The Importance of Risk Transfer Strategies Construction
Risk transfer strategies can help a contractor defend and resolve construction related claims and lawsuits.
Risk Management
Mitigate the Riskiest Driving Behaviors
Investing in a video-based safety program will help managers identify high-risk driving behaviors, intervene and coach drivers to improve, and prevent incidents. This is key to keeping drivers and materials safe, as well as avoiding costly collisions.
Schemes, Scams and the Cost of Occupational Fraud
Fraud affects an organization’s bottom line in many ways, and few companies know why it occurs, what to look for or how to stop it.
How to Challenge a Risk-Averse Company Culture
Executives can change company ideals by prioritizing business and employee needs. What's best for the organization may be unfamiliar, but it's worth doing to enhance operations. Contractors must be ready to take the necessary risks to move forward in the industry.
Forethought Is Key to Overcoming Construction Calamities
Here’s a lesson on what not to do when something is not right on a construction project. The right insurance policies and due diligence on the general contractor's part could have averted a tragedy.
Risk-Adjusted Cost: A New Frontier in Construction
By using effective software tools to anticipate and surface risk insights, general contractors can plan for cost-impacting possibilities earlier in the project lifecycle.
Timing Is Important in Reporting Profits and Losses
The timing of reporting income or deferring costs can have a significant impact on a contractor’s income tax liability. Implementing tax planning strategies can make a big difference.
How Surety Bonds and Subcontractor Default Insurance Round Out Construction Risk Management
Protections against subcontractor default are essential risk management tools, making it critical to understand the roles of surety bonds and subcontractor default insurance.
