Water Leaks Are an Ongoing Battleground for Insurance Coverage

Water intrusion and leaks are common sources of frustration and rework on construction projects. The time to understand coverage issues is before the failure of an inexpensive installation becomes a six- or seven-figure loss and delay claim.

Managing Growth: Why Some Contractors Succeed and Others Fail

Controlled growth is the key to long-term success. Contractors should avoid having too many new areas of focus in their business plans, such as taking on a new type of work within a new geographic territory and adding new, untested people.

Executive Insights: Surety Bonding

Twenty-one top surety experts discuss the bonding implications of joint ventures, how safety impacts bonding, efforts to increase diversity in the industry, and the market intelligence surety professionals can offer their clients.

EB-5 Investments: An Alternative Source of Real Estate Capital

As a necessity to survival during the global economic downturn, many developers have looked to non-traditional sources of capital to finance their projects, including investments by foreign individuals under the EB-5 Program.

LNG Terminals: The Next Construction Boom

America’s energy renaissance stands to impact virtually every industry—from manufacturing and financial services to environmental technology, retail and especially construction. America’s productive capacity eventually will translate into large energy exports, including in the form of liquefied natural gas (LNG) being distributed from many export-oriented LNG terminals now under development.

A Natural Alliance

The predicted shortage of skilled craft professionals is not unique to the United States. In addition to the roughly two million workers needed stateside by 2017, at least 300,000 more will be needed in Canada during the next decade. Can something be done to help solve the workforce crisis on both fronts? That’s part of the mission of the CAN-AM Merit Alliance, formally established in February 2014 with the signing of a joint resolution by Associated Builders and Contractors (ABC) and Merit Canada.

Boom Days Ahead for Natural Gas Sector

A renaissance is under way in the natural gas sector, and the numbers say it all. At least 100 new mega-sized industrial facilities will be operational by 2020, driving change throughout the U.S. economy and creating thousands of construction jobs for civil and industrial contractors. As natural gas supplies have gone up, so has the demand to build the infrastructure to store, transport, pump, process and refine the newly abundant resource.

Differences Between a Surety’s and an Owner’s Prequalification Process

  With so many resources available to project owners—and with the primary emphasis on contractor prequalification through a reputable surety—contractor default mitigation becomes a manageable process, which greatly enhances the chance of successful project completion. 

Claims Management: A Problem-Solving Approach

Contractors that leverage their existing skills in identifying and mitigating risks, and that take steps to proactively and thoughtfully manage claims, will minimize their claim-related costs and optimize claim outcomes.

The Executive’s Role in Business Development

A solid business development process can make the difference between  stagnancy and growth. But too often, leadership’s main instruction to the business development team is “go get more work” without much direction on how, where or why.

 

Bringing Balance Back to the NLRB
Although its purpose is to interpret the National Labor Relations Act in a fair...

2018 Regional Construction Outlook
Starting in 2012, the construction sector generally has turned in stronger growth...

The DNA of Giving Back
This month marks 89 years in business for Vogel Bros. Building Co., a fifth...

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