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
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.
