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Home » Topic » Risk

The Availability of Contractual Defenses to Sureties in Miller Act Payment Bond Claims

by Scott D. Cessar | Oct 4, 2018
Dispute Resolution | Legal and Regulatory | Surety Bonding

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

by Vernon Howerton, Tim Fandrey | Oct 4, 2018
Accounting | Business | Project Management | Risk Management

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.

Looking Past the Workers’ Comp Premium

by Patrick Keightley | Sep 24, 2018
Dispute Resolution | Insurance | Legal and Regulatory | OSHA | Risk | Safety | Total Human Health | Workforce

When choosing a workers’ comp carrier, consider costs but don’t overlook how carriers historically handle claims and their reserving practices (how much is set aside to pay claims).

A General Contractor’s Guide to State Surety Bond Thresholds

by Eric Weisbrot | Sep 21, 2018
Legal and Regulatory | Surety Bonding

Here’s a a comprehensive list of the thresholds for general contractors when it comes to staying compliant with license and bond requirements.

The Right Endorsement: Additional Insureds

by Christine Cowan | Sep 20, 2018
Insurance | Risk Management | Safety

Adding other parties as an additional insured on a general liability policy is popular. ISO’s versions of the standard endorsements, CG 20 10 and CG 20 37, are not always advantageous to additional insureds, especially in construction.

The Pros and Cons of Being a Qualified Contractor

by Eric Weisbrot | Sep 18, 2018
Business | Business Development | Surety Bonding

​When the benefits and challenges are weighed against one another, those who have the personal traits and follow the licensing process will be set up for long-term success as a qualified construction contractor.

Beware of Indemnification Clauses

by Stewart C. Levin | Sep 18, 2018
Contracts | Insurance | Law | Legal and Regulatory

A number of options and risk management techniques can be utilized to help mitigate the liabilities inherent in indemnification clauses.

Constructing an RMIS Solution to Meet the Demands of a Growing Construction Industry

by Stephen Ackourey | Sep 14, 2018
Cybersecurity | Data Analytics | Insurance | Jobsite Monitoring | Project Management | Risk | Risk Management | Safety | Technology

With cutting-edge technology becoming more mobile, less expensive and more accessible, the introduction of a risk management information system (RMIS) is becoming a reality.
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