Executive Summary. Operating without a contractor’s license can be anywhere from inconvenient to illegal. Hear here why you should consider obtaining a license. Why do I need a license? More than a handful of contractors run their business out of the front seat of...
Claims Tools & Methodologies
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...
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...
Debt: You Need It
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...
Don’t Be Afraid of a Little Manual Work: It’s Ok
Executive Summary In a world now so heavily reliant upon computers, many construction professionals try to automate the entire process, of whatever they may be working on. Some things will still have to be manual, and that’s ok. The Problem The problem here is that I...
Estimating: Theoretical versus Production History
Executive Summary Many approaches exist for estimating – two of them being a theoretical approach versus a production history approach. One is based on what you think, the other on what you know. These terms may not be familiar to you, but the difference in execution...