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.
The Availability of Contractual Defenses to Sureties in Miller Act Payment Bond Claims
A federal court's ruling in favor of a subcontractor’s delay claim, despite no damage for delay language in the subcontract, presents a potentially potent weapon for unpaid subcontractors and prime contractors.
Four Safeguards for Material and Labor Price Variability
While predicting the future is impossible, there are steps contractors can take to minimize the risk of increasing construction input prices. The key is to recognize the potential for price variability before commitments are made.
