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Workers’ Compensation Insurance: What Is It and Who Needs It?

In the last of our blogs about all the different types of insurance that affect commercial contractors and their owner/developer clients, we’ll take a look at workers’ compensation insurance. From an historic point of few, workers’ comp was developed in the early 20th century to protect businesses from being sued by injured workers, and doing the right thing by injured workers and their families. Today, modern workers’ compensation laws provide fairly comprehensive and specific benefits to workers who suffer workplace […]

Goodwill Retail Store Gets a Makeover

Superstores are no longer solely the domain of Walmart and Target. Gulfstream Goodwill is now in the game with the opening of their new superstore at 4895 Okeechobee Blvd. in West Palm Beach. At 26,700 sq ft, GSD Contracting, renovation contractor, noted that this is the largest store in Gulfstream Goodwill’s history. Given the well-attended grand opening, it’s already a mecca for local shoppers. At 40,000 sq ft, the Babies”R”Us store at this location had served local parents for many […]

Did You Know Your Business Is In A Flood Zone?

Flood zones are especially prevalent in South Florida, however practically every structure in the country is in a flood zone because the government has created and periodically updates maps that dictate flood risk across the US. You may think your business is high and dry, but floods happen with regularity and often without warning and the destruction they cause can be devastating. Commercial Contractors are often called to fix damage after a storm or other flood causing events. In this […]

commercial-contractor

Who Needs Commercial Automotive Insurance? Probably You!

In our continuing series about the different types of insurance requirements in commercial contracting (both contractors and their clients), we’ll now take a look at whether a commercial policy is necessary as a replacement for personal auto insurance. Here are some factors that would make commercial vehicle insurance a wise choice: You use your vehicle to transport goods or people for a fee, or you use your vehicle to conduct a service (i.e., real estate development, commercial real estate sales) […]

Commercial Real Estate In Miami Gets A Boost From Luxury Retail

Purveyors of luxury retail brands have their sights set on Miami now more than ever before, and these exalted brand emporiums are opening in some neighborhoods that will surprise you. For years, Bal Harbour Shops in Miami Beach has been the place to go for names like Louis Vuitton, Valentino, Prada, Tiffany & Co., and Harry Winston, to name a few, but some luxury retailers are leaving and others are opening additional outlets nearby. Nowhere is there more new luxury […]

Builder’s Risk Insurance and Why You Need It.

If you read our earlier blog post about Bid Bond Insurance, which protects the owner/developer during the bidding process, now you’re ready to move on to the construction stage. That’s where a type of property insurance called Builder’s Risk insurance comes into play. A lot of money is at stake in any commercial contract. If the building under construction is damaged by fire, theft, lightning, hail, vehicle crashes (into covered property), or vandalism and adequate insurance coverage is not held […]

construction-estimating

How To Control Commercial Construction Costs

With the rising cost of materials and labor, it is your general contractor’s duty and responsibility to keep a tight reign on costs. Cost control is one of the most important aspects of meeting client budget expectations. Over the years, we’ve found several areas where we pay particular attention to this end. Good Design Pays For Itself Choose your architect and designer carefully. These professionals are crucial at the planning and drawing stage. A well-conceived plan will eliminate costly design […]

Could 3-D Printing Revolutionize the Construction Industry?

3-D printing is all the buzz at the moment. Almost weekly, we’re reading about how researchers are developing tiny electronic parts and implantable medical devices on small-scale 3-D printers. On a larger scale, the SpaceX Falcon 9 rocket, launched in January of 2014, had 3-D printed parts in its engine onboard. So what about 3-D printing on a super macro scale—homes, commercial and public buildings? Exciting things are happening. First, a definition is in order. We liked the way Richard […]

construction-contractor

Bid Bonds Protect Your Construction Project in the Bidding Process

Long before shovels hit dirt in a groundbreaking ceremony, as a commercial owner/developer, you should educate yourself on the Bid Bond process, which exists for your own protection. First, some definitions. A Bid Bond is a type of guarantee that a building contractor will bid accurately, has in place an ability to bond the project, and is qualified to perform under the terms of the contract. It is one type of bond that falls under the category of contract surety […]

Commercial Owner’s Insurance Guide

Insurance isn’t anything most of us want to wrap our heads around, but it is an absolutely necessary part of being in business. Here’s a quick recap on the types of insurance you should make certain your building contractor has before finalizing a building contract.   General Liability Insurance  This is key coverage for commercial contractors. General Liability Insurance protects contractors against injuries, accidents or property damage suffered on job sites. When workers accidentally damage property, this is the coverage […]

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