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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...
Who Pays for a Property Loss? Part 2
In Part 1, we discussed the major difference between Liability Insurance and Performance Bonds. In addition, we reviewed the steps the Surety must...
Who Pays for a Property Loss? Part 1
Depending on the type of construction project, the General Contractor may be required to provide both General Liability (GL) coverage along with...
Cyber Risk in the Construction Industry
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...
What are the 3 Levels of Indemnification?
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...