For contractors, managing risk effectively can mean higher profits, lower operating costs, and capital that works harder … and smarter. As part of your advisory team, Marsh can show you how.
2,500+ construction clients… 350+ active projects with US$100+ billion in total value… 1,000 construction experts
Any breach or technology interruption that disrupts critical workflows and operations can lead to substantial losses for contractors and other project stakeholders.
The growing interest in surety bonds shows that companies not only want to mitigate financial risk, but are looking for the most efficient and cost-effective ways to do it.
Organizations need to be strategically positioned, ready to engage in the heightened competition facing the industry, and flexible enough to absorb an increasing level of risk.
While the construction industry has rebounded from the financial crisis, margins have generally remained tight. As a result, some firms are seeking new sources of revenue and profitability. Meanwhile, a shortage of skilled labor and risk of subcontractor default are concerns, adding more uncertainty to the mix.
Marsh helps you assess risks and opportunities and uncover ways to use working capital more efficiently. We measure your firm’s appetite for risk, recommend solutions that meet your needs, and take your program to market knowing the best markets for the best structure and pricing.
Our brokers combine deep construction industry expertise with our industry-leading analytics and predictive modeling engines to determine which risks to retain or transfer to make optimal risk-finance decisions, and then implement cost-effective solutions.
We take a fresh look at your risks, help you see around corners, consider all options, and work with you to make informed decisions on how best to protect and deploy capital and resources.
We always look to the bottom-line outcome for a better risk. Our objective is to lower costs, which translates into enhanced margins and a stronger balance sheet.
Large general contracting firms are especially vulnerable to multiple risk challenges, including subcontractor default and claims management, job-site safety, surety credit and contingent capital, and in-house design liability.
Serving nearly 300 large general contractors worldwide, Marsh can help you manage those risks by providing the following services:
For contractors and construction companies that provide services for project owners, subcontractor default and claims, job-site safety, surety credit and contingent capital, and in-house design liability lead the list of risk-management challenges.
Marsh can help you manage those risks by providing the following services:
Every day, large engineering and construction (E&C) firms, global contractors, national homebuilders, and construction managers face numerous risk issues. Among them: subcontractor default and claims, job-site safety, surety credit and contingent capital, and potential liabilities related to in-house design services.
Serving nearly 250 clients in the sector worldwide, Marsh can help you manage those issues by providing the following services: