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Reducing Risk in a Sea of Red Tape: How Compliance Software Protects Construction

A short explanation of the importance of COI and permits tracking for general contractors (GCs) and developers in construction:

Construction may be about putting up buildings, but it also means navigating immense paperwork critical for licensing before projects ever break ground. Certificates of insurance, permits, safety plans – tracking this documentation thicket across multiple large sites strains small armies at major developer and contractor firms. Yet non-compliance invites major financial and legal crises should incidents arise involving improper licensing.

Without centralized oversight, something as routine as a subcontractor liability policy renewal falling through the cracks puts entire projects in jeopardy. Uninsured subs heighten accident exposure. Likewise, permits expiring during active work shutter jobs for weeks while reapplication crawls through bureaucracies, destroying budgets.

In racing to meet unrelenting build timelines, construction players traditionally relied on sheer manpower to manage this complex compliance web. But even large firms now buckle under digital transformation pressures. As portfolios expand and documentation multiplies, leaving compliance primarily to project administrators or legal clerks builds risk upon risk.

Beti digitized all permits and COI tracking

Beti Compliance Software provides construction leaders an intuitive yet expansive solution. Our secure cloud-based platforms continually cross-reference policies, licenses, permits and safety plans across all sites and partners. Automated tracking identifies expiration dates long before trouble strikes, while real-time dashboard reporting lets executives monitor status organization-wide.

With vast reduction of manual paperwork chasing, Beti customers gain assurance that revenue won’t hemorrhage from inadequate compliance filing. COOs maintain visibility on portfolio risk levels, while PMs and supers receive alerts before safety plans require renewal. In essence, construction leaders take back control over mission-critical documentation so projects steer clear of legal crises.

Bottom line, as construction projects accelerate in scale and complexity, lack of licensing oversight poses a threat equal to any earthquake or cyber-attack. Beti compliance software brings order to this chaos. We invite development firms and GCs to explore capabilities that promise a 360-degree perspective over operational risks – the deepest layer of insurance.

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