According to the 2019 AFP Payments Fraud and Control Survey, 82% of organizations reported fraud incidents in 2018, and 43% experienced direct financial loss as a result. The construction industry isn’t exempt—56% of fraud cases are directly related to billing and check/payment, and the median loss reached approximately $250,000 in more than 40 fraud cases. […]
While not the most glamorous phase of construction, commissioning and handover plays an important role in building a foundational relationship of trust between a general contractor and their client. A recent report published by FMI examines how levels of trust directly impact project outcomes and financial performance. One of the report’s findings states that “firms […]
The RFI process requires collaboration from many project stakeholders and can often be a contributing factor in project delays. Standardizing these processes not only helps eliminate downtime between parties, but also opens the door to begin collecting and analyzing pertinent data to make informed business decisions in the future. Join this webinar on May 27 […]
With the digitization of construction processes and the use of mobile devices on jobsites, we are seeing more data captured from our projects than ever before. This data can be used to improve overall quality and reduce project risk. But, according to a study by FMI, 95% of that data is going unused by construction […]
Theft on a construction site is not uncommon, and it can have a significant impact on timelines, budgets and profits. With stolen equipment alone estimated at a billion dollars in losses each year, theft has been a problem that has plagued the industry since its inception. Luckily, as technology improves, construction leaders are finding better […]
We all know how important it is to catch design and constructibility issues early on in order to avoid costly mistakes or schedule delays. However, executing design reviews can be a disorganized and time-consuming process that often leads to rework. But it doesn’t have to be! Join this webinar to learn how construction technology can […]
Approximately 20 percent of a company’s vehicles will be involved in an accident this year, and commercial auto insurance costs are increasing. What can you do to control costs for your construction business and protect your people? Learn the ways to develop your fleet risk safety program and become a more desirable “risk” to insurance underwriters.
Contracts set the foundation for project success. Unbalanced contracts jeopardize project success and increase prices by up to 20 percent. Technology, legal developments and the insurance market have all changed dramatically during the past 10 years. Learn how comprehensive updates recently made by ConsensusDocs offer significant advantages to you and your projects over other standard […]
Telematics – the technology of sending vehicle data – sounds exciting, but is it useful for construction fleets? In this webinar, Tenna will explain how telematics can be used by a wide variety of construction companies in both passenger and heavy-duty commercial vehicles to help coordinate fleets, minimize maintenance costs and improve safety.
Construction business owners and managers often struggle with two opposing forces: the health and safety of their workers as drug and alcohol abuse rises, and the challenge of replacing those who may test positive. Learn about the steps to take to manage the evolving risks associated with substance abuse.