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Does GC Insurance Cover Subcontractors?

Levelset

General contractors know these risks when they take the role. If a sub accidentally drops a steel beam on the project manager’s new sports car, that subcontractor’s liability insurance policy would likely cover the damage. General liability insurance. Builder’s risk insurance.

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Should Public Project Owners Be Liable for Worthless Bonds?

Construction Dive

For subcontractors and suppliers, which are unable to lien public property, these bonds are the only effective form of payment assurance. Featured … Public Project Owner Not Liable for Worthless Payment BondEngineer Liability Extended to Safety Risks

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constructionattorneyblog: illinois supplier denied mechanics lien

Construction Lawyer

Sabo & Zahn LLC is an Illinois Limited Liability Company. In other words, you use the stuff we post here at your own risk. illinois supplier denied mechanics lien. An Illinois appellate court has affirmed the trial court's summary judgment against a lumber company's mechanics lien. Copyright Notice. Disclaimer.

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Unlimited liability for designers and contractors

Construction Lawyer

Sabo & Zahn LLC is an Illinois Limited Liability Company. In other words, you use the stuff we post here at your own risk. Unlimited liability for designers and contractors. The statute of repose (similar to a statute of limitations) expired by 1982, extinguishing any liability by Sverdrup. Copyright Notice. Disclaimer.

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Selling a House with Solar Panels is Fraught with Peril

Green Building Law Update

That language accomplishes next to nothing for the seller or buyer and may only serve to mitigate risk for the real estate brokers. That fixture filing is in most states a lien or encumbrance against the system. Some of the companies engaged in this business (.

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Accounting for Retention Receivable & Payable: A Contractor’s Guide

Levelset

Both retention accounts are shown as current assets and current liabilities, respectively. Plus, not recording retention payable leads to the understating of a company’s liabilities. Contractors must weigh whether to use a mechanics lien to protect their payment rights. Fariba Mehdian. View profile.

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constructionattorneyblog: Liability for green design

Construction Lawyer

Sabo & Zahn LLC is an Illinois Limited Liability Company. In other words, you use the stuff we post here at your own risk. Subcontractors Mechanics lien allowed where bank seized generals funds » May 20, 2009. Liability for green design. ILLINOIS APPELLATE COURT DEEMS MECHANICS LIEN COUNTERCLAIM UNTIMELY.