As construction becomes more complicated and project participants have no direct contractual relationship with others on the project, there is an element of fear (and risk) that leads to overly complicated contracts.
Lessons Learned from Hurricane Irma
Hurricane Irma proved that buildings constructed to high wind design guidance performed well and provided critical performance information of high wind codes and standards.
Modern Technology Is Influencing Construction Safety
The entire construction process is being influenced by technology, including jobsite safety.
Six Tax and Surety Considerations for the New Lease Accounting Standard
Contractors should discuss how changing accounting methods, tax planning and complying with the lease accounting standard will impact current and future surety agreements and debt covenants.
What Did I Agree To?
Carefully scrutinize indemnification language to fully understand obligations and potential exposure in the event of a claim for property damage or personal injury on the jobsite.
Schools Remain Top Priority in Carolinas as Cleanup From Storms Continues
While the construction-related impact of Hurricane Michael is still being assessed, the estimated total property damage from Hurricane Florence is $17 billion to $22 billion.
Manage Rising Construction Fleet Insurance Rates With Technology
As insurance rates rise, invest in tools to prevent loss, such as telematics to monitor driver behavior and safety features such as backing sensors, cameras, and collision mitigation and lane-keeping systems.
SBA Decreases Surety Bond Guarantee Fees
The U.S. Small Business Administration is lowering fees for its Surety Bond Guarantee Program—a positive step for small contractors that want to expand and be competitive in the bidding process.











