Risk Management

Embrace the Bonding Process and Your Business Will Thrive

by Danny McNally | Nov 1, 2018
Risk | Risk Management | Surety Bonding

Establishing and maintaining a bonding relationship requires a significant investment of time and resources. This is driven by the surety’s need to thoroughly vet a contractor’s qualifications before extending surety credit.

The Importance of Understanding Dispute Resolution Options

by Jeffrey Cavignac | Oct 23, 2018
Dispute Resolution | Legal and Regulatory | Risk Management

There are basically two ways to settle a dispute - have a judge, a jury or an arbitrator settle it or the parties can resolve the matter themselves. A mediator can provide guidance in resolving the dispute.

Construction Contract Payment Terms Aren’t Worth the Paper They’re Printed On

As construction becomes more complicated and project participants have no direct contractual relationship with others on the project, there is an element of fear (and risk) that leads to overly complicated contracts.

Lessons Learned from Hurricane Irma

by William L. Coulbourne | Oct 19, 2018
Insurance | Risk | Risk Management

Hurricane Irma proved that buildings constructed to high wind design guidance performed well and provided critical performance information of high wind codes and standards.

Modern Technology Is Influencing Construction Safety

The entire construction process is being influenced by technology, including jobsite safety.

What Did I Agree To?

by Brian C. Richardson | Oct 16, 2018
Contracts | Legal and Regulatory | Risk Management

Carefully scrutinize indemnification language to fully understand obligations and potential exposure in the event of a claim for property damage or personal injury on the jobsite.

Schools Remain Top Priority in Carolinas as Cleanup From Storms Continues

by Joanna Masterson | Oct 16, 2018
Insurance | Risk | Risk Management

While the construction-related impact of Hurricane Michael is still being assessed, the estimated total property damage from Hurricane Florence is $17 billion to $22 billion.

Four Safeguards for Material and Labor Price Variability

by Vernon Howerton, Tim Fandrey | Oct 4, 2018
Accounting | Business | Project Management | Risk Management

While predicting the future is impossible, there are steps contractors can take to minimize the risk of increasing construction input prices. The key is to recognize the potential for price variability before commitments are made.

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Embrace the Bonding Process and Your Business Will Thrive

The Importance of Understanding Dispute Resolution Options

Construction Contract Payment Terms Aren’t Worth the Paper They’re Printed On

Lessons Learned from Hurricane Irma

Modern Technology Is Influencing Construction Safety

What Did I Agree To?

Schools Remain Top Priority in Carolinas as Cleanup From Storms Continues

Four Safeguards for Material and Labor Price Variability

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