In order to protect your firm, contractual provisions such as disclaimers and other exculpatory language need to be carefully worded. Firms should assess the risk of project-specific provisions and work with local legal counsel to craft them appropriately. This is especially true when the provisions include any waiver of claims, requirements for a legal defense,…
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To Shred or Not to Shred
Every firm has documents that should be destroyed, not simply discarded. Documents must be destroyed because firms need to maintain confidentiality when dealing with employee, client or business records that contain personal or proprietary information. Furthermore, firms need to develop a formal document destruction policy that includes a schedule that is adhered to consistently. Every…
Read MorePlanning for Your Family’s Financial Security
Safe driving and accident prevention may help to ensure your safety, yet you can still be the victim of someone else’s mistake. Accidents kill someone every four minutes in America according to the National Safety Council. In fact, accidents are the leading cause of death for adult Americans under the age of 44. They are…
Read MoreBrace for Natural Disasters
Storms, especially hurricanes, can cause catastrophic damage along coasts and several hundred miles inland. They also trigger deadly floods, tornadoes, landslides and torrential rains. The tips below can help you, your family, and your firm prepare for a variety of natural disasters.
Read MoreTop 10 List of Long-Term Care Policy Considerations
Long-term care insurance is a relatively new type of insurance coverage that transfers the risk of needing expensive, long-term care services to an insurance company. Although there are many things to consider when purchasing a long-term care policy, the following are the ten most important considerations: A large, well-rated, experienced insurance company. The insurer you…
Read MoreBuilding Information Modeling and the Transition to Integrated Project Delivery
In its most basic form, building information modeling (BIM) is the move from analog to digital design and construction. It is a model-based technology linked with a database of project information. It is poised to fundamentally change the way projects are built and the way the project stakeholders communicate with each other. And while BIM…
Read MoreStraightforward Advice on Preserving Cash Flow
Professional service firms need to set appropriate fees for their services and collect those fees to stay profitable. Regular billing and follow-up will open communication about a client’s concerns that could otherwise lead to a fee dispute. Implementing billing controls can minimize the risks that come with trying to collect on an unpaid invoice. Enforcing…
Read MoreStraightforward Advice on Preserving Cash Flow
