Risk Management

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.

To Arbitrate or Not, That Is the Question

by David K. Taylor | Dec 12, 2019
Dispute Resolution | Risk Management | Safety

Agreeing to submit all disputes to binding arbitration as opposed to litigation in court is a significant business decision that contractors should never take lightly.

Risks of a Robust Economy

While it might seem like the right time to grow a business, expanding too fast without a strong plan can be detrimental to the business, its finances and its reputation.

Understanding the Contractor’s Consent: The Hidden Dangers in a Common Form

by Kenneth E. Rubinstein, Nathan Fennessy | Dec 5, 2019
Contracts | Legal and Regulatory | Risk Management

When reviewing consent documents, contractors should keep an eye out for the following clauses, which can drastically affect their rights regardless of whether the owner actually comes to default on their loan.

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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

To Arbitrate or Not, That Is the Question

Risks of a Robust Economy

Understanding the Contractor’s Consent: The Hidden Dangers in a Common Form

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