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Home » Topic » Risk » Risk Management

Prequalify Customers to Reduce Credit Risk as Bankruptcies Rise

by Lori J. Drake | Apr 21, 2021
Accounting | Business | Business Development | Finance | Risk | Risk Management

Contractors can protect themselves from potential credit risks by prequalifying potential customers and closely following their credit policies to collect payment.

Using the STOP Principle to Keep Workers Safe

by Michael Schaeffer | Apr 20, 2021
Risk Management | Safety

The inverted STOP mindset (people/organization/technology/substitution) goes beyond safety equipment. It assesses safety wholistically and practically for workers and the construction site.

The ‘Safety Technology’ in Safety Technology Tools

by Raffi Elchemmas | Apr 16, 2021
Risk Management | Safety

Manufacturers recognize that the ramifications for injuries on the job impact more than just the worker—they also have a domino effect on the company itself. Therefore, these manufacturers are actively developing and implementing new safety technologies into tools.

Prepare for the Worst and Get Paid by a Debtor in Bankruptcy

by An Nguyen | Apr 15, 2021
Insurance | Risk | Risk Management

Rather than reacting to a bankruptcy filing after the fact, contractors with an understanding of their rights and remedies can take steps now to help protect themselves later.

Under One Roof: Embracing the New Era of Unified Tech Solutions

by Tim Tucker, Mike Loumeau | Apr 15, 2021
Productivity | Risk Management | Technology

New ERP tools enable construction companies to pull together operational, financial and other service functions to improve efficiency and gain insights for improving decision-making and growth.

Four Ways Contractors Can Preserve Financial Integrity, Working Capital

by Jeffrey Desrosier | Apr 13, 2021
Business | Business Risk | Finance | Risk | Risk Management | Surety Bonding

There are four common challenges that can negatively affect creditworthiness: liquidity, borrowing for working capital, positive cash flow and the workforce.

2021 Executive Insights: Surety Bonding & Insurance

by Construction Executive | Apr 9, 2021
Business | Executive Profiles | Insurance | Risk | Risk Management | Surety Bonding

Industry experts share their thoughts and advice on mitigating risk, the "Three Cs" and navigating bonding in a post-pandemic world.

The Dangers of Invisible Injuries

by Cal Beyer, John Gaal | Apr 7, 2021
Risk Management | Safety | Wellness

According to the CDC, 150 people die each day from the effects of traumatic brain injuries and the greatest number them were in the construction industry.
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