Types of Construction Insurance - The Complete Guide
2024年10月2日 · 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 mixers, etc.) and the businesses that use them.
The Best Takeoff Software for Construction in 2024
2024年11月7日 · Construction Takeoff Software Cost. Construction takeoff tools are some of the most transparently priced technologies a buyer will research. While broader construction project management solutions may have more complex pricing models, takeoff providers will typically charge a flat fee to download the product or a monthly licensing fee for access to online products.
What is an Owner-Controlled Insurance Program (OCIP)?
2024年10月7日 · OCIP vs. CCIP What is the difference between an owner controlled insurance program and a contractor controlled insurance program? In construction, OCIPs (Owner Controlled Insurance Programs) are paid for by the project sponsor or property owner, whereas CCIPs (Contractor Controlled Insurance Programs) are paid for by the lead contractor on the construction project.
What Is a Punch List? Examples & Templates - Construction …
2024年8月20日 · 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.
U.S. Cities Building the Most Multi-Family Housing
2024年11月6日 · *Share of new housing units authorized in multi-family structures. Methodology. The data used in this analysis is from the U.S. Census Bureau’s 2023 Building Permit Survey and 2023 American Community Survey.To determine the locations building the most multi-family housing, researchers at Construction Coverage calculated the share of new privately-owned housing units authorized by building ...
The Best Builders Risk Insurance Companies for 2024
2024年10月17日 · 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 insurance policies while they are ...
The Best Construction Project Management Software for 2024
2024年11月7日 · Procore is one of the most popular and complete construction project management software products on the market. Its customer reputation is stellar, with an A- rating from the Better Business Bureau and positive reviews across the web.
Best Workers' Compensation Insurance Companies [2024 Edition]
2024年10月3日 · Workers’ compensation insurance (also known as workers’ comp or workman’s comp insurance) is a type of insurance coverage designed to provide financial protection for both employers and employees in the event of a work-related injury or illness.
The Best Handyman Insurance for 2024 - Construction Coverage
2024年10月7日 · We found the best handyman insurance policies based on customer reviews, price, coverage, and more. Read reviews of the best insurance for handyman businesses.
Submittal – Definition and Examples | Construction Glossary
2024年11月4日 · What Is a Submittal? In construction, submittals are documents, information, or samples that address outstanding questions and plan details for a construction project. Subcontractors typically send submittals to a general contractor and the primary stakeholders to expand upon the initial project plans, which are missing details that are difficult or impossible to determine early in the ...