Civil Engineer BLOG

When planning to build, many consumers are confused as to what protection is available to them, what is needed or recommended and what the bonds and insurances are actually protecting you against.
With that in mind, we have gathered a few of the most common protections with brief descriptions:

All Risk Insurance

As a purchaser, you should ensure that your contractor takes out an All-Risk or Builder’s-Risk policy in which he names you as one of the beneficiaries. This type of insurance policy is project specific – meaning that the policy is for your building construction only. This policy would be in addition to the contractor’s general business insurance and his liability policy. (You can – and should – request proof of these last two policies.) Read the rest of this entry »

Construction and development loans are loan options that are made available to businesses when there is a need to construct a commercial property, but there will not be any income generated until after the property is completed and capable of production or retail activity that will generate revenue. It is possible to apply for loans of this type from many banks and other lending institutions. The duration of the loan may range anywhere from a few months to several years, depending on amount of time required to complete the construction and allow the business to begin selling goods and services as a source of income. Read the rest of this entry »

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ASTM International, originally known as the American Society for Testing and Materials, is an international standards organization that develops and publishes voluntary consensus technical standards for a wide range of materials, products, systems, and services. The organization’s headquarters is in West Conshohocken, Pennsylvania, about 5 miles northwest of Philadelphia.

ASTM predates other standards organizations such as BSI (1901), DIN (1917) and AFNOR (1926), but differs from these in that it is not a national standards body, that role being taken in the USA by ANSI. However, ASTM has a dominant role among standards developers in the USA, and claims to be the world’s largest developer of standards. Using a consensus process, ASTM supports thousands of volunteer technical committees, which draw their members from around the world and collectively develop and maintain more than 12,000 standards. Read the rest of this entry »

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