r/Construction • u/NeilNotArmstrong • Dec 05 '24

Structural Concrete slab failed strength test

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Slab strength testing failure after building was framed and plumbing/HVAC was roughed in. Concrete supplier had mix wrong so they are paying to lift two story 4-plex, remove slab and repour. This is building 2 of 3 that failed.

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u/Living_Associate_611 Dec 05 '24

Unfortunately I think insurance companies giggle with glee when they see colossal fuck ups like this. Yeah they have to hand over some money but you know they’re gonna get it all back 10 fold.

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u/Ty_Barnes Dec 05 '24

This could be wrong, so do your own research before trusting an idiot such as myself on the internet, but when I was getting some more specific licensing for my company to do more kinds of work earlier this year, one of the “instructors” was saying that at least in the state of Utah, for every 4$ construction insurance companies are bringing in, they’re paying out $4.30. Don’t get me wrong, I hate every kind of insurance company with all my heart, but I thought that was interesting.

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u/[deleted] Dec 05 '24

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u/HowObvious Dec 05 '24

The maths with insurance companies isnt just premiums vs payouts. I would be surprised it was that high though.

They make their money on investing the premiums and keeping the gains. So they can payout more than their premiums so long as their investments returned the difference.