Feeling the Shift in Project Coordination
As projects grow more complex, contractors, owners and surety companies all have an increased risk stemming from an ongoing industry shift in project coordination. The burden of providing more project coordination, via changes in contractual language, is landing on the shoulders of the subcontractor, who find themselves without sufficient training or resources to deal with […]
Surety Bonds: Key Facts to Know
Surety bonds offer contractors a powerful tool to enhance their credibility and financial stability. These bonds provide a guarantee to project owners that the contractor will fulfill their contractual obligations, including completing the project on time and within budget. By securing a surety bond, contractors can not only gain the trust of clients and secure […]
Navigating Environmental Risks in Construction: The Role of Contractor’s Pollution Liability
By nature of the work being done, construction projects inherently carry significant environmental risks. These can range from minimal issues like dust and noise pollution to major concerns such as hazardous material spills and leaks. These activities can profoundly impact the surrounding environment. Effectively managing these risks is crucial for successfully completing construction projects while […]
