Understand Your Trailer GVWR (Gross Vehicle Weight Rating)
WEBNov 2, 2011 · While the GVWR is rated at 14,600 pounds, the GAWR or Gross Axle Weight Rating is still only 12,000 pounds and you cannot exceed that capacity rating. In this case, you still have to include the 2,600-pound trailer weight. That weight must be transferred to the tow vehicle, but that transfer is also limited by the hitch capacity.
How the Additional Insured Clause Puts Contractors at Increased …
WEBNov 2, 2011 · The following risk management protocols are recommended: Update all subcontracts and purchase orders to reflect these changes in additional insured endorsements. Many endorsements "follow" the subcontract requirements. Additional insured coverage will "mirror" the contract. Be specific on what is required.
How to Read Your Financials - Costs in excess of billings
WEBNov 2, 2011 · Working capital is defined as the total of "current assets" comprised of your cash, receivables, retainages, costs in excess of billings, work-in-progress, inventories and prepaid expenses minus your current liabilities. Your current liabilities are comprised of your lines of credit, principle payments of debt due within twelve months, accounts ...
A Contractor's Guide to OCIPs - Construction Business Owner …
WEBMay 24, 2012 · Mike Hastings is a national project risk practice leader within Marsh’s U.S. Construction Practice. Over the past 17 years, he has taken a lead role in developing and implementing Marsh’s consultative approach to construction project risk management, including risk identification, financial modeling, loss control and mitigation, insurance program design, and consulting services for company ...
The Most Common Types of Construction Fraud
WEBNov 2, 2011 · Falsifying Payment Applications. False pay applications account for more than half of construction frauds. These applications can happen several ways- through erroneous totals or line items, roll-forward errors, false invoices or inflated rates in the supporting invoices that do not reflect the actual costs incurred.
A Contractor's Guide to CCIP Insurance - Construction Business …
WEBJun 26, 2012 · Implementing a contractor controlled insurance program (CCIP) presents many potential benefits for general contractors, but CCIPs involve risks as well. Most programs include a deductible of $250,000, $500,000 or even higher per claim depending on the jurisdiction. Total deductible losses will typically be capped based on a fixed percentage of ...
Safety for Contractors Scaffolding - OSHA Scaffolding Regulations
WEBNov 2, 2011 · According to 1926.451 (a) (1), each scaffold and scaffold component must support, without failure, its own weight and at least four times the maximum intended load applied or transmitted to it. OSHA also says that a qualified person must design the scaffolds. There are two options for the loading of the scaffold.
WEB3. Analyze the Current Market Creating a marketing objective and performing a SWOT analysis provides you with two important pieces of the marketing puzzle:
The Disadvantaged Business Enterprise Program
WEBOct 21, 2019 · One of the most discussed and misunderstood arenas of the construction industry is the disadvantaged business enterprises (DBE) program. For those who already participate in the program or wish to own and operate a certified DBE, it is critical to know the history and rules of the system. Conceived in …
Construction Financial Ratios - Construction Business Owner …
WEBNov 2, 2011 · Use financial ratios and key performance indicators to track progress. Knowing your numbers is crucial to being a successful business owner. Financial ratios and key performance indicators (KPIs), which are a measure of employee performance, can be used to gauge your company's overall financial …
Skip to content