Cash Flow Problems Stall Growth for More Than Half of Construction Businesses
Proper budgeting, monitoring payment statuses and maintaining awareness of project developments can help prevent problems.
Subcontractors Beware of Contract Provisions That Waive Rights to Delay Damages
General contractors may ask subcontractors to agree to a form contract with provisions that may result in the subcontractor waiving the right to delay damages.
Navigating OSHA Inspections on a Multi-Employer Worksite
Multi-employer worksites can complicate OSHA compliance and inspections. However, there are ways to minimize the chances of safety problems or legal liability.
The Insured’s Responsibilities in the Event of a Claim
Timely reporting of claims is critically important on all lines of insurance coverage, although terms such as "occurrence" or "time" may not be defined in the policy.
Percentage of Completion or Completed Contract: Which Is Better for Long-Term Contract Tax Reporting?
To make sure tax strategy aligns with business and personal goals, it is vital for contractors to explore their reporting options.
The Expansion of Potential Liability of Construction Managers and Consultants
There is a greater likelihood of lawsuits naming construction managers and consultants as defendants. The consequence of more claims has led to increased costs for legal expenses and settlements.
Strong and Flexible: How Contractors Can Build Practical Medical Marijuana Policies
How can employers develop, implement and enforce medical marijuana policies that ensure a safe workplace without running afoul of employees’ rights?
Risks to Consider When Bidding on a Construction Project
Forward-looking contractors integrate risk management in their bidding process. It involves careful planning of project schedule, realistic budget assessment and systematic mapping of potential obstacles.
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