Monday, September 17, 2012

Are You Taking Unnecessary Risks In YOUR Company?

Are you taking risks with your company?  Risks that are unnecessary and could be avoided with the right procedures and controls in place?

Some of the unnecessary risks that I see repeated in companies that could cost you short term and in the long haul are:

  • Using 1099 labor in place of employees under workers compensation,
  • Allowing subcontractors to work without having a signed subcontract in place with all insurance and licenses necessary,
  • Not e-verifying employees that you hire to work for your company,
  • Failing to keep your policies and procedures up to date ,
  • Renewing your insurance policies each year without verifying that your coverage is still sufficient for the operations that you are undertaking,
  • Treating employees differently under the same circumstances, (ie: letting one show up late everyday while writing up another employee for being late a few times),
  • Unsuccessfully negotiating change orders or otherwise securing payment for your subcontractors on a project (undue enrichment on the part of the owner -- You have a responsibility to your subcontractors to get them paid -- regardless of pay when paid or pay if paid clauses which only apply in wrongdoing),
  • Failing to pay prevailing wages as required on a project,
  • Not keeping accurate accounting records,
Is your company at risk?  Are you guilty of any of these or others? We can help you out -- my book covers all of these items and more -- "Construction Administration Handbook".  You can find it on my website www.MyConstructionOffice.com.

We can also help you with all of this in person -- If you are in the greater Phoenix Area, please feel free to contact us.  

Charlene S Reed, Owner/Author
"Construction Administrator Handbook"
Responsible Business Services
www.MyConstructionOffice.com

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