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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...
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...
In Part 1, we discussed the major difference between Liability Insurance and Performance Bonds. In addition, we reviewed the steps the Surety must...
Depending on the type of construction project, the General Contractor may be required to provide both General Liability (GL) coverage along with...
Ransomware, malware, and data breaches have become part of today’s business vernacular. It may seem like the big-name consumer brands are the only...
If you stop and think about it for a moment, why does anyone refer back to a contract? It’s, unfortunately, when a problem arises. Depending on what...
Last week we explored the types of financial ratios available to the Contractor and began investigating liquidity ratios. This week, we will continue...
Financial statements report the condition of a construction company and serve as a basic measurement of the company’s strength or weakness. To...
Triggering a Force Majeure is about living by the exact words. These clauses are typically interpreted with a very narrow view. The words are...