A recent industry trend is the use of “wrap up” insurance policies, which cover contractors and subcontractors working on large construction projects for a large variety of risks. As wrap up policies are used more often, here are ten things you should know about wrap-up insurance policies: Are a single risk management program for most […]
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Improving Cash Flow: Top Five Tips to Improve Your Cash Flow and Negotiate Better Subcontract Terms
Subcontractors and suppliers (collectively “subcontractors”) know all too well that cash flow is the lifeblood of your business. Yet many subcontractors overlook the vital role that subcontract clauses can have on affecting their ability to timely secure payment. Here are just a handful of tips about the top subcontract clauses that affect cash flow and […]
Private Work: How to Secure a Fair Contract + Get Paid
Don Gregory explains the ins-and-outs of private construction contracting. Private work is in many respects different from working on a public project, and those differences can often mean everything. With “Killer Contract Clauses” and bid shopping as commonplace as they are, contractors, subcontractors, suppliers, and many other construction companies must be well-versed in the art of negotiating […]