Types of Construction Insurance - The Complete Guide
Oct 2, 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, cement mixers, etc.) and the businesses that use them.
U.S. Cities Investing the Most in Home Improvements
Oct 15, 2024 · *Home improvement loans per 1K owner-occupied households. Full Results Methodology. To find the locations investing the most in home improvements, researchers at Construction Coverage analyzed the latest data from the Federal Financial Institutions Examination Council’s 2023 Home Mortgage Disclosure Act, the U.S. Census Bureau’s 2022 American Community Survey, and Zillow’s Zillow Home ...
What Is a Punch List? Examples & Templates - Construction …
Aug 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 Best Builders Risk Insurance Companies for 2024
Oct 17, 2024 · Builders Risk vs. Property Insurance. Commercial property insurance covers all types of commercial property (buildings, inventory, furniture, etc.) against covered causes of loss, such as fire, theft and natural disaster. However, when businesses renovate or build new buildings on their property, the additions are not covered by standard commercial property insurance policies while they are ...
What is an Owner-Controlled Insurance Program (OCIP)?
Oct 7, 2024 · Understanding Owner Controlled Insurance Programs. 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.
U.S. Cities Building the Most Multi-Family Housing
Nov 6, 2024 · *Share of new housing units authorized in multi-family structures. Methodology. The data used in this analysis is from the U.S. Census Bureau’s 2023 Building Permit Survey and 2023 American Community Survey.To determine the locations building the most multi-family housing, researchers at Construction Coverage calculated the share of new privately-owned housing units authorized by building ...
U.S. Cities With the Highest Rent Prices - Construction Coverage
Nov 14, 2024 · *Median monthly rent. Methodology. The data used in this study is from the U.S. Department of Housing and Urban Development’s 2025 50th Percentile Rent Estimates dataset and the U.S. Census Bureau’s 2023 American Community Survey 1-Year Estimates.To determine the locations with the highest rent prices, researchers at Construction Coverage calculated a median monthly rent estimate across ...
General Contractor - Definition, Responsibilities, & License …
Oct 9, 2024 · What is a general contractor, and what do they do in construction? Find the definition, responsibilities, and licensing requirements for GCs.
Submittal – Definition and Examples | Construction Glossary
Nov 4, 2024 · What Is a Submittal? In construction, submittals are documents, information, or samples that address outstanding questions and plan details for a construction project. Subcontractors typically send submittals to a general contractor and the primary stakeholders to expand upon the initial project plans, which are missing details that are difficult or impossible to determine early in the ...
The Best Construction Estimating Software for 2024
Nov 7, 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 for the development of the structure or infrastructure.