All About the Miller Act: Protections for Subcontractors and Suppliers
The Miller Act requires general contractors to obtain payment bonds so that subcontractors and suppliers are guaranteed payment on federal projects.
Maximizing Contractor Capital for Increased Bonding Capacity
Many factors affect bonding capacity, but contractors have options that can enhance their capital position in order to maximize surety credit.
Pricing Risk in (and Out of) Construction Projects
Failure to trace the risk from the estimate through the turnover and startup phase of a project can lead to confusion, and worse yet, a failure by the project team to mitigate a risk identified at the estimate stage.
No Rest for the Weary: Project Completion Is the Beginning of Litigation
Post-construction litigation mirrors the complexity of the project. Contractors can face construction defect litigation and be served with a Notice of Opportunity to Repair years after project completion.
Construction Fire Safety Practices: What Superintendents Need to Know
Most—if not all—construction fires that have occurred over the last few decades were preventable. Here are some best practices to follow to avoid the risk of fire.
Reassessing Project Safety Oversight
By revisiting and strengthening worksite safety practices, owners, CMs and GCs can avoid costly OSHA penalties and reduce accident-related liability exposures.
Digital Technology Can Resolve Low-Touch Claims in Hours, Not Days
With digital technology, minor claims can be processed faster—sometimes in a matter of hours. But automated claims processing need not come at the expense of personalized service.
Prospect of Controlling Risk Spurs IoT Tech Adoption
The top motivator for adopting IoT technology is the possibility of lowering insurance premiums (67 percent), followed by recovering lost time due to incidents and winning more work because of a strong safety record, according to a new study from Dodge Data & Analytics in partnership with Triax Technologies.
