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What Contractors Need to Know About Surety Bonds

Construction Marketing

Surety bonds are financial guarantees that are issued to ensure the individual or company who obtains the bond will perform work in a legally compliant manner and will avoid fraud and misconduct. Surety – The bonding company that guarantees the principal’s ethical operations and legal compliance by issuing the bond.

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How COP27 Impacts Real Estate: Pricing Real Estate Climate Risk

Stok

REALISTICALLY PRICE TRANSITION RISK At the moment, capital for the climate transition domestically and in emerging economies is often costlier due to perceived risks in policy uncertainty, technological developments, and less data on rate of returns. Referenced with the EU Taxonomy , any building that is not in line with 1.5

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How to File a Lawsuit After an Injury At a Construction Site?

Construction Marketing

You may wonder if you have legal recourse if you have been injured while working at a construction site. These defenses include: Assumption of risk This defense says that you knew of the risks of working at a construction site and that you voluntarily assumed those risks.

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Not So Severable After All: Third Circuit Lets Courts Determine Arbitration Agreement Existence When Underlying Contract’s Validity Is Challenged

Constructlaw

Court of Appeals for the Third Circuit addressed the perennially thorny issue of whether the courts or arbitrators retain the authority to resolve questions involving the enforceability of arbitration agreements. After the project began, a labor union representative approached and asked MZM’s president to execute a “short-form agreement.”

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How to Avoid Disputes in Construction

Construction Marketing

What follows next is a fierce legal battle that puts both the contractor and the investor on the losing end. Having a gentleman’s agreement is the worst mistake you could ever make. Since putting up a house or a facility is an expensive affair, you risk losing huge amounts of money in case the structure doesn’t meet your needs.

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Construction Law: April 2024

Construction Law

The government’s own net zero carbon targets are at risk if the speed of delivery of investments isn’t increased. Legal terms explained Kyle Melville of Herbert Smith Freehills LLP explains what is meant by Scott Schedules. Alternative dispute resolution Non-disclosure agreements in settlement: they are not all bad!

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What Is Inefficient Risk Transfer? The Use of Indemnification in Construction Contracts

Best Practices Construction Law

In construction, there should be a written contract to transfer the risk when you are stuck between a rock and a hard place. Perhaps “inefficient risk transfer” (alluded to by the authors) comes when parties try to transfer risk opposite or beyond what the law addresses.

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