Risk

Coronavirus and the Construction Industry: How to Handle an Inevitable Delay

by J.P. Vogel, Vernon Howerton | Mar 10, 2020
Business | Business Risk | Contracts | Economy | Legal and Regulatory | Manufacturing | Markets | Risk | Risk Management

COVID-19 may affect construction materials and labor. Now’s the time to check contract language and supplier agreements for force majeure clauses, and develop a plan in the event of a labor shortage.

Now’s the Time to Evaluate Surety Bonds vs. SDI Risk Management Tools

by Craig Tappel | Mar 10, 2020
Insurance | Risk | Risk Management | Surety Bonding

Subcontractor Default Insurance has grown into a competitive market, which gives contractors more options and has kept pricing and terms attractive for those with positive loss experiences.

Contract Provisions That Help Manage Risk on Long-Term Projects

by Jason Lambert | Mar 10, 2020
Contracts | Legal and Regulatory | Risk | Risk Management

There are contractual provisions that can provide clear guidance in the face of many “what ifs” in construction, such as cost increases or delays caused by the owner or outside events.

Is It Time to Get Rid of Retainage?

by David K. Taylor | Mar 8, 2020
Departments | Risk | Risk Management

While retainage has been part of the construction industry for decades, its concept, use (and abuse) have been under more discussion during the past 10 years.The question is very simple: Is it time for retainage to go?

Demystifying the Surety Industry’s Expedited Dispute Resolution Bond

by Philip L. Bruner, Patricia H. Thompson | Mar 4, 2020
Dispute Resolution | Legal and Regulatory | Risk | Risk Management | Surety Bonding

An EDR bond expedites dispute resolution between parties to the bond as to the surety’s obligation for project completion when a contractor defaults.

Allocating Responsibility and Damage Costs in Multi-Party Construction Disputes

by Gary L Keene, Michael S Klimas, John C Jahreis | Feb 26, 2020
Contracts | Dispute Resolution | Insurance | Legal and Regulatory | Regulations | Risk | Risk Management | Safety

In construction defect disputes, there is little consensus on how to allocate responsibility and costs to implicated parties.

Top Issues and Trends for Construction Contractors to Watch in 2020

by Danette Beck | Feb 25, 2020
Cybersecurity | Economy | Insurance | Risk Management | Safety

Market issues, such as labor shortages, trade tariffs and severe weather events, can affect profits and hamper contractors’ ability to control risk.

Trust but Verify: Why Cybersecurity Is Important for Construction Contractors

by Robert Coro | Feb 25, 2020
Cybersecurity | Risk Management | Safety

Educating staff and taking precautions to prevent cybersecurity attacks is essential. Trust but verify.

An abstract, upward-angle view of a modern high-rise facade with teal and magenta-toned glass and metal panels converging toward a bright, cloudy sky.”

Bond Check: Negotiation Tactics for Assessing Commercial Risk

A small figure of a stressed man in a shirt and tie with a scribbled cloud above his head, surrounded by dark shark fins on a bright blue background.

The Hidden Impact of Working Alone: Connecting Safety and Wellbeing in Construction

A security guard in a yellow hard hat and high-visibility vest marked "Security" overseeing an active construction jobsite with cranes and heavy equipment at sunset.

Jobsite Security: The Core Equipment Needed to Secure Isolated Projects

Why Construction Firms Need Better Inspection History, Not Just More Project Data

From Cleanup to Compliance: How Contractors Manage Jobsite Waste Regulations

arbitration for construction disputes

Arbitration in Construction Disputes: Process and Best Practices