Contractors and their CPAs and sureties should discuss and evaluate their tangible working capital, tangible equity and other relevant ratios on a regular basis. These discussions will lead to a clear understanding of their current scorecard, as well as create opportunities to plan for future needs.
What Next? Key Steps Following a Structural Collapse or Other Crisis Caused by Defective Work
Resolving the complex, multifaceted issues when catastrophic construction failure occurs requires comprehensive analysis, perseverance and counsel from knowledgeable and experienced professionals.
Deconstructing the Confusion: The ‘Contractual Liability’ Insurance Requirement in Construction Contracts
To protect from an uninsured exposure, the upstream party should be clear in the "insurance requirements" section of contracts that any form of a Contractual Liability Limitation Endorsement will not be accepted.
The Paradoxical Financial Risks of a Growing Business
Contractors that have secured their lien rights by sending a preliminary notice are always going to be paid before the companies that haven’t, because the fear of a possible mechanics lien is just that great.
Amid Flooding Risks, Houston Elevates Regulations
The Houston City Council approved a proposal from the Department of Public Works that all new structures located in the 100- and 500-year floodplains be built 2 feet above the 500-year floodplain level to guard against another Hurricane Harvey-type disaster.
Preparing for Active Shooter Incidents: Accessing Expert Safety Resources
By recognizing signs of potential violence and what to expect after an active shooting, employees can take steps to protect themselves. The Safety Alliance’s active shooter resource page has resources on preparing for an active shooter event.
Matching Problems to Solutions
The insurance industry can help contractors navigate technologies by linking failure data with solutions, and empowering contractors to choose technologies for the real risks they face on their projects.
Miami Bridges Falling Down: Four Ways to Survive (and Grow Stronger) Through Disaster
Maintaining corporate viability during disaster is difficult, but proper planning and forethought can make the difference in a company surviving (and even growing stronger) in the face of crisis.











