This site uses cookies to improve your experience. To help us insure we adhere to various privacy regulations, please select your country/region of residence. If you do not select a country, we will assume you are from the United States. Select your Cookie Settings or view our Privacy Policy and Terms of Use.
Cookie Settings
Cookies and similar technologies are used on this website for proper function of the website, for tracking performance analytics and for marketing purposes. We and some of our third-party providers may use cookie data for various purposes. Please review the cookie settings below and choose your preference.
Used for the proper function of the website
Used for monitoring website traffic and interactions
Cookie Settings
Cookies and similar technologies are used on this website for proper function of the website, for tracking performance analytics and for marketing purposes. We and some of our third-party providers may use cookie data for various purposes. Please review the cookie settings below and choose your preference.
Strictly Necessary: Used for the proper function of the website
Performance/Analytics: Used for monitoring website traffic and interactions
The new water management standard enforces Mandatory Water Systems Management Plans, Active Automatic Flow Monitoring Shutoff (AAFMS), and coverage for temporary and permanent water systems. Equally, many insurers will require compliance with JCoP guidelines to provide coverage.
The partnership combines WINT’s industry-leading AI-based water management solutions with HSB’s unique expertise in IoT technology and OEM uptime warranty solutions to provide businesses with an ultimate solution to protect from water leak damage. Water leaks are a major point of pain across the real estate and construction industry.
has hired Jim Kilnoski, GISP, adding his national experience with FEMA’s flood insurance study process to our stormwater group to help communities develop resilience. He also has assisted with community outreach to help homeowners understand the impact of changes in floodplain designations. Freese and Nichols, Inc. ,
As a climate tech investor, we were greatly impressed by WINT’s vision to bring sustainability and risk mitigation into water management, coupled with its ability to rapidly rise to market leadership in this fast-growing space,” said Michal Mravec, Investment Director at Inven Capital. NEW YORK — Aug.
It’s an honor to be joining AXA XL and the other insurance leaders to share our expertise and insights on how technology is transforming the construction and insurance industries. Ghanbarian has more than 15 years of dedicated experience in home services and water management solutions.
If developers and building managers want to ensure steady continuity all year round without any prevalent setbacks and minimal risks, they must ensure their site is equipped with sufficient security measures that protect valuable assets and maintain worker safety. Legal compliance : Meeting insurance requirements and local regulations.
By accurately calculating labor burden, contractors can prevent cost overruns and improve financial management importance of labor burden. Leveraging data-driven insights can assist contractors in better managing labor costs, thereby improving overall profitability using data to optimize costs. What is Burden Rate in Construction?
New Sydney icon wins unprecedented seven awards, demonstrates importance of structure renewal to mitigate climate change Chicago (GLOBE NEWSWIRE) — The Council on Tall Buildings and Urban Habitat (CTBUH) announced the winner of its annual award for best tall building worldwide: Quay Quarter Tower , in Sydney.
Risk Data Uncovered: How Technology is Transforming Risk Management in Construction , produced in partnership with Frost & Sullivan, provides compelling data that underscores the value of tech-enabled practices in reducing risks and protecting your most critical assets: your people.
It feels like the world is changing, and changing fast. It’s probably hard to imagine that in the midst of all this innovation, some things haven’t changed much—if at all. The Power of Data To illustrate, think of construction insurance a bit like car insurance. That’s $1.5M
Changes in Underwriting Agencies of Australia’s senior leadership are set to present new opportunities for the organisation and its clients, as well as the wider industry. U nderwriting Agencies of Australia (UAA) has recently undergone a period of change. Peta Ross, Group Development Manager – Systems, Process & Culture.
Now in its 14th year, the Risk Barometer is an annual business risk ranking incorporating the views of 3,778 risk management experts in 106 countries and territories including CEOs, risk managers, brokers and insurance experts. It is little surprise then that climate change delivers a standout result in 2025.
He’s happy because 20 years ago he left a lucrative career as a hedge fund manager to start a construction company in Rehoboth Beach, Del., John “JD” DiStefano carries that flag to the field as one of the company’s two production managers in Delaware. Such is the story of Schell Brothers, our 2023 Builder of the Year.
These loans often restrict the ability to change contractors during construction, making the initial contractor selection particularly crucial. Managing construction loans is easier with a real estate platform like Rabbet. Talk to us today if you want to learn more about how Rabbet helps capital partners manage their real estate loans.
Toll Brothers is acting as managing member and development lead for the project, overseeing approvals, design, construction, and sales. Bank OZK is delighted to finance another project for a quality sponsor like Toll Brothers and its partner Daiwa House,” said Dave Sarner, Managing Director of Originations at Bank OZK.
Construction companies must adopt proactive cash flow management strategies to thrive in this environment. The Current State of Construction Finance Construction firms are more often faced with the problem of being less productive, possibly with higher operating costs due to inefficient financial management systems.
The company prides itself on a culture of “passion, partnership, and performance,” which has earned it the title of US Best Managed Company for three consecutive years. ISNetworld helps companies like Coke Florida manage contractor safety, insurance, and regulatory information.
construction industry continues to benefit from steady economic growth, most insurers providingarchitects and engineers (A/E) professional liability insurance are concerned about the persistent effects of inflation on claim expenses, uncertainty about the U.S. One insurer estimated claim costs are rising 3 – 5 percent annually.
Effective financial management in construction projects is crucial for ensuring profitability and sustainability in a highly competitive industry. With the complexity of construction processes, understanding construction financial management becomes essential for project success.
The Insurance Institute for Business & Home Safety ( IBHS ) today released the 2025 FORTIFIED Home, FORTIFIED Commercial and FORTIFIED Multifamily construction standards. So, its in the best interest of homeowners for us to make this change, says Malik. Learn more about the updated 2025 FORTIFIED Home standard at [link].
Long-Term Prevention Methods The protection against future storm damage depends on implementing a full-scale strategy. One should recognize the vital need to prepare roofing structures to withstand severe weather conditions.
Here are a few resources from Procore to help drive the change. Panelists for the upcoming webinar include Stacee Barkley, global diversity, equity, and inclusion leader for DPR Construction ; Abby Ferri, CSP , chief risk officer for Insurate ; and Cal Beyer, vice president of workforce risk & worker wellbeing for Holmes Murphy.
As building operations become increasingly complex and demanding, the need for better water management solutions is critical. Awareness of the continuing carbon impact of inefficient water management is also leading the industry to search for ways to take a proactive approach to water management in the buildings of the future.
Luckily, a number of down payment assistance (DPA) programs can help first-timers not just afford that up-front cost but better manage their finances to cover housing costs down the line. Reduce mortgage insurance costs? Can the funds be used to reduce the first mortgage interest rate? Cover pre-paids? Repairs on the new home?
Insurance has never felt cheap to companies in the construction sector, although many or most of them never took the sort of risk management measures highlighted in our regular insurance articles, so to a large extent often had only themselves to blame if they were paying higher premiums than they need have. Premiums soared.
Another essential aspect of water management is another important factor. Through careful drainage management and avoiding over-absorption or loss of water in clay-filled soils, construction teams can minimize the potential of shrink-swell cycles.
Companies with staying power have weathered economic changes, evolved with industry standards, and proven their workmanship over time. Licensing, Insurance, and Credentials Always verify that your contractor is licensed, insured, and bonded. Will your roofing company use a dedicated project manager?
We are thrilled to offer this as an in-person event, back by popular demand from our members in the Southeast Region, said Florica Vlad, FGIA Events Manager. Register now for this two-day, exclusive in-person meeting dedicated to exploring the latest trends in the fenestration industry in the southeast region.
While general contractors still wear the managers hat, the layers of specialization required in modern builds have shifted the dynamic. Whats more, subcontractors often bring their own project managers now, their own safety supervisors, and even their own tech stacks. That kind of leverage changes everything. And it shows.
If youre managing or working on a building, read on to learn why padlocks should be one of the first things you sort out. Construction sites are fast-paced, ever-changing environments and security needs to keep up. Highly portable: Theyre easy to move as your site layout changes or as you need to secure different areas.
Modern Approaches to Moisture Management Construction professionals are seeing unprecedented returns on investment through early intervention. These aren’t just numbers; they’re game-changers for project managers and building owners alike. Construction managers report up to 40% reduction in long-term maintenance costs.
ibush Wed, 05/03/2023 - 15:00 Developing an agility-based mindset is critical to effectively manage today’s home building challenges. Having an agility mindset means you can better confront and manage labor shortages, higher insurance costs, supply chain disruptions, and cash flow challenges.
In light of this market change selecting a provider that delivers dependable value and reliability becomes even more crucial. The equipment rental industry will reach $78.2 billion in 2024 according to recent market projections which indicate an 8.2% The projected market growth will slow to 5.7% in 2025 as the market valuation approaches $82.6
When triggered, they alert security teams, building management, and sometimes local law enforcement. Many insurance companies offer reduced premiums for businesses with certified alarm systems, providing additional ROI beyond security benefits. For commercial applications, access control provides granular security management.
Legal liability for defects typically extends 6-10 years for major structural issues and 2-7 years for workmanship problems, with standard homeowner’s insurance often excluding coverage for poor workmanship. Take photos of completed work, particularly elements that will be covered by subsequent construction phases.
In this article, we will explore the types of inspections and what to include in the checklist to help you effectively manage the site and ensure successful construction projects. Typically, environmental inspections focus on the protection of nearby habitats, soil and water protection, air quality, and waste management.
Once you have completed the work and found a tenant to rent the property, you manage to earn $60,000 annually in rental income after expenses. Lets say that you put $100,000 down on a $500,000 property, and you then manage to achieve annual earnings of $12,000 after deducting your expenses. That means property values change over time.
London – The building, owned by mutual pension insurance company Varma, was completed on schedule during the summer of 2024. “Climate change mitigation is part of Stora Enso’s purpose and a strategic business driver. The four-storey Katajanokan Laituri houses Stora Enso’s head office and Solo Sokos Hotel Pier 4.
The 2024 Principals, Partners & Owners Report of AEC Firms is a comprehensive study of owners and top managers of AEC firms and it touches a good deal on buy/sell agreements. This prevents any family disputes and costly litigation by providing a structured process for resolving ownership changes. Types of buy/sell agreements.
Thorough planning and a clear budget are critical for successful bathroom renovations, with considerations for fixtures, design, and project management. Effective management of a renovation includes hiring skilled tradespeople, maintaining quality control, and being prepared for unexpected challenges.
Let’s get some clarity on some of this year’s FAQs about Contractor Management platforms and how you can conquer each quarter! Here are some key aspects of Annual Updates to note for contractor safety and compliance: Purpose – To review changes to safety laws, regulations, and site requirements yearly.
The 2024 Principals, Partners & Owners Report of AEC Firms is a comprehensive study of owners and top managers from 212 U.S. This prevents any family disputes and costly litigation by providing a structured process for resolving ownership changes. AEC firms and it touches a good deal on buy/sell agreements.
When the project is finished, the loan changes into a fixed-rate permanent mortgage loan for 15 to 30 years, depending on the chosen option. These risks should be a non-issue when contractors have a comprehensive risk management plan in place. The project’s funding may run out if the budget is not adequately managed.
Prequalification can ensure contractors are capable, insured, and able to meet all the complex safety and performance requirements. Contractors are required to provide documentation such as: Financial statements Insurance certificates Safety plans Licensing information Training logs And more! If so, you’re not alone.
We organize all of the trending information in your field so you don't have to. Join 79,000+ users and stay up to date on the latest articles your peers are reading.
You know about us, now we want to get to know you!
Let's personalize your content
Let's get even more personalized
We recognize your account from another site in our network, please click 'Send Email' below to continue with verifying your account and setting a password.
Let's personalize your content