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Subcontractor Default Insurance: Pros & Cons for General Contractors

Levelset

In addition, SubGuard does not provide protection against mechanics liens from unpaid second-tier subs and suppliers. If a subcontractor defaults on a project, the general contractor can make a claim with the insurance company to cover costs above their deductible and any loss reserve requirements. How SubGuard insurance works.

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Louisiana Public Contract Law: Material Supplier Notice Requirement

Construction Law Monitor

In many instances in Louisiana and other states, material suppliers must send notice to the owner, general contractor and the party who hired them in order to preserve some type of lien or bond claim right if not timely paid. The exact language of La R.S.

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Louisiana Public Contract Law: Material Supplier Notice Requirement

Construction Law Monitor

In many instances in Louisiana and other states, material suppliers must send notice to the owner, general contractor and the party who hired them in order to preserve some type of lien or bond claim right if not timely paid. The exact language of La R.S.