Search results for: “financial risk shifting”

  • Shifting Financial Risk – Take Your Company’s Neck Off The Line

    [slideshare id=27977111&doc=take-20financial-20risk-20neck-20off-20the-20line-131106143140-phpapp02] The financial risk shifting battle is a topic we’ve addressed a lot here recently, and something getting ink elsewhere (see, for example this ENR.com article: Owners Shift More Financial Risk].  All of the work we’ve put into the topic was condensed into a Construction Credit Education Webinar presented earlier today.  The slides from the…

  • CFMA Says Owners Are Shifting Financial Risks Down The Contracting Chain

    ENR.com and the Construction Financial Management Association (CFMA) recently published some articles suggesting that “cash-strapped public and private owners are shifting greater risk onto contractors through onerous deal terms” [Owners Shift More Financial Risk as Recovery Remains Sluggish]. This is true, but it’s not necessarily new.  As this article will explain, this risk shifting tug…

  • Quick Tips to Manage Financial Risk and Get Paid in Construction

    Quick Tips to Manage Financial Risk and Get Paid in Construction

    The ability to secure payment for labor and/or materials furnished to improve property is built directly into the laws of every single state in the country – all 50 of ’em, and all of the U.S. Territories too! These laws are incredibly powerful tools, however, you just need to meet the statutory requirements in order…

  • Construction Payment and Financial Risk: A Primer

    This article was originally published on November 25, 2014. It was updated on December 16, 2016. [hr] The way that payment works in the world of construction projects is unique. The credit heavy nature, the high number of businesses involved, and the lack of visibility into who is doing what work, make payment issues all-the-more…

  • Texas Subcontractor Risks In Focus at ENR Risks Summit

    The 3rd annual ENR Construction Risk Summit is approaching, providing contractors, owners, sureties, attorneys, and other construction stakeholders a forum to discuss and debate industry risks. The event’s agenda promises to help all stakeholders better “manage costly risks to achieve project success.” Catering to the summit’s 2015 locale being in Dallas, one focus on the agenda…