Risk Management

Ways to Reduce Workers’ Compensation Costs

by Patrick Keightley | Mar 18, 2020
Insurance | Risk Management | Safety

A low experience modification rate will lead to aggressive workers’ compensation premium pricing, giving companies more options for cost savings. As a bonus, a worker safety plan that shows employees they are valued.

COVID-19 Could Impact Contractor Performance Bonds

As COVID-19 continues to expand around the United States and the world, it may only be a matter of time before U.S. construction projects are affected by the virus. What, if any, impact could the virus have on a contractor’s surety bond program?

Now’s the Time to Evaluate Surety Bonds vs. SDI Risk Management Tools

by Craig Tappel | Mar 10, 2020
Insurance | Risk | Risk Management | Surety Bonding

Subcontractor Default Insurance has grown into a competitive market, which gives contractors more options and has kept pricing and terms attractive for those with positive loss experiences.

Contract Provisions That Help Manage Risk on Long-Term Projects

by Jason Lambert | Mar 10, 2020
Contracts | Legal and Regulatory | Risk | Risk Management

There are contractual provisions that can provide clear guidance in the face of many “what ifs” in construction, such as cost increases or delays caused by the owner or outside events.

Coronavirus and the Construction Industry: How to Handle an Inevitable Delay

COVID-19 may affect construction materials and labor. Now’s the time to check contract language and supplier agreements for force majeure clauses, and develop a plan in the event of a labor shortage.

Is It Time to Get Rid of Retainage?

by David K. Taylor | Mar 8, 2020
Departments | Risk | Risk Management

While retainage has been part of the construction industry for decades, its concept, use (and abuse) have been under more discussion during the past 10 years.The question is very simple: Is it time for retainage to go?

Demystifying the Surety Industry’s Expedited Dispute Resolution Bond

An EDR bond expedites dispute resolution between parties to the bond as to the surety’s obligation for project completion when a contractor defaults.

Allocating Responsibility and Damage Costs in Multi-Party Construction Disputes

In construction defect disputes, there is little consensus on how to allocate responsibility and costs to implicated parties.

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Ways to Reduce Workers’ Compensation Costs

COVID-19 Could Impact Contractor Performance Bonds

Now’s the Time to Evaluate Surety Bonds vs. SDI Risk Management Tools

Contract Provisions That Help Manage Risk on Long-Term Projects

Coronavirus and the Construction Industry: How to Handle an Inevitable Delay

Is It Time to Get Rid of Retainage?

Demystifying the Surety Industry’s Expedited Dispute Resolution Bond

Allocating Responsibility and Damage Costs in Multi-Party Construction Disputes

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