Large construction projects need risk management and diversity playing to the same beat. We have invested significant time, revenue and other resources researching and crafting innovative solutions to create harmony among competing goals and requirements by risk management and diversity compliance.
Large projects grow increasingly complex when Risk Managers, Prime Contractors, and Owners fail to reconcile risk management and diversity compliance issues.
When developing the risk management and insurance program, someone should be in the room with a unique perspective of impact on diversity compliance caused by the demands of the risk management program. In negotiating insurance under controlled or consolidated insurance programs such as an OCIP or CCIP, it is important to address diversity compliance requirements and potential issues.
You need experienced professionals who have the ability to negotiate concessions from underwriters that make it easier to implement and administer the program at all levels.
Our team understands insurance, risk management, and the challenges risk management programs cause small, diverse contractors. Accommodating the concerns and goals of both risk management and diversity when the program is being developed heads off problems later.
We create customized insurance manuals, brochures, websites and other forms of communication that accurately explain the program, claim reporting procedures and safety requirements.
Contractors at all levels and sizes have problems accurately calculating the cost of insurance and diversity compliance in preparing bids.
Insurance program administrators need information to calculate bid credits. Diversity program administrators stress the need for information to gauge compliance with MBE/WBE/DBE participation at both owner and employment level. In Cities like Chicago, St. Louis, Washington DC and many others, you must also factor residency requirements within wards or council districts.
If you desire to save money and reduce aggravation, the contractor enrollment process must be designed to reduce paperwork and eliminate double reporting wherever possible.
Too often this burden falls on construction project managers who then divert attention from construction details to deal with administrative headaches that could be avoided by an enrollment process that goes beyond, a manual, website and a few meetings.
Too often construction site project managers must divert attention from construction details to deal with administrative headaches that could be avoided by an enrollment process that goes beyond, a manual, website and a few meetings.
The education and support services we provide to contractors of all sizes reduces this burden and allows project managers to stay focus on actual construction activities.
We supplement classroom and group training programs with one on one coaching in the areas a contractor may find difficult to understand.
This is a new and unique service. We are the only wrap up administration services company who has experience developing a contractor loan fund for Small/MBE/DBE/WBE firms.
We can help you develop a loan fund that contractors on your project can access to cover start-up job costs while awaiting payouts.
We assist in the loan fund design, underwriting and the selection of financial institutions to administer the program.
