𝗡𝗮𝘃𝗶𝗴𝗮𝘁𝗶𝗻𝗴 𝗦𝘂𝗽𝗽𝗹𝘆 𝗖𝗵𝗮𝗶𝗻 𝗖𝗵𝗮𝗹𝗹𝗲𝗻𝗴𝗲𝘀 𝘄𝗶𝘁𝗵 𝗦𝘂𝗽𝗽𝗹𝘆 𝗕𝗼𝗻𝗱𝘀 In the fast-paced world of design and construction, every detail counts. Supply chain disruptions, from global shipping turmoil to regional challenges, can significantly impact project timelines and costs. But there’s a solution: Supply Bonds. In our latest article, Cooper Smith, Senior Vice President at Greyling, delves into the crucial role of supply bonds in mitigating supply chain risks. Learn how these bonds can safeguard your projects by ensuring timely delivery of essential materials or providing financial compensation in case of supplier default. 🔍 𝗞𝗲𝘆 𝗧𝗮𝗸𝗲𝗮𝘄𝗮𝘆𝘀: • 𝗣𝗿𝗼𝘁𝗲𝗰𝘁𝗶𝗼𝗻 𝗔𝗴𝗮𝗶𝗻𝘀𝘁 𝗦𝘂𝗽𝗽𝗹𝗶𝗲𝗿 𝗗𝗲𝗳𝗮𝘂𝗹𝘁: Supply bonds ensure you receive contracted goods on time or get compensated. • 𝗖𝗼𝗻𝘁𝗿𝗮𝗰𝘁𝘂𝗮𝗹 𝗦𝗮𝗳𝗲𝗴𝘂𝗮𝗿𝗱𝘀: Well-drafted contracts can shield your business from delays beyond your control. • 𝗥𝗶𝘀𝗸 𝗠𝗮𝗻𝗮𝗴𝗲𝗺𝗲𝗻𝘁: Integrating supply bonds into your strategy enhances project execution and resilience. At Greyling, we understand the unique challenges faced by design professionals. Let us help you navigate these complexities and achieve greater success. Contact us today to learn more about how supply bonds can benefit your projects. #SupplyBonds #RiskManagement #Construction #DesignProfessionals --------------- Greyling Insurance Brokerage & Risk Consulting, a division of EPIC Insurance Brokers & Consultants, is a specialty insurance brokerage and risk consulting focused on construction and design professionals. We understand how our clients’ businesses operate based on personal experience and we influence exceptional management of risk across their enterprises and construction projects. Our approach to risk management and transfer delivers more stable and predictable outcomes for our clients – protecting their business and personal finances and allowing individuals and companies to focus on what truly matters – meaningful and innovative improvements to the built environment. Cooper Smith Senior Vice President cooper.smith@greyling.com
Greyling Insurance Brokerage & Risk Consulting, a division of EPIC’s Post
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In the world of construction, where uncertainties and risks are inherent, ensuring the longevity and prosperity of a business is paramount. While traditional insurance approaches have long been relied upon to mitigate risks, captive insurance stands out as a groundbreaking solution that empowers construction companies to build their future with wealth and stability. Just like constructing a solid foundation for a building, captive insurance lays the groundwork for long-term success, providing greater control, cost savings, and customized risk management strategies tailored to the unique needs of the construction industry. #cicservices #constructionindustry #riskmanagement #captiveinsurance https://lnkd.in/eSwmZTai
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In the world of construction, where uncertainties and risks are inherent, ensuring the longevity and prosperity of a business is paramount. While traditional insurance approaches have long been relied upon to mitigate risks, captive insurance stands out as a groundbreaking solution that empowers construction companies to build their future with wealth and stability. Just like constructing a solid foundation for a building, captive insurance lays the groundwork for long-term success, providing greater control, cost savings, and customized risk management strategies tailored to the unique needs of the construction industry. #cicservices #constructionindustry #riskmanagement #captiveinsurance https://lnkd.in/eSwmZTai
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Acquisitions in the AEC industry have increased exponentially over the past decade thanks to an influx of PE money. For more on this topic, read this article. #privateequity #architects #engineers #designprofessionals #construction
Over the last three years, more than AEC 400 companies have been acquired annually, a pace unprecedented and twice the rate observed a decade ago. These acquisitions by private equity (PE) firms usher in complex challenges tied to a specific time frame for targeted return on investment. Consequently, AEC firms need to learn how to anticipate and navigate the expectations of PE investors to build and maintain a strong working relationship over time. Read this article to learn what you need to know about PE investment in AEC firms. #privateequity #architects #engineers #designprofessionals #construction --------------- Greyling Insurance Brokerage & Risk Consulting, a division of EPIC, is a specialty insurance brokerage and risk consulting focused on construction and design professionals. We understand how our clients’ businesses operate based on personal experience and we influence exceptional management of risk across their enterprises and construction projects. Our approach to risk management and transfer delivers more stable and predictable outcomes for our clients – protecting their business and personal finances and allowing individuals and companies to focus on what truly matters – meaningful and innovative improvements to the built environment. Gregg Bundschuh, JD Co-Founder & Managing Principal gregg.bundschuh@greyling.com Gregg Bundschuh is a co-founder and an equity partner of Greyling Insurance Brokerage. He is nationally recognized for his active role in addressing emerging issues that affect the construction, design, and development communities. He advises clients of the firm on their insurance programs and risk management strategies. He also provides guidance to industry organizations such as the Associated General Contractors of America (AGC), the American Institute of Architects (AIA), the American Council of Engineering Companies (ACEC), and the National Council of Architectural Registration Boards (NCARB). Gregg’s unique perspective on risk and insurance issues reflects his background as a construction lawyer, a general counsel to an international design firm, and an insurance broker and risk consultant. Gregg’s experience includes design of customized insurance policies for risks associated with building information modeling (BIM) and integrated project delivery (IPD). He has developed insurance and risk management programs for domestic and international firms in a wide range of industries. In addition, he has spoken before dozens of national and international gatherings concerned with design, construction, risk management, and insurance matters.
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In the world of construction, where uncertainties and risks are inherent, ensuring the longevity and prosperity of a business is paramount. While traditional insurance approaches have long been relied upon to mitigate risks, captive insurance stands out as a groundbreaking solution that empowers construction companies to build their future with wealth and stability. Just like constructing a solid foundation for a building, captive insurance lays the groundwork for long-term success, providing greater control, cost savings, and customized risk management strategies tailored to the unique needs of the construction industry. #cicservices #constructionindustry #riskmanagement #captiveinsurance https://lnkd.in/gFh2Gusz
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In the world of construction, where uncertainties and risks are inherent, ensuring the longevity and prosperity of a business is paramount. While traditional insurance approaches have long been relied upon to mitigate risks, captive insurance stands out as a groundbreaking solution that empowers construction companies to build their future with wealth and stability. Just like constructing a solid foundation for a building, captive insurance lays the groundwork for long-term success, providing greater control, cost savings, and customized risk management strategies tailored to the unique needs of the construction industry. #cicservices #constructionindustry #riskmanagement #captiveinsurance https://lnkd.in/gvCYhVFV
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