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.
Construction Business Owner Magazine
WEBKeep Construction Projects Running Smoothly with Cloud ERP. 2025 Finance Trends. Browse Our Library. Construction Business Owner (CBO) is the leading business magazine for contractors and is designed to help owners of construction firms run successful.
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 ...
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 ...
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.
Understanding General Liability Insurance for Contractors
WEBDec 20, 2011 · The CGL policy provides coverage for liability arising from bodily injury, personal injury or damage to property of third parties. Some insurers have developed their own policy forms, but most subscribe to the standard ISO (Insurance Service Office) form. The most recent ISO edition for contractors is the CG 0001 1207.
13 Construction Technology Trends to Watch
WEBDec 9, 2020 · 1. Building Information Modeling. Building information modeling (BIM) has become the most commonly used technology in the construction industry. Seventy-three percent of United States contractors surveyed by Dodge Data & Analytics report utilizing BIM, with 79% of those using it on more than 30% of their projects.
Doosan Construction Equipment Rebrands as DEVELON
WEBSUWANEE, Ga. (Jan. 18, 2023) — The familiar brand of orange construction equipment known as Doosan will now be called DEVELON throughout the world. Under the new brand name, the company will continue providing innovative products and solutions that exceed expectations, further cementing its status as a global leader in construction equipment and solutions for the infrastructure industry.
How To Choose the Right Lawyer: Ten Points to Consider When …
WEBNov 2, 2011 · 2. Make Sure the Attorney has the Right Experience. The appropriate level of experience is one of the most critical criteria in selecting a lawyer. You want a lawyer with a track record of success with your type of problem. Such a record of experience will increase the likelihood that the attorney can help to resolve your problem successfully.