Business Risk

WASHINGTON, Oct. 29—The construction industry had 288,000 job openings on the last day of September, according to an Associated Builders and Contractors analysis of data from the U.S. Bureau of Labor Statistics’ Job Openings and Labor Turnover Survey. JOLTS defines a job opening ...

While legal considerations are often the last thing on the minds of project owners and contractors during an emergency, construction industry stakeholders should bear in mind the impact of natural disasters on their legal rights, remedies and potential exposure to claims. For al...

David owns a business in North Carolina and has won a contract for work in Missouri. The contract requires three of his employees to be in Missouri for a month. If one of those employees is injured while in Missouri for work, will his workers’ comp policy cover the injury? It’s ...

More than two feet of rain drenching Fort Lauderdale in a day, baseball-sized hail chunks falling on Minneapolis and the deadliest wildfire in more than a century destroying more than 2,100 acres of Maui—2023 was a stark reminder that Mother Nature is a force to be reckoned with....

WASHINGTON, Aug. 13—Associated Builders and Contractors reported today that its Construction Backlog Indicator held steady at 8.4 months in July, according to an ABC member survey conducted July 22 to Aug. 6. The reading is down 0.9 months from July 2023. View ABC’s Construction...

Managing expenses can be a challenge for any field-service company, and construction companies can be particularly susceptible to inefficiencies and waste. Variable costs for materials, management of labor and subcontractors, managing cash flow and adhering to budgets over long p...

It's no secret that fluctuating labor shortages and supply-chain delays can present business challenges for contractors. Construction company leaders must think proactively about future operational interruptions. Speeding into the second half of 2024, labor shortages, the supply ...

The day before Construction Executive’s interview with Colby Whitfield, AT&T preemptively proved his point. We were scheduled to talk to Whitfield, assistant vice president of risk control at Travelers, on Feb. 23 about the importance of planning for business continuity—maintaini...

In my 20-year FBI career, I faced off against gang members, drug traffickers, international terrorists, cybercriminals and corrupt politicians. It was fulfilling work, even though I knew there would always be more criminals and my job would never be done. I enjoyed taking small s...

While the punch list to complete a construction project may seem long, the truth of the matter is that the punch list for protecting that project from fraud may be much longer and more complex. According to the Association of Certified Fraud Examiners’ “Occupational Fraud 2022: A...