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Collection Agency for Construction Equipment Rental

Nexa Collect

Construction equipment companies have an ongoing requirement for debt collection from businesses (and sometimes individuals) who do not pay the agreed-upon rental dues on time.

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Best Construction Insurance Companies

Nerd Wallet

Construction professionals face various risks, from on-the-job injuries and equipment theft to timeline delays and customer lawsuits. The best construction insurance companies offer customizable policies so you can get the right coverage based on. The article Best Construction Insurance Companies originally appeared on NerdWallet.

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Construction sector has the highest rate of Insolvencies

UK debt collections

The Construction sector was the worst hit industry for insolvencies in the year to April 2024, the Insolvency Service has revealed. Some 4,401 construction companies in England and Wales registered as insolvent in the period – 18 per cent of all businesses to do so.

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Startling rise in construction firm recovery loan defaults

UK debt collections

A startling rise in construction firms defaulting on covid loans could signal a wave of future business failures. The default rate in construction is 2.5% – more than twice the default rate of some other sectors, such as arts and entertainment (1.3%) and healthcare (0.8%).

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Webinar: 15 Critical Construction Contract Provisions

Jimerson Firm

On Wednesday, March 3, 2021 from 12:00 PM-1:00 PM, three of our partners will present 15 Critical Construction Contract Provisions: How to Use Them to Protect the Project and Your Bottom Line. Construction project contracts have varied nuances and needs depending on the specific project and its scope of work to be performed.

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Construction Contractors Beware the Consequences of Consequential Damages

Jimerson Firm

Consequential damages for breach of a construction contract are a significant risk that contractors need to understand and be aware of in connection with construction projects. For example, suppose a contractor is required to complete the construction of a 250-unit apartment complex within 9 months. 1] Keystone Airpark Auth.

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Overview of Construction Teaming Agreements in Florida

Jimerson Firm

Teaming agreements in the construction world, also referred to as teaming arrangements, are agreements between two or more independent companies to combine their resources, abilities, and knowledge, for the purpose of obtaining and, if successful, performing a competitive bid construction contract. Types of Teaming Agreements.