Executive Summary Loss of productivity claims for contractors are common, and always difficult to be successful with against an owner. ASCE (American Society of Civil Engineers), primarily an Owner’s advocate, has provided contractors with another tool for their...
Project Loss Insurance: Heard of It?
Executive Summary There exists an insurance product to mitigate the risk associated with catastrophic failure of a construction company. It’s called Project Loss Insurance. Tell me more about this insurance. Project Loss Insurance (PLI) is a product that covers...
Utes and Bunds: Working in New Zealand
Executive Summary Civil construction is the same, but different, in New Zealand. Some terms and methods which vary from American civil construction follow. Give me a little bit about New Zealand? New Zealand is a country with about 5,000,000 people in it. This is...
Inside the Contractor’s Mind: Bidding, Change Orders, & Claims
Executive Summary Scott Jennings and Patrick Mullen gave a very frank presentation on what runs through the contractor’s mind in his/her creation of a bid, formulation of a change order, and preparation of a claim. Both cost and time. What’s covered in this...
Lose the Guilt – Mark it Up!
Executive Summary Contractors deserve to be profitable. It’s necessary for business survival. A perceived exorbitant markup should not be fretted over. Mark it up! The “disclaimer”. Profit is markup is fee here. Be advised this article assumes that profit and markup...
Trained or Untrained? Being Claim-Ready
Executive Summary Contractors that deal with tough projects, tough clients, and/or tough contracts need to be in a mindset of always being claim-ready. Here’s the start to being trained and claim-ready. When you say “claim”-ready, you mean? A “claim” in this context...