News Briefs: July-August 2021
COVID-19 emergency standard excludes construction, ABC Greater Tennessee academy funding, electronic surety bonding guidelines and more.
Understanding the Eichleay Formula: Recovering Compensation From Project Delays
If a construction project is delayed by the actions of the project owner or another contractor, the delayed contractor has the right to request compensation for the impact of the delay. The most common calculation related to compensation recovery is the Eichleay formula.
How Drone Data Can Deliver Large-Scale Infrastructure Upgrades
For large-scale projects like infrastructure overhauls, time and cost savings amount to massive benefits for the stakeholders involved.
Deloitte Report Shares the ‘Future of Construction’
Deloitte has launched a report, “The Future of Construction: Key Trends Shaping Engineering and Construction,” which discusses advancements in a changing industry.
Joint Ventures…What Did I Agree To?
While joint ventures can be a good way to pursue a project, consider the risks.
Understand and Reduce Operation Costs in Construction
A smart, strategic approach is required for any construction company to reduce operating costs.
Pandemic Magnifies Financial Risk in Construction: What Executives Can Do to Speed up Customer Payments
Managing payments and the paperwork that goes with them is key to ensuring that construction businesses have the funds they need to grow and build their businesses.
Diving Deeper During Tech and Software Evaluations
Before purchasing a new tech solution, find out specifics of the product’s integration roadmap, development method and a realistic implementation timeline.
