Executive Summary. If you’ve ever wondered how bonding capacity is earned and calculated, it may be a bit fuzzier than you think. But it does rely on numbers. Read on for the basics. What is bonding? You’ve heard people say “The job is bonded.” or “How much can they...
Executive Summary. Contractors are told to build projects in record time without having complete information. It’s not fair to the Engineer, the Contractor, the Owner, or the Taxpayer. There’s an easy fix which will get the project most of the way to a successful...
Executive Summary. COVID and inflation in 2020, 2021, and 2022 have created challenging and unpredictable times for contractors. Owners should consider loosening contract provisions during this interim for the good of their projects. I’m tired of hearing of these...
Executive Summary Construction claims are generated using many tools and many different methodologies. Read here to learn some of the basic to intermediate approaches. What’s a claim? A construction claim is a request made by a Contractor usually asking for time...
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...
Executive Summary Debt, at least in the American construction business, is helpful when it comes to growth. Here’s a couple reasons why. What is debt? When money is borrowed and then must be paid back, that money which must be paid back is called debt. On your...