Risk Management

Construction Lien Waiver Provisions Contractors Should Be Using

Not all lien waivers are created equal. While lien waivers include a release of liens, they can also include language on payment to lower-tier subs, indemnification and defective work.

Assignment of Benefits Agreements Are Subject to New Legislation

by Nate Budde | Sep 20, 2019
Insurance | Legal and Regulatory | Risk Management

When emergency repairs are required, an assignment of benefits lets contractors perform work and file a claim directly with the insurance company. Some states have implemented new regulations for AOBs.

How Contractors Benefit From the Surety Bond Guarantee Program

by Greg Angel | Sep 10, 2019
Risk | Risk Management | Surety Bonding

The SBA Surety Bond Guarantee program can help small and emerging contractors jumpstart their business and remain competitive in the public and municipal sectors.

Three Tools for Proactive Risk Management: Contracts, Fluent Dialogue and Change Management

by Kristine A. Kubes | Sep 2, 2019
Contracts | Risk Management | Safety

Risk management is much more than insurance. A prudent construction executive will utilize the following three strategies for proactively managing risk and protecting the company’s right to payment.

Managing Design-Build Risks From Design Through Construction

Design-build projects come with additional risks. Adherence to the contract and documentation guidelines can minimize risk and increase the success and profitability of the project.

Avoid Payment Bond Claims With These Six Tips

Payment bond claims are one of the most common, costliest and potentially most disruptive actions that can be brought against a contractor.

The World of Wrap-Ups and How Contractors Can Benefit

by Michael Alberico | Aug 17, 2019
Insurance | Risk Management | Safety

Before considering wrap-up insurance on a project, ask about benefits and risks, clarify misconceptions and know the keys to a successful wrap-up.

Captive Insurance: A Viable Strategy to Reduce Costs

Captives can save money, but contractors need to be aware of compliance and funding requirements, and IRS regulations. Consider costs, risks and benefits to ensure that a establishing a captive is a viable strategy.

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Construction Lien Waiver Provisions Contractors Should Be Using

Assignment of Benefits Agreements Are Subject to New Legislation

How Contractors Benefit From the Surety Bond Guarantee Program

Three Tools for Proactive Risk Management: Contracts, Fluent Dialogue and Change Management

Managing Design-Build Risks From Design Through Construction

Avoid Payment Bond Claims With These Six Tips

The World of Wrap-Ups and How Contractors Can Benefit

Captive Insurance: A Viable Strategy to Reduce Costs

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