Category: Insurance & Leasing
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Veriforce Acquires Highwire to Expand Contractor Risk Management Capabilities
Veriforce has acquired Highwire, a U.S.-based provider of contractor prequalification and risk management solutions for the construction and capital projects sector. The deal expands Veriforce’s reach in industries such as data centers, life sciences, advanced manufacturing, and healthcare, while combining Highwire’s construction-focused platform with Veriforce’s global safety and compliance expertise. Together, the companies now support…
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Streamlined Permitting: The Competitive Edge for On-Time, Profitable Construction Projects
The construction and building industries operate on tight margins and even tighter deadlines. As you undertake new commercial, residential, or infrastructure projects, a seemingly straightforward administrative step — the permitting process — often escalates into an unexpected and costly roadblock. Traditional permitting, a complex administrative maze of applications, reviews, and inspections, can introduce significant delays…
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Understanding Construction Contract Insurance Requirements: How to Avoid Costly Gaps and Legal Risks
It is critical for contractors to understand the insurance requirements in construction contracts, as these projects carry very high levels of liability and risk. Construction involves moving variables, dangerous environments and hazardous conditions that can generate serious losses. Risks include fires, trench collapses, accidents and even loss of life. Insurance is essential to protect the…
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Four Challenges Facing Construction in 2025 — and How Equipment Leasing Helps Contractors Stay Competitive
The construction industry is being stressed from many sides, but it has strong fundamentals and performed well in 2024. What challenges and opportunities do the industry face, and how are construction firms dealing with them? Here, we break down some of the challenges and explain how equipment leasing and financing is helping construction companies better…
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Copper Tariffs and Construction Site Theft: How Contractors Can Strengthen Security and Prevent Losses
Theft is a phenomenon that follows the news cycle. In a year marked by economic uncertainty and seismic changes in international trade, thieves have taken notice. Increasingly, they see opportunity on construction sites. With the August 1, 2025 rollout of 50% tariffs on semi-finished copper products entering the U.S., construction sites have suddenly become more…
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Construction Insurance Outlook 2026: How Contractors Can Manage Rising Costs, Labor Shortages and New Risks
Construction business leaders know how quickly market conditions can shift. Tariffs, labor shortages, and inflationary pressures are changing the cost of doing business, while technology and legal risks evolve just as rapidly. In this environment, a “set it and forget it” approach to renewing your insurance policy can leave gaps and create costly surprises. According…
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How the One Big Beautiful Bill Act Boosts Construction Equipment Investment and Tax Relief
According to the Equipment Leasing and Finance Foundation, 42% of businesses plan to increase their equipment and software investments this year, with 32% citing increasing labor costs and labor shortages as the primary reason. For construction companies navigating these pressures, the Trump Administration’s “One Big Beautiful Bill Act” (P.L. 119-21) (“OBBBA”) can bring significant tax…
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Revizto: Top 5 Challenges Slowing Global Infrastructure Projects
Global infrastructure projects continue to face major setbacks, with political instability, fragile supply chains, and outdated delivery models among the leading obstacles, according to new research involving leaders from projects such as Heathrow, JFK and Network Rail. The World Bank estimates nine in 10 projects face delays or cost overruns, while McKinsey calculates inefficiencies at…
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Why Training and Maintenance Are Critical for Roadside Crash Cushions and Safety Systems
In highway work zones and along high-speed corridors, impact attenuators and crash cushions often serve as the last line of defense between a vehicle and catastrophe. These safety systems are engineered to absorb impact, redirect vehicles that veer off course, and protect both motorists and workers. Even the most rigorously tested device can fail if…
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Construction Input Prices Edge Up in August as Energy Costs Decline
Construction input prices rose 0.2% in August compared to July, according to an Associated Builders and Contractors analysis of U.S. Bureau of Labor Statistics data. Nonresidential construction input prices also increased 0.2% for the month. Year over year, overall construction input prices are 2.3% higher, while nonresidential input prices are up 2.6%. Declines in energy…