Business Risk

Sharing Fault: Architects and Contractors on the Line

by Patrick Barthet | Feb 4, 2021
Business | Business Development | Business Risk

In a number of jurisdictions, an architect can be held liable to a contractor if that contractor is damaged by the architect’s negligence. This is true even if the contractor and architect have no contractual relationship.

Contractors on Private Projects Also Need Bonding

Surety bonds can protect private construction project owners from contractor default, but general contractors should consider them as protection against subcontractor default.

A Solid Foundation: The Importance of Business Structure and Stability During Times of Uncertainty

by John Burns | Sep 22, 2020
Business | Business Risk | Risk | Risk Management

An operating or shareholder agreement is essential in the event of business interruption, departure and dissolution, or death. Not having one can result devasting wake of destructive litigation.

Don’t Be a Casualty of the COVID-19 Recession

Understanding cash needs, making cuts for efficiency, focusing on the best projects and protecting lien and bond claim rights can help contractors fend off the recession’s financial risk.

Addressing Cash Flow and Credit Impacts Related to COVID-19

Financial planning and projections will ensure a contractor’s compliance with banking requirements, maximize surety credit, as well as ensure growth and stability for future projects and profits.

Four Qualities Lenders Look for in General Contractors When Assessing Construction Risk

by Scott A. Cameron | Mar 25, 2020
Business | Business Risk | Risk | Risk Management

There are four essential qualities lenders look for in general contractors when assessing risk in construction projects: document accuracy, responsiveness to questions, honesty and focus on area of expertise.

Coronavirus and the Construction Industry: How to Handle an Inevitable Delay

COVID-19 may affect construction materials and labor. Now’s the time to check contract language and supplier agreements for force majeure clauses, and develop a plan in the event of a labor shortage.

Five Construction Machinery Innovations That Impact ROI

by Holly Welles | Feb 26, 2020
Business | Business Risk | Equipment | Heavy Equipment

While early versions of some inventions may have been questionable, current improvements made them reliable, safe investments. Five specific innovations that could represent a positive return on investment are hybridization, biofuels, automation, the "internet of things" and drones.

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Sharing Fault: Architects and Contractors on the Line

Contractors on Private Projects Also Need Bonding

A Solid Foundation: The Importance of Business Structure and Stability During Times of Uncertainty

Don’t Be a Casualty of the COVID-19 Recession

Addressing Cash Flow and Credit Impacts Related to COVID-19

Four Qualities Lenders Look for in General Contractors When Assessing Construction Risk

Coronavirus and the Construction Industry: How to Handle an Inevitable Delay

Five Construction Machinery Innovations That Impact ROI

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