Construction
November 24, 2021
Managing the Construction Worker Shortage
A new report released by the Home Builders Institute (HBI) predicts that the construction industry may be on the cusp of an employee shortage crisis. The HBI’s Fall 2021 Construction Labor Market Report—based on data analysis from the Bureau of Labor Statistics—estimates that an additional 2.2 million new hires will be necessary over the next...
November 11, 2021
Construction Sector Faces Risk Management Hurdles
SAN DIEGO – The construction sector faces a broad range of risk management and productivity challenges that need to be overcome for the sector to thrive, a construction executive said Monday. The COVID-19 pandemic, social unrest, rapid technological change, personnel shortages and climate change have combined to pose serious threats to companies operating in the...
November 9, 2021
Building a Culture of Wellbeing in a Hybrid Workforce
Hybrid models of working — with some employees remote, some in the office and some with a varied schedule — are here to stay. While this flexible approach is appealing to employees, it often poses a challenge for employers who wish to build and maintain a vibrant and productive workplace culture. We know that culture...
October 27, 2021
Prioritizing Mental Health in the Construction Industry
There’s a variety of potential health and safety exposures for construction employers like you to consider at the job site, including falls from height, electrocution hazards and struck-by incidents, to name a few. Yet, one concern that often gets overlooked is employees’ mental well-being. Recent research found that over 80% of construction workers have felt...
October 18, 2021
Boost Your Company’s Safety Culture
Safety culture is a much-discussed concept these days, but what does it actually mean? According to the Occupational Safety and Health Administration’s (OSHA) Construction Safety & Injury Prevention Program Workbook, “a culture is an attitude that develops over time, based upon learning, personal experiences, beliefs, and upbringing; and is widely demonstrated by company staff. While adjusting...
September 27, 2021
How to Safely Utilize Temporary Heaters at the Construction Site
As summer ends and outdoor temperatures begin to drop, it’s important for construction employers like you to find ways to keep the job site warm. Doing so can offer a variety of benefits, such as ensuring employee comfort, preventing frozen pipe concerns and permitting construction materials and equipment to function appropriately in cold weather. Temporary...
September 22, 2021
Catastrophes and COVID-19 Fallout Proving Especially Challenging for Real Estate Companies
Among the many industries suffering from the dual impact of COVID-19 and severe weather events, few would want to trade places with the real estate sector. Between tenants having difficulty paying rent or trying to break leases, a myriad of rules around COVID-19 safety, volatile construction material and labor costs, and record-breaking hurricane and wildfire...
August 27, 2021
Cyber Liability Coverage in the Construction Industry
In recent years, cyber incidents have surged in both cost and frequency. These incidents have become a pressing concern for organizations of all sizes and sectors—and construction companies are no exception. Although employers within the construction industry may think that their cyber exposures are minimal, this often isn’t the case. Rather, such vulnerabilities can come...
August 19, 2021
Structural Issues and Aging Buildings
While modern building codes and structural engineering have made buildings extremely safe, facilities managers must maintain a high level of upkeep for them to remain that way. As buildings age, they can lose their structural integrity. As such, if simple repairs are left untended, they can balloon into bigger issues, potentially causing significant damage that...
August 11, 2021
LIHTC Recapture Bonds: Top Questions Answered
We recently interviewed CMR’s Principal/President and Surety Practice Group Leader, Travis Pearson on the top questions that we receive regarding the LIHTC Recapture Bond. While the IRS no longer requires a disposition bond (IRS form 8693) to avoid tax credit recapture in the event of ownership disposition in a Low Income Housing Tax Credit Section...