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Picking Up The Pieces: COVID’s Effect on the Construction Industry
The COVID-19 pandemic continues to have the most significant and widespread economic impact since World War II. Unfortunately, there are no...
Why is an Excess Credit Taken on a Wrap-Up?
Wrap-Up programs often provide Excess coverage to Trade Contractors while working on the project. This allows the program Sponsor (Owner or General...
How Liquidated Damages & Consequential Damages Interact in a Contract
Construction contracts can be overwhelming when you’re not looking at them every day. That’s why it’s important to understand your contract and the...
The Importance of Onsite Start Dates for a Wrap-Up
If you find yourself working on a Wrap-Up, there are often documents that need to be completed prior to starting on the project site. Typically, the...
3 Types of Construction Contract Damages
In today’s construction climate, building projects and construction contracts can be extremely complex. A Contractor must become thoroughly familiar...
5 Steps for Handling Pollution Claims
Pollution incidents can occur while working on a job site. Air pollutants—such as the dust from land clearing, demolition, burning, etc.—and/or...
Using Your ROI To Find Your Company’s Profitability
Last week, we learned about calculating your company’s Return on Investment (ROI). We discussed that, in general, the lower the risk, the lower the...
The Importance of Knowing Your Company’s ROI
What is the appropriate compensation for the Owner of a construction firm? Is a healthy salary plus expenses enough to justify the business risk that...
Oops! What You Need To Know About Professional Liability
Have you ever thought what would happen if you were building a bridge across a river one mile wide and your calculations were “almost” correct but...