article thumbnail

Obtaining the Proper Bonding for Government Jobs

Construction Business Owner

INSURANCE |. In a way, a surety bond is like insurance; it is a three-part agreement between the contractor, the organization requiring the bond (e.g. This agreement ensures that a contractor will perform all of the duties they agreed to in the bid they placed, abiding by the terms of that government-sanctioned project.

Cash Flow 168
article thumbnail

PSMJ Resources Blog: XL Insurance Enters Collaborative.

PSMJ Resources

Wednesday, August 3, 2011. XL Insurance Enters Collaborative Agreement With PSMJ Resources, Inc. XL Insurance’s Design Professional group, specializing in professional liability insurance for architects and engineers and a part of the global underwriting operations of XL Group (NYSE: XL), and PSMJ, Resources, Inc.,

professionals

Sign Up for our Newsletter

This site is protected by reCAPTCHA and the Google Privacy Policy and Terms of Service apply.

article thumbnail

New Law Affects Louisiana Construction Contracts in 2011

Construction Law Monitor

The terms of their agreement are the terms of their agreement, and courts are required to enforce them. The new law applies to all contracts entered into after January 1, 2011. Starting January 1, 2011, however, these clauses will be unenforceable. Typically parties are able to contract for just about anything.

article thumbnail

PSMJ Resources Blog: Breakthrough 2012 Pre-Conference

PSMJ Resources

Thursday, August 25, 2011. ▼ 2011. (87). XL Insurance Enters Collaborative Agreement With P. skip to main | skip to sidebar. Breakthrough 2012 Pre-Conference. Hear why Frank Stasiowski thinks you should attend! PSMJ Resources, Inc. No comments: Post a Comment. Newer Post. Older Post. PSMJ is on Facebook!

article thumbnail

Construction Legislation Now Pending in Washington

Construction Law Monitor

Cary Condotta, (R-Wenatchee) (R) on January 25, 2011, requires the calculations for the adjusted minimum wage rate to include the actual change in consumer prices since September 1, 2000, based on the consumer price index for urban wage earners and clerical workers, or a successor index. Introduced by Rep. Introduced by Rep.

article thumbnail

Construction Law in North Carolina: An archive of excellent ideas

Construction Marketing Ideas

This blog has been a participant in the Best Construction Blog competition since the contest’s inception, and in fact won in 2011. Notably, in two areas (1) professional liability insurance (errors & omissions coverage), and (2) getting legal assistance at the beginning of a project. Now, back to construction.

article thumbnail

Recent Downturn in Architecture Firm Billings Accelerates

PSMJ Resources

Tuesday, August 23, 2011. they had previously reported growth for seven consecutive months late last year and into 2011. More firms buying more insurance. Despite the economic downturn, the majority of firms continue of carry some kind of professional liability insurance. ▼ 2011. (87). Residential is down 44.7