Protecting Contractors from Economic Loss in Construction Projects
[Updated on 3/8/2023]
Construction spending continues to reach historic heights. According to the U.S. Census Bureau, approximately $1.6 trillion is spent each year on domestic construction projects.
The increased spending correlates with an increase in the number of construction projects being executed. This ultimately translates to greater exposure and bottom-line risk for all companies involved in the supply chain within the construction sector. These companies include but are not limited to consultants, construction and project managers, design professionals, and builders.
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