Posts Tagged 'April 2017'

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Three Ways for Contractors to Mitigate Risk and Lower Insurance Premiums

Many business executives believe insurance brokers have control over the quotes they provide, but that’s not the case. Insurance carriers control the price, and they provide the best rates to companies that proactively manage their risk. The less risky a contractor appears, the fewer claims it’s likely to have and the “safer” the company looks. Therefore, the lower the premium they are likely to get.

Here are three ways general contractors can mitigate risk and make their companies more desirable to insurance carriers.

What is your proudest safety moment?

"M. Davis & Sons is a fifth generation construction company that builds, installs and maintains corporate plants and facilities for national and international companies. M. Davis began as a tinsmith shop in 1870 and has evolved into a company that services Fortune 500 companies. 

Our mission statement says it all: To provide quality services to our clients while providing satisfaction, security and a safe workplace for our team. At the end of the day, we want our team members to return to their families."

Dissecting the House Tax Blueprint

In June 2016, as part of Speaker Paul Ryan’s “Better Way” initiative, the House Ways and Means Committee rolled out its “Blueprint” for tax reform. This broad overview outlined Republicans’ talking points for the campaign trail and the anticipated showdown with the Clinton White House, if not a Democratic Senate majority. 

After a false start with the ill-fated Camp Draft, expectations were tempered for legislative action. The topline items read as a veritable wish list of pro-growth provisions that were hailed by tax coalitions and trade groups alike. The tradeoffs were largely ignored, with any prospective pushback muted by dismal electoral expectations. After an initial burst of coverage, the Blueprint receded as Congress left town, leaving all eyes trained on an increasingly surreal presidential race. 

Build a New Approach to Female Construction Leaders

If you’re expecting another article about breaking through the concrete ceiling or why women need to keep up the fight, prepare to be disappointed. While it’s necessary to appreciate all the women who have paved the way in the construction industry and the workforce overall, it’s not a good idea for today’s female leaders to focus on the struggle. 

A positive emphasis on the power women already possess makes better business sense. Several recent studies indicate that increasing the number of women in executive leadership and board roles can increase profitability. One report from Grant Thorton LLP suggests that male-only boards in the United States, United Kingdom and India are incurring an opportunity cost, measured in lower returns, of a whopping $655 billion.

Risk Management in a 24-Hour Society

Builders and developers can’t escape scrutiny when confronted with government investigations, workplace accidents, dissatisfied customers and employee complaints.

Reputation in the construction field is a crucial business quality. It’s paramount to ensure a sufficient risk management strategy is in place, and enhanced media exposure means non-traditional risk management actions are needed to prepare for and respond to challenges.

(Re)Constructing the Retail Sector

It has been a long time since the words “growth” and “retail” have been used in the same sentence in construction circles. In fact, for more than five years, commercial construction has either risen (or fallen) due to the indirect challenges of weak consumer spending, as well as changes in where, when, how and on what consumers spend their hard-earned dollars. 

Now, the numbers are showing that retail construction is enjoying a renaissance as consumers loosen the purse strings and regain confidence in the economy. And while department store closings remain the Achilles’ heel for malls, according to JLL, a financial and professional services firm that specializes in commercial real estate services and investment management, there appears to be ample demand for the new use of that space.

DOE Launches Program to Make Zero-Energy Schools More Mainstream

Zero Energy School Accelerator program to develop zero energy designs that are cost-competitive for construction in the education sector and in local communities across the nation.

Trump Administration Targets 50 U.S. Infrastructure Projects Worth Over $137B

The Trump administration has compiled a preliminary list of 50 high-priority “emergency and national security” infrastructure projects valued at more than $137 billion and has solicited the nation’s governors for input. 

Report Offers Intelligence on Managing Risk in The Construction Industry

A new SmartMarket Report from Dodge Data & Analytics, “Managing Risk in the Construction Industry,” reveals essential intelligence on the risks faced by building owners, general contractors and trade contractors and the benefits achieved from specific risk evaluation and mitigation practices.

The study demonstrates how collaboration between building owners, general contractors and subcontractors can aid in keeping construction project costs under control, result in a timely delivery and enhance the safety environment.

Gauging the Impact of OSHA's Crane Operator Requirements

In this spotlight on crane safety, Construction Executive interviewed Hank Dutton, Travelers’ senior technical specialist for construction and risk control, on the impact of OSHA’s new certification requirements for crane operators.

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Service Above Self
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