Risk Management

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 Justin Levine | Jan 17, 2020
Business | Finance | Risk | Risk Management

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

by Richard P. Higgins | Jan 14, 2020
Accounting | Risk Management | Safety | Taxes

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

by Craig Tappel | Jan 13, 2020
Insurance | Risk | Risk Management | Surety Bonding

Protections against subcontractor default are essential risk management tools, making it critical to understand the roles of surety bonds and subcontractor default insurance.

Protect Against Adverse Events With Parametric Insurance

by Kevin Holland | Jan 10, 2020
Insurance | Risk | Risk Management

Parametric insurance covers a specific modeled event such as project disruption due to weather, fluctuating cost of construction labor and materials and skilled labor shortages.

Blackouts Require a New Look at Backup Power

by John McBride | Jan 10, 2020
Commercial | Markets | Risk Management

The likelihood of more-frequent blackouts means backup power must evolve from ensuring the safe exit of office workers to enabling core business functions to continue uninterrupted. That’s a major shift in preparedness that construction executives should consider in future planning.

How to Minimize Retainage Risk

by Nate Budde | Dec 13, 2019
Risk | Risk Management

Minimize risk of losing retainage on a project by understanding what it is, how to proactively protect retainage payments, negotiation tactics, and how to recover retainage funds.

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How to Challenge a Risk-Averse Company Culture

Forethought Is Key to Overcoming Construction Calamities

Risk-Adjusted Cost: A New Frontier in Construction

Timing Is Important in Reporting Profits and Losses

How Surety Bonds and Subcontractor Default Insurance Round Out Construction Risk Management

Protect Against Adverse Events With Parametric Insurance

Blackouts Require a New Look at Backup Power

How to Minimize Retainage Risk

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