Learn how to review a Certificate of Insurance (COI) the right way. This guide covers what to look for, how to extract contract requirements, common compliance mistakes, and how Billy’s AI Review Assistant automates COI and endorsement review.
Looking for the best COI tracking software? This guide compares the top tools and explains why Billy’s AI delivers the most accurate COI and endorsement review for contractors.
Construction projects are inherently complex, involving multiple stakeholders such as contractors, subcontractors, suppliers, and property owners. Each project carries unique risks, including financial, legal, environmental, and safety concerns. Without proper risk management strategies in place, businesses may face costly claims, project delays, or even legal disputes. Managing Risk in Construction Projects One of the most…
Unexpected challenges in construction can make or break a project. From financial uncertainties to safety hazards and environmental concerns, the risks are endless—but they don’t have to derail your success. The key? A strategic, step-by-step approach to construction risk management that keeps projects on track, budgets intact, and teams prepared for anything. Project managers can…
Deciding to implement new software and technology within your construction compliance management process can feel overwhelming. From onboarding, to integrating with all your preexisting software, it seems like a daunting task. At Billy, we completely understand that feeling. As a result, we developed a seamless and intuitive solution for those across the construction industry tasked…
According to McKinsey, construction is one of the largest industries in the world, with more than $10 trillion spent on construction goods and services. Because of fragmentation and underinvestment in digital technology in business operations such as accounting and compliance, labor productivity has averaged only 1 percent yearly compared to 2.8 percent in other industries. …
Imagine this scenario: A construction company is building on a tight budget. To keep costs down and ensure the project stays on track, the team relies on manual methods, like tracking insurance in Excel. However, when a subcontractor’s insurance policy expires, it goes unnoticed by the project team, and they fail to request an updated…
