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What Contractors Need to Know About Surety Bonds

Construction Marketing

Depending on the licensing and permitting requirements of the licensing body, you might need bonds for each state or city in which you perform work. Are Surety Bonds Insurance? While many contractors confuse surety bonds and insurance, they are different. Surety bonds do not protect you against liability.

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Construction Site Theft: Impact and Prevention

Levelset

Materials, insurances, permits, payroll, and other typical costs are relatively simple to account for. Luckily, there are insurance policies that will replace the cost of the stolen goods, such as builders risk insurance. Insurance claims. Impact of construction site theft. Eventually. How to prevent jobsite theft.

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Louisiana Home Improvement Contractors License Requirements

Construction Law Monitor

The contractor who is applying for the Home Improvement license needs to provide general liability insurance and show that the contractor or the registering entity is registered with the Louisiana Department of Revenue. This does not mean that the homeowner does not need to abide by local permitting rules and regulations.

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4 Factors Underwriters Consider When Issuing a Construction Bond

Levelset

By contrast, a 1,000-foot linear pipeline project in a busy area of a city might be more complicated than a 3,000-foot pipeline project in a rural area, because of unmarked utilities, permitting issues, reduced work hours, traffic considerations, and more. . GCs can also purchase subcontractor default insurance to reduce this risk.

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How a Construction-to-Permanent Loan Impacts Contractors & Lenders

Levelset

This review should, at the very least, examine the appraisal report, the budget, the permits, and the construction contract. Failing to protect lien rights. Though the rules vary by state, the lender on a construction project generally retains lien priority if the property owner defaults on the loan. Lack of insurance coverage.

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Architect not liable when owner deviates from plans

Construction Lawyer

2d 163 (August 23, 2011), an architect was hired to prepare drawings for permit. ILLINOIS APPELLATE COURT DEEMS MECHANICS LIEN COUNTERCLAIM UNTIMELY. mechanics liens. Architect not liable when owner deviates from plans. In a recent New York case, Steven Bruno v. Trus Joist , 929 N.Y.S.2d TrackBack URL for this entry: [link].

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Construction Legislation Now Pending in Washington

Construction Law Monitor

Athletic Field construction lien case. Hans Dunshee, (D-Snohomish) (D) on February 1, 2011, to allow lines of group disability insurance, except short-term or student-only plans, to be issued to more groups when certain conditions are met. House Bill 1806 (Concerning construction and industrial storm water general permits).