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Insurance Management Risk Management Warranty 
Civil + Structural Engineer
JUNE 28, 2024
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.
Civil + Structural Engineer
APRIL 24, 2023
Water damage continues to be a source of significant risk in buildings and on job sites. As insurers face rising payouts for water damage claims, deductibles have climbed sharply, resulting in a severe impact on profitability for contractors and developers.
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Breaking Ground on Better Payment Processes: Strategies for Construction Pros
Avoiding Lease Accounting Pitfalls in 2025: Lessons Learned from Spreadsheet Errors
Civil + Structural Engineer
JANUARY 12, 2024
WINT’s success in preventing water damage has helped accelerate the growth of its insurance network, which includes carriers, brokers, MGAs and risk-engineering firms and has nearly tripled during the year.
Civil + Structural Engineer
JANUARY 16, 2024
WINT’s success in preventing water damage has helped accelerate the growth of its insurance network, which includes carriers, brokers, MGAs and risk-engineering firms and has nearly tripled during the year.
Civil + Structural Engineer
NOVEMBER 4, 2024
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 Pro Builder
DECEMBER 12, 2023
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.
Civil + Structural Engineer
MAY 30, 2024
NEW YORK — WINT Water Intelligence , a leader in cutting-edge water management and leak-prevention solutions, ranks among the top nine insurance technology innovations of 2024, according to a panel of industry experts. Finalists such as WINT are selected through a rigorous, independent judging process.
Buildern
DECEMBER 11, 2024
In the construction industry, risks are an inevitable part of the process. In these scenarios, insurance in construction provides a protective shield for the financial stability of a business involved in construction. Construction insurance has various policies that protect against different threats faced on construction sites.
UK Construction Blog
JULY 26, 2024
The post Insurance for the Construction Industry: Essential Coverage Options appeared first on UK Construction Blog. Navigating the construction industry can be challenging, especially when it comes to managing risks and ensuring financial protection. Different types of insurance cater to specific needs within the industry.
CCR Magazine
JANUARY 12, 2024
As organizations around the world face rising costs related to water damage and increased focus on water sustainability, WINT Water Intelligence is building on its success in 2023 to continue solving these challenges for insurance, construction, facilities, and property management companies.
UK Construction Blog
APRIL 23, 2024
When septic systems develop problems, they can cause foul odours, backups, and health risks. These odours are unpleasant and a potential health risk, requiring immediate attention from a professional. This situation requires immediate action as it poses health risks and indicates a severe issue within your septic system.
UK Construction Blog
NOVEMBER 14, 2023
Allocation of Risk Risk allocation is an important part of every construction project, including design-build contracts. Clarifying which party bears certain risks, such as design flaws or unanticipated site circumstances, aids in the prevention of future problems.
CCR Magazine
MAY 23, 2024
As a property manager, you should constantly adhere to the established conditions, rules, and regulations. For landlords , these statutes lay down the rules for everything related to property management , from how to treat tenants with dignity and respect to how to remove them from the property if they violate the terms of the lease.
UK Construction Blog
MAY 17, 2023
Meanwhile, warranty service provider for structures Build-Zone is celebrating its 20th year in the building industry as an insurer. During the 14-day trial, the prosecutor presented evidence that the corporation failed to develop, risk analyse, and implement a safe work system. Why Build-Zone and structural warranty?
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Building Radar
AUGUST 5, 2024
These conditions lay the groundwork for how a project will be managed, defining the responsibilities and expectations of both the client and the contractor. They typically cover a wide range of topics, including project management, quality control, safety, and dispute resolution.
Civil + Structural Engineer
NOVEMBER 21, 2024
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.
OmTrak
SEPTEMBER 17, 2023
Legislation and the Role of Facility Managers The Victorian Government took a significant step by legislating that Building Manuals are a pre-condition to issuing an Occupancy Certificate for new facilities. As Facility Managers, you should be aware that governments will develop regulations for the content and quality of Building Manuals.
cnstrctr
JANUARY 4, 2020
The different types of construction projects include: Lump Sum Construction Management (Cost Plus / Guaranteed Maximum Price) Design Build Design Build Finance Maintain. Design Risk – if the contract documents aren’t perfect there’s an opportunity for the contractor to claim extras. Construction Management Contracts.
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CCR Magazine
JULY 31, 2024
Normally they are protected through professional maintenance and warranties. Manage Risks Many things may go south on residential construction sites, making it important that you involve a professional and reliable third party who is capable of managing liability and risks.
CCR Magazine
JULY 18, 2024
While DIY plumbing can be cost-effective and satisfying, it comes with its own set of challenges and risks. Simple tasks like fixing a leaky faucet or unclogging a drain might be manageable for a DIY enthusiast. Safety Concerns Plumbing repairs can pose safety risks, especially when dealing with gas lines, sewage, or hot water systems.
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Contractor Bookkeeping
JANUARY 2, 2015
The only thing you know is your old boss was a terrible business manager and anyone could do better than that! Insurance - Is critical to your construction company. Talk to an insurance agent that understands construction about your insurance needs. They Have A Business Process Management Strategy.
Practical Law Construction
JUNE 14, 2022
A court will not be persuaded to find that there was a duty of care simply because an alternative contractual defendant is penniless, in administration or without insurance. WSP subsequently produced an Operational Fire Safety Management report and a Fire Risk Assessment in relation to the facility in question.
CCR Magazine
JULY 18, 2024
While some installations are straightforward and manageable for a DIY enthusiast, others can be complex and require professional expertise. This ensures a smooth installation process and reduces the risk of damage to your plumbing or fixtures. Weigh the potential savings against the risk of costly errors.
Contractors Liability Blog
DECEMBER 22, 2023
Maryland contractor licensing and insurance: Your passport to building a successful and compliant business. Here are a few reasons why: Ensures Compliance: Licensing is a testament to a contractor’s commitment to adhering to state and local regulations and safeguarding against legal and financial risks.
Buildern
MARCH 6, 2023
For example, some states may require builders to hold a specific license or registration, while others may have different rules around contracts, warranties, and dispute resolution. The WHS Act sets out the general duties and provides a framework for managing health and safety risks in the workplace.
Contractor Bookkeeping
JUNE 15, 2012
The only thing you know is your old boss was a terrible business manager and anyone could do better than that. Insurance - Is critical to your construction company. Talk to an insurance agent that understands construction about your insurance needs. What To Do Next - You have never run a business.
Contractor Bookkeeping
JUNE 20, 2014
The only thing you know is your old boss was a terrible business manager and anyone could do better than that. Insurance - Is critical to your construction company. Talk to an insurance agent that understands construction about your insurance needs. What To Do Next - You have never run a business.
CCR Magazine
NOVEMBER 24, 2023
They can also affect your capacity to insure your strata building adequately. Doing so ensures that corrective measures can be taken before the warranty limitation periods expire. Below, we’ll discuss the different building defects commonly encountered in strata properties and the risks they might cause.
Autodesk Construction Cloud
MAY 30, 2023
These issues can be mitigated with software that ensures everyone is on the same page, reducing the risk of errors or incomplete designs. Poor site management Stakeholders on construction sites have different interests, which can add to instability when site changes occur. Using the wrong teams exposes contractors to risk.
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Practical Law Construction
MAY 6, 2020
BUK has helpfully explained this recommendation by reference to the professional indemnity insurance coverage issues that I referred to in my last blog. Unquantifiable risk. BUK’s recommendation: Do not include a “fitness for purpose” standard of care for design (except in the process sector).
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OmTrak
JANUARY 30, 2022
The report highlights the need to reduce risks arising from the problems for new strata owners, the costs for rectification and makes 30 recommendations for improvement. The University of NSW (UNSW) has issued a new report on Defective Buildings in new apartment developments.
The Construction Seyt
MARCH 6, 2023
Her practice is devoted to counseling clients on international arbitration and other cross-border dispute resolution proceedings, as well as complex domestic and international procurement issues, contract administration, claims, insurance, cross-border transactions, risk management, and project finance.
Construction Law
NOVEMBER 4, 2024
Analysis Reports highlight causes of disputes and cost failures on major infrastructure projects Our latest Analysis series article looks at two recent reports that highlight causes of disputes and management failures on projects. Collateral warranties Adjudication enforcement: let’s set-off again!
Autodesk Construction Cloud
AUGUST 10, 2021
Reduced risk. The bidding and qualification process is often disjointed, particularly when it comes to evaluating vendor risk. This is because risk managers are siloed from the estimating department and the information they need (i.e., All that makes it difficult to analyze and manage risk.
CCR Magazine
JANUARY 17, 2024
Knowing that skilled professionals are handling the core materials of your project significantly reduces risks. Verifying Licensing and Insurance Ensuring that a concrete company is properly licensed is a critical step, not a mere formality. Understanding the role of insurance in your project is equally crucial.
Contractor Bookkeeping
DECEMBER 3, 2013
Chart of Accounts Warranty Work. Chart of Accounts Insurance Builders Risk. Chart of Accounts Insurance Vehicles. Chart of Accounts Insurance Liability. Chart of Accounts Insurance Health And Dental. Insurance Audit Reporting. Insurance Audit Support (Business Consulting And Accounting Office).
UK Construction Blog
JULY 26, 2024
The right new build contractors in London will not only have the skills and expertise to execute your project flawlessly, but they’ll also possess the communication skills, project management abilities, and customer service orientation to ensure a seamless and stress-free experience.
Contractor Bookkeeping
AUGUST 27, 2014
Chart of Accounts Warranty Work. Chart of Accounts Insurance Builders Risk. Chart of Accounts Insurance Vehicles. Chart of Accounts Insurance Liability. Chart of Accounts Insurance Health And Dental. Insurance Audit Reporting. Insurance Audit Support (Business Consulting And Accounting Office).
Buildern
FEBRUARY 6, 2023
As a construction project management professional, you’ve probably searched for the best tool to systemize and automate estimating, bidding, scheduling, and communication processes. Indeed, construction project management requires careful consideration and implementation of the right tools to ensure a successful outcome.
OmTrak
JANUARY 30, 2022
Look for prior reports of poor quality and litigation Get an inspection by a qualified and reputable consultant such as a structural engineer and check with the strata manager regards any outstanding defects or litigation Are the Manuals properly compiled and readable or just a great mass of files and scanned images?
Building Radar
SEPTEMBER 9, 2024
Whether you’re a construction manager, contractor, architect, or just someone involved in a building project, understanding the terminology is crucial. As-built drawings are indispensable for facility management, maintenance, and any subsequent renovations. What is Construction Management?
Contractor Bookkeeping
AUGUST 16, 2013
What little of it I have seen makes me very upset because I see the damage caused to contractors making management decisions on inaccurate reports. Chart of Accounts Insurance Health And Dental. Chart of Accounts Insurance Liability. Chart of Accounts Insurance Vehicles. Chart of Accounts Insurance Builders Risk.
DRB Development Solutions
MARCH 25, 2020
Any employer found to be in violation of this rule will be required to reimburse GDOL for the full amount of unemployment insurance benefits paid to the employee. Filing partial claims results in your employees receiving unemployment insurance (UI) benefit payments faster, usually within 48 hours for claims filed electronically.
Practical Law Construction
SEPTEMBER 7, 2022
This is coupled by a growing start up sector, which focuses on better materials (for example, sustainable concrete), better methods such as modular construction, and better project and contract management that rely on project software systems. This is to be expected, as the risks, and risk allocation, are quite different.
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