Business Risk

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.

Risks of a Robust Economy

While it might seem like the right time to grow a business, expanding too fast without a strong plan can be detrimental to the business, its finances and its reputation.

Fidelity Bonds: Protecting Against Employee Fraud

Employee theft can add up to hundreds of thousands of dollars—an average of 5% of a company’s annual revenue, according to the Association of Certified Fraud Examiners. And it’s not just money.

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.

The Business of Construction

Business

Workforce

Culture

Safety

Risk

Legal & Regulatory

Markets

Technology

Equipment

SECTIONS

TOP LISTS

MAGAZINE

RESOURCES

CONSTRUCTION EXECUTIVE

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

Risks of a Robust Economy

Fidelity Bonds: Protecting Against Employee Fraud

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

Related Content

Construction Site Security: Protect Employees, the Public, Property, Assets and the Bottom Line

A Potential Gap in Indemnity Coverage

Financial Statement Red Flags to Detect Internal Theft: Construction Contractors Can Minimize Financial Damage by Recognizing Fraud

It’s Time to Talk About Occupational Fraud

Sections

Top Lists

Magazine

Resources

Construction Executive