Is an Escalation Clause the Answer?
According to the NASBP, price escalation provisions are not one-size-fits-all and must be carefully drafted so that the escalation clause covers the majority of the contractor's pricing risk.
Construction Material Price Increases: How to Manage the Risk
Most GC’s, trades and material suppliers operate on narrow margins where increases like these could be detrimental to the industry. In this current reality, how do we manage through these times and remain profitable?
Risk Management Best Practices For Contractors
When we look at claims and incidents that happen across industries, we note that there will be a recurrence in some circumstances. Keeping U In Mind is an ongoing communication of real-world scenarios resulting in claims. The goal of providing Keeping U In Mind is to take a proactive step that will likely aid in the prevention of a recurrence of a potential risk that individuals or businesses are facing that are similar to others.
Oil and Gas Industry Challenges In 2022 And Beyond
The energy sector has experienced significant challenges in terms of prices, demand, supply, investment, and a variety of other issues. Some oil and gas companies have been able to resume normal operations now that the COVID-19 vaccine is widely available, but getting back to pre-pandemic normalcy hasn't been easy for everyone.
Slip and Fall Prevention Tips for the Oil and Gas Industry
Education is essential in preventing winter weather-related injuries. Consider the following recommendations to prevent slip and fall injuries.
Giving Tuesday
GivingTuesday can spark a surge of support for your organization to collect donations and raise awareness about your cause. While this day provides an opportunity for high-profile coverage and fundraising momentum, planning a campaign is up to you.
Contractors Pollution Liability Insurance
While many contractors assume that their commercial general liability (CGL) policy would cover environmental claims, the unfortunate reality is that most CGLs have pollution exclusions that leave contractors uninsured in the case of a pollution incident.
Biden Administration Launches Plan to Tackle PFAS Pollution
According to a recent whitepaper published by Environmental Risk Professionals, obtaining pollution liability insurance coverage to protect your company from PFAS-related lawsuits might be tough.
The Three-Day Right to Cancel – Why it Matters
Dealing with in-home sales has its drawbacks, but it is a vital aspect of working with homeowners. Always ensure that your contracts are compliant, contain language that complies with current legislation...
Construction Material Price Increases: How to Manage the Risk
Most general contractors, trades and material suppliers operate on narrow margins where current increases in the market could be detrimental. In this current reality, how do we manage through these times and remain profitable?