What can builders do to limit their exposure to claims arising from poor tiling and waterproofing installation?

IPromise’s escrow app for contractors offers a simple, cost effective way to ensure you get paid immediately on completion of agreed milestones. There’s no more chasing of unpaid invoices or bad debts, resulting in improved cashflow and client relationships.

The top risks faced by builders were compiled during Builtin’s risk management workshops at the ITM LBP Training Days in 2024. Almost 1,000 builders, ranging from individual LBPs to owners of large construction businesses, were asked to identify the top 5 risks that would impact the survivability of their business.

In the construction industry, the relationships between various parties, such as owners, architects, contractors and subcontractors, are often complex. One critical aspect of these relationships is the concept of non-delegable duties, which has significant implications for the liability that building contractors bear for the actions or errors of their subcontractors.

It’s common for building companies to engage labour-only contractors instead of taking on employees. This article highlights some of the liability & insurance issues this raises for labour-only contractors.

Customers refusing to pay or cancelling jobs at the last minute has been identified as the most serious business survival risk according to a survey of builders carried out by construction risk specialist Builtin in July 2024.

Recorded in July 2024, check out our webinar with Sean McCarthy from Legaleze as he runs through the key areas to be aware of in construction contracts.

In reality, eliminating all risk is impossible, but the next best thing is plan for it, so that if stuff does happen its impact on the business is minimised. This is a critical responsibility for business owners and directors. Comprehensively addressing risk sets the business up for future success.