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Home » Topic » Risk

Shift Risk of Materials Price Increases With Price Escalation Clauses

by Christopher Horton, Eugene J. Heady | Aug 24, 2021
Contracts | Legal and Regulatory | Risk Management

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?

Paving the Way to Managing Workers’ Compensation Claim Costs

by Amanda Conley | Aug 24, 2021
Careers | Risk Management | Workforce

A comprehensive light-duty program is a tried-and-true method for controlling workers’ compensation costs. While the construction industry may not generate many inherently light-duty positions, many work restrictions can be accommodated with a little creativity.

Preparing for Another Wave of Construction Project Demand

by Brian Cooper, Jackie Robinson | Aug 24, 2021
Contracts | Legal and Regulatory | Markets | Risk | Risk Management | Safety

As the industry faces labor shortages, supply-chain disruptions and increases in construction demand, a strong team can make a big impact on the bottom line.

Current Challenges Facing Commercial Construction Projects

by Kevin J. Riexinger | Aug 24, 2021
Business | Business Risk | Commercial | Markets | Project Delivery | Risk | Risk Management | Safety

Shortages of computer chips, delivery drivers and petrochemical products are causing major delays and increasing costs on construction projects.

Understanding Builder’s Risk Insurance Coverages and Exclusions

by Erin Rotz | Aug 18, 2021
Insurance | Risk Management | Safety

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

by Zachary Perecman | Aug 18, 2021
OSHA | Risk Management | Safety

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

by Construction Executive | Aug 12, 2021
Legal and Regulatory | Surety Bonding

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

by Josh Levy, Samantha Schacht, Katesha Long | Aug 10, 2021
Contracts | Legal and Regulatory | Risk Management

Having contingency funds set aside to cover the unexpected allow projects to continue more efficiently.
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