Types of Construction Insurance - The Complete Guide
Oct 2, 2024 · Something to note is that a more specific policy type—commercial truck insurance—falls under the umbrella of commercial auto. While commercial auto insurance is a broad term that covers a wide range of vehicles used for business purposes, commercial truck insurance specifically applies to large vehicles (such as dump trucks, semi-trucks, cement …
The Best Construction Project Management Software for 2024
Nov 7, 2024 · CoConstruct is a construction management software company founded in 2005 and later acquired by Buildertrend. CoConstruct’s product has accrued more than 100,000 users, with many of them being residential builders and remodelers enthusiastic about the company’s tools for supporting construction businesses. Pros.
The Best Takeoff Software for Construction in 2024
Nov 7, 2024 · Final Verdict. PrebuiltML is a powerful Windows-based takeoff software for professional tradesmen, general contractors, builders, framers, and dealers. With an affordable price and solid features suitable to most trades, PrebuiltML is also one of our Runner-Up picks for the best takeoff software.
The Best Builders Risk Insurance Companies for 2024
Oct 17, 2024 · Builders Risk vs. Property Insurance. Commercial property insurance covers all types of commercial property (buildings, inventory, furniture, etc.) against covered causes of loss, such as fire, theft and natural disaster. However, when businesses renovate or build new buildings on their property, the additions are not covered by standard commercial property …
The Best-Paying U.S. Cities for Electricians - Construction Coverage
Oct 2, 2024 · Electrician employment is expected to rise by 10.8% from 2023 to 2033, far exceeding the 4.0% growth rate projected for all U.S. jobs. Electricians are also set to outpace their peers in related construction trades. While the overall construction trades sector is anticipated to grow by 6.2% by 2033, plumbers and roofers are projected to see ...
What is an Owner-Controlled Insurance Program (OCIP)?
Oct 7, 2024 · Owner controlled insurance programs are complex insurance products that can offer great opportunities for cost savings, superior risk management, and streamlined insurance claims processing for property owners and/or construction project managers. However, getting started with an owner controlled insurance program is more involved than setting ...
U.S. Cities Building the Most Multi-Family Housing
Nov 6, 2024 · Between 2009 and 2023, the share of new housing authorized that were multi-family units rose from 24.3% to 39.1%. Whereas in 2009 the U.S. built just over 141,000 new multi-family units, in 2023 the number was over 591,000. FOR LARGE CONSTRUCTION PROJECTS. Two new pieces of construction technology will make all the difference when …
Request for Information (RFI) - Glossary - Construction Coverage
Aug 20, 2024 · In construction, RFI is an abbreviation for Request for Information. It refers to a solicitation of details or additional information about an aspect of the project that needs clarification. RFIs may be sent to or from anyone involved in the construction project, including the owner, construction manager, general contractor, architect, designer ...
The Best Construction Estimating Software for 2024
Nov 7, 2024 · Understanding Construction Estimating Software. Construction estimating is part of the preconstruction bidding process, during which contractors and builders submit proposals, or bids, to project owners, offering to provide services or supplies for a construction project.These bids summarize the costs that the contractor expects to pay for the development of the …
What Is a Punch List? Examples & Templates - Construction …
Aug 20, 2024 · A punch list, sometimes called a snag list, is a document created in the final stages of a construction project to provide a list of items that must be addressed before construction is complete and payment is issued. The owner, architect or designer, and general contractor usually make the list while they tour and visually inspect the project.