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.
The Best Takeoff Software for Construction in 2024
Nov 7, 2024 · Construction Takeoff Software Cost. Construction takeoff tools are some of the most transparently priced technologies a buyer will research. While broader construction project management solutions may have more complex pricing models, takeoff providers will typically charge a flat fee to download the product or a monthly licensing fee for access to online products.
Cities With the Most Homebuyers Under 25 - Construction Coverage
Oct 24, 2024 · Note: This is the most recent release of our Cities With the Most Homebuyers Under 25 study. To see data from previous years, please visit the Full Results section below.. The red-hot residential real estate market that existed during the COVID-19 pandemic has cooled off, but finding a home remains challenging for many buyers.Elevated home prices and high interest rates have made it especially ...
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 ...
The Best Construction Project Management Software for 2024
Nov 7, 2024 · Procore Analytics. Procore offers much more than a slick interface, having one of the most complete feature sets of any tool we’ve reviewed. These features include tools for bidding, daily logs, drawings, emails, meetings, project photos, punch lists, RFIs, scheduling, project specifications, submittals, time cards, and transmittals.Procore has also expanded to offer takeoff, estimating, and ...
What is an Owner-Controlled Insurance Program (OCIP)?
Oct 7, 2024 · OCIP vs. CCIP What is the difference between an owner controlled insurance program and a contractor controlled insurance program? In construction, OCIPs (Owner Controlled Insurance Programs) are paid for by the project sponsor or property owner, whereas CCIPs (Contractor Controlled Insurance Programs) are paid for by the lead contractor on the construction project.
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 ...
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 ...
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 ...
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.