Posts Tagged 'March 2015'

We are pleased to present below all posts tagged with 'March 2015'. If you still can't find what you are looking for, try using the search box.

Canadian Study Highlights Efficacy of P3s; Model Law Published in U.S.

The performance-based incentives and accountability requirements built into public-private partnerships (P3s) result in high-quality projects being delivered more efficiently, cost-effectively and timely than traditional procurements, according to a report issued by a research team from Western University in London, Ontario. 

Understanding the ‘Claims Made’ Provision in Professional Liability Policies

Professional liability is profoundly different from most forms of traditional insurance coverages. Unlike general or auto liability, professional liability policies include claims reporting provisions that might be unfamiliar and confounding to many contractors and inexperienced claimants. 

Executive Insights

Insurance experts discuss bonding capacity, subcontractor prequalification, captives, credit insurance, trends impacting middle-market contractors and what to bring to an initial meeting for establishing a bond limit.

It’s Time to Capitalize on Merit Shop Support in Congress

On June 25, contractors from across the United States will arrive in Washington, D.C., for face-to-face meetings with congressional members on both sides of the Capitol. Due in part to the tireless grassroots and political efforts of members of Associated Builders and Contractors (ABC), the nation’s voters elected a merit shop-friendly congressional majority in November.  

Five Ways to Develop and Retain Young Professionals

It’s no secret that companies are facing generational gaps within their workforce, inside and outside of the construction industry. It is  important to understand this challenge and promote ways for young professionals to continue developing into high-performing employees and leaders. Retaining the younger generation entering the workforce can be done effectively and without making a large financial investment.

Reducing the Cost and Time Impact of RFIs

RFIs do not have to be such a time-consuming and expensive part of construction. With the right tools, software and implementation, RFI processes can be streamlined and their associated costs can be lowered.  

Ongoing Challenges to State and Local Labor Policies

State and local governments throughout the country have taken a number of actions within the last five years to change construction labor policy. Some of these changes have expanded opportunities for merit shop contractors to compete for projects, while others have served to limit competition from contractors that are not signatories to collective bargaining agreements. One thing many of these new statutes and ordinances have in common is exposure to legal challenges from those  unhappy with the changes.

Labor Regulators Continue to Pursue Anti-Business Agenda

The National Labor Relations Board (NLRB) has issued the most sweeping changes to its union election procedures in more than 50 years. These changes are designed to dramatically speed up elections and will clearly work to the advantage of union organizers. Also expected soon is a new standard for “joint employer” status and a new “blacklisting” regulation from the U.S. Department of Labor (DOL), as well as significant anti-business changes to rules governing overtime exemptions for “white collar” employees.

I’ve Been Sued! Now What?

For most contractors, regardless of size, litigation is an unfortunate fact of life. The key to effectively dealing with litigation is to understand the process, know what the company should and should not do, and make certain it is aligned with the right attorney, insurance broker and insurance company.

When to Account for Job Costs Versus Fixed Assets

Construction company owners and financial executives face one issue every day: when to account for job costs as costs associated with a particular job versus as fixed assets. Because most contractors use the percentage-of-completion method in recognizing revenue and monitor the progress of jobs based on actual costs incurred, the accumulation of job costs is critical. 

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Service Above Self
Two years ago, Gary Neal—an engineer and project manager with MEC Contractors...

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