Risk

Construction insurance premiums have surged in recent years due to larger project sizes and rising labor and material costs. The insurance industry is responding to fluctuations in construction expenses—including inflation, changes in building requirements and shortages of skille...

The renovation of historic and unique buildings is both a labor of love and a huge responsibility. Rich in stories and architectural beauty, these structures link communities to their past. However, giving new life to these iconic buildings through renovation projects can place t...

The highest-profile performers need extra security to do their jobs—and so do the buildings in which they perform. Those extra security measures are often taken before the venue is even built and carried out long after the artist has left the building. When security and construct...

Anyone connected to the construction industry understands the importance of critical-path method scheduling. CPM schedules help identify the activities required to complete a project, as well as help determine critical activities that absolutely can’t be delayed. As a contractor...

As the world is taken by storm—literally, with increasing hurricanes, tornadoes, wildfires and more—insuring construction projects and infrastructure is becoming more complicated yet more necessary. Sean Pender, senior vice president of construction and development at CAC Special...

Surety bonds have played a crucial role in public and private infrastructure development for nearly a century and continue to adapt to the evolving needs of the construction industry. According to an Ernst & Young report titled “The Economic Value of Surety Bonds,” surety bonds o...

For construction contractors, securing surety bonds is not merely a formality, but a critical aspect of business operations. Surety bonds serve as financial guarantees that contractors will fulfill their contractual obligations, providing assurance to project owners and stakehold...

IN AN UNCERTAIN ECONOMY, WHY IS IT IMPORTANT FOR CONTRACTORS TO INCREASE THEIR CAPITALIZATION IN ORDER TO MAINTAIN SURETY CREDIT? Brock Masterson COO – Surety Division Crum & Forster Surety Division Even the best contractors can’t foresee every challenge throughout the life cy...

The construction landscape is changing daily, bringing new challenges for contractors—including dealing with new competition, taking on work in new markets, and navigating supply-chain issues, labor shortages and more. Companies who succeed in this competitive environment must th...

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 ...