Current Challenges Facing Commercial Construction Projects
Shortages of computer chips, delivery drivers and petrochemical products are causing major delays and increasing costs on construction projects.
Shift Risk of Materials Price Increases With Price Escalation Clauses
Who bears the responsibility for increases in materials costs—the owner, contractor or subcontractors—and what can be done to shift the risk going forward?
Understanding Builder’s Risk Insurance Coverages and Exclusions
Builder’s risk insurance can help protect buildings under construction. Contractors should check conditions and exclusions to understand what is and isn’t covered.
Tips to Identify and Mitigate Risks on Construction Sites
Risk identification and risk-mitigating strategies will help keep the job running safely, smoothly and effectively. Worker safety should always be the first priority.
SFAA and NASBP Revise Electronic Surety Bonding Guidelines
The Surety & Fidelity Association of America and the National Association of Surety Bond Producers have jointly issued revised guidelines on electronic surety bonding and digital signature best practices.
The Best Laid Plans: Contingency in a Construction Contract
Having contingency funds set aside to cover the unexpected allow projects to continue more efficiently.
A Construction Executive’s Personal Liability for Employment Decisions
Liability for negligent hiring, supervision and retention of employees is a risk for tort claims. Fortunately, the risk can be mitigated by best practices and losses can be covered by insurance.
The Bricks and Mortar of a Commercial General Liability Policy
A commercial general liability policy provides general liability protection, but it does not cover all potential losses. Contractors should understand what is and what is not covered before certain claims are denied.
