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Louisiana Court Enforces AIA Wavier of Subrogation to Preclude Carrier’s Recovery

Constructlaw

Fire broke out, resulting in a loss that was paid by the owner’s builder’s risk insurance. The contractor and subcontractors moved for summary judgment, asserting that the carriers’ claims were barred by the mutual waiver of subrogation contained in the prime contract. Myers Construction Corp., 3d 500 (La.

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AIA???s Updated Design-Build Documents Highlight Some Best Practices

Best Practices Construction Law

The American Institute of Architects (AIA) recently released seven updated documents in its design-build family. AIA Documents Overview. An AIA press release highlights the array of how AIA agreements seek to accommodate the various ways in which design build projects are delivered. Additional Changes.

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#127:  Subcontract "Flow Down" of Prime Contract Terms

NH Construction Law

Commercial construction subcontracts frequently incorporate by reference provisions of the prime contract between the owner and the general contractor, often with language requiring the subcontractor to assume toward the general contractor all duties owed by the general contractor to the owner. In Amerisure Insurance Co. In Costa v.

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Will AIA's Revised Contract Options Prompt More Insurance Coverage?

ENR Construction

In revising its standard form agreements, AIA calls out as optional additional coverage that could be added to builders' risk policies.

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7 Things Contractors Need to Know About Retainage

Fieldwire

It’s fairly common, especially on commercial and public construction projects, and typically ranges from 5 - 10% of the total contract price. So on a $100,000 contract with 10% retainage, the contractor doesn’t have to fork over ten grand at the beginning. Instead, the contractor will deduct the retainage from each payment application.

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#128:  Waivers of Subrogation

NH Construction Law

Subrogation – the right of an insurer, upon paying an injured party’s damages arising out of a negligence claim, to chase the negligent party for reimbursement – is a staple of the law. And the insurer will have no say in the matter. Notice that this clause expressly addresses only property insurance.

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Job Order Contract Execution Guide – Sample Template

Job Order Contracting

A Job Order Contract Execution Guide is a required element for any successful, best management practice JOC Program. JOB ORDER CONTRACT (JOC) EXECUTION GUIDE. The contract may consist of a collection of proposed institutional facilities type projects. The JOC will remain in effect for one year from date of contract award.

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