Risk Management
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Joint Employment: A Growing Legal Trend & How to Manage It
Mar 01, 2020
During a labor shortage, many subcontractors and GCs seek out workers from third parties to fill ...
Mitigating the Impact of Tariffs & Rising Material Costs
Jan 01, 2020
In the period leading up to the March 2018 imposition of tariffs on steel (25%) and aluminum (10%...
Dividends & Deductibles & Retros, Oh My!
Sep 02, 2019
As an insurance and alternative risk finance specialist, I have spent many moments in the boardro...
Payment Issues: A Three-Step Method to Help Avoid Financial Risk
Sep 02, 2019
Whether it is risk of late payment, nonpayment, double payment, or risks associated with slim mar...
Insurance Rates Are on the Rise
Aug 01, 2019
Specialty contractors should take note that the commercial insurance market is getting ready to m...
How Contractors Can Avoid Claim Pricing Pitfalls
Mar 01, 2019
From equipment and overhead rates to faulty math and logic, inaccurate or unreasonable claim pric...
Reservation of Rights Letters: Take Control of Your Legal Defense
Feb 01, 2018
When a contractor is forced to defend against a claim for construction defects, breach of warrant...
Why Use a Trust for Bona Fide Fringe Benefits?
Feb 01, 2018
Fringe benefit plans fall into two categories: unfunded or funded.
Putting Your Risk Management Strategy in Place
Jan 01, 2018
Careful decision-making can help manage risk and prepare a company to absorb the occasional bump ...
Subcontractor Review & Prequalification: A Primer
Sep 01, 2017
Contractors can no longer award business with only a low bid, a nod, and a handshake. A formalize...
Thinking Strategically: Consider the Benefits of Captive Insurance
Sep 01, 2017
A contractor’s strategic plan goes beyond day-to-day positioning and operations – it evaluates op...
There Is No Bad Project – Only Bad Risk Management
Jun 01, 2017
Wouldn’t it be nice to avoid a bad construction project before it starts? Nobody wants to waste t...
Risk Transfer Pitfalls for Additional Insured Endorsements
Mar 01, 2017
Additional insured endorsements are critical to contract risk transfer systems. Currently, 44 sta...
Fraud Detection & Prevention: Big Data Can Help Protect Assets
Nov 01, 2016
How is it possible to generate 5% greater profits without taking on additional projects?
A Safety Harness for the Bottom Line: Quality Assurance & Control
Sep 01, 2016
At the close of 2015, U.S. backlogs expanded as much as 3%
Two Certifications to Bolster Risk Management
Sep 01, 2016
As CFMs, the risk management functions of our companies are part of our daily work lives – either...
Minimizing the Risk of Joint Employer Liability
Jul 01, 2016
The majority of companies use contingent workers
Leveraging Facilities to Generate Operational Savings
May 02, 2016
Many businesses are often challenged with how to deal with their aging facilities and infrastruct...
Six Steps for Effective Performance Evaluations
Mar 01, 2016
Performance evaluations are a necessary part of every company’s HR function.
Contractor’s Professional Liability: Project Delivery Risks
Jan 01, 2016
In an industry where contract performance is frequently governed by performance specifications
Get Paid for Project Risks: Project Risk Assessment & Prequalification
Mar 02, 2015
In construction, money is made or lost on a project before the job even starts. The ability to ma...