by Kurt Clayson | Nov 1, 2024
Financial protection purchased to cover potential risks associated with construction projects, such as property damage, injuries, or legal liabilities. Common types include general liability insurance, workers’ compensation, and builder’s risk... by Kurt Clayson | Nov 1, 2024
A collaborative approach in construction where labor resources are coordinated for efficiency and productivity. by Kurt Clayson | Nov 1, 2024
A project delivery method that integrates all participants through all phases of design and construction. by Kurt Clayson | Nov 1, 2024
The percentage charged on borrowed funds used to finance a construction project. Understanding interest rates is crucial for budgeting and managing the cost of financing. by Kurt Clayson | Nov 1, 2024
A formal request issued by a project owner or developer inviting contractors to submit proposals for a construction project. The ITB includes project details, specifications, and requirements necessary for contractors to prepare accurate bids.