “risky” parties much easier.
Five Ways to Combat Employee Theft in the Construction Industry
All businesses are susceptible to employee theft even with background checks and other means of ensuring a quality workforce. Most employees who steal are first-time offenders with a clean employment history. Talk to an insurance broker to be sure there is proper coverage and prevention mechanisms to minimize risk in the construction business.
Financial Statement Red Flags to Detect Internal Theft: Construction Contractors Can Minimize Financial Damage by Recognizing Fraud
Financial statement fraud is a real threat to businesses large and small across all industries. The first line of defense against these criminal activities is the implementation of systems, policies and controls intended to safeguard an organization and deter fraud or stop it in its tracks at the first sign of detection.
Construction Site Security: Protect Employees, the Public, Property, Assets and the Bottom Line
A construction site is full of hazards to employees and the general public. An unsecured site is an invitation to theft of material and equipment. Contractors with a site security program in place will see a dramatic reduction in vandalism, theft of materials and property, damage to property and potential liability exposure due to injuries to trespassers.
