What Is a Punch List? Examples & Templates - Construction …
WEBAug 20, 2024 · A punch list, sometimes called a snag list, is a document created in the final stages of a construction project to provide a list of items that must be addressed before construction is complete and payment is issued. The owner, architect or designer, and general contractor usually make the list while they tour and visually inspect the project.
Types of Construction Insurance - The Complete Guide
WEBApr 18, 2024 · Something to note is that a more specific policy type—commercial truck insurance—falls under the umbrella of commercial auto. While commercial auto insurance is a broad term that covers a wide range of vehicles used for business purposes, commercial truck insurance specifically applies to large vehicles (such as dump trucks, semi-trucks, …
The Best Takeoff Software for Construction in 2024
WEBSep 6, 2024 · Final Verdict. PrebuiltML is a powerful Windows-based takeoff software for professional tradesmen, general contractors, builders, framers, and dealers. With an affordable price and solid features suitable to most trades, PrebuiltML is also one of our Runner-Up picks for the best takeoff software.
The Best Builders Risk Insurance Companies for 2024
WEBSep 12, 2024 · The Hartford is one of the most financially stable companies offering builders risk insurance. AM Best, Moody’s, and S&P all rated The Hartford with top marks, at A+, A1, and A+ ratings, respectively. The Hartford does not specialize exclusively in construction-related insurance products.
U.S. Cities Building the Most Homes - Construction Coverage
WEBSep 13, 2024 · As of Q2 2024, the median home sale price declined 6.8%—down from just over $442,000 in Q4 2022. But while a leveling-out in demand may have helped to slow down price growth, these measures cannot solve another fundamental challenge in the U.S. housing market: a major shortage of housing supply.
Request for Information (RFI) - Glossary - Construction Coverage
WEBAug 20, 2024 · In construction, RFI is an abbreviation for Request for Information. It refers to a solicitation of details or additional information about an aspect of the project that needs clarification. RFIs may be sent to or from anyone involved in the construction project, including the owner, construction manager, general contractor, architect, designer ...
Best-Paying States for Women in Construction
WEBSep 16, 2024 · Median wage for women in the construction industry (adjusted): $60,029. Median wage for women in the construction industry (actual): $63,878. Median wage for women across all occupations (actual): $64,275. Female share of total construction industry employment: 8.1%. Photo Credit: Gary718 / Shutterstock.
What Is an Owner Controlled Insurance Program (OCIP)?
WEBSep 5, 2024 · Owner controlled insurance programs are complex insurance products that can offer great opportunities for cost savings, superior risk management, and streamlined insurance claims processing for property owners and/or construction project managers. However, getting started with an owner controlled insurance program is more involved …
Construction Jobs With the Fastest-Growing Wages
WEBSep 16, 2024 · In the third quarter of 2023, median weekly earnings for full-time construction and extraction occupations reached an all-time high of $992 and maintained that level in the first quarter of 2024. That figure is up just 1.1% nominally from a year prior (compared to an inflation rate of 3.2% over the same time period).
The Best Construction Estimating Software for 2024
WEBSep 6, 2024 · Understanding Construction Estimating Software. Construction estimating is part of the preconstruction bidding process, during which contractors and builders submit proposals, or bids, to project owners, offering to provide services or supplies for a construction project.These bids summarize the costs that the contractor expects to pay …