Construction Business Owner
JULY 23, 2021
Your Claim Has Been Denied. Fri, 07/23/2021 - 09:30. If your construction business has suffered a financial loss due to damage, accident, crime or liability, the last thing you want to hear is that your claim is. Alex Headley. not covered.
NH Construction Law
JUNE 26, 2023
The federal False Claims Act (FCA), 31 U.S.C. § imposes liability for knowingly making a false or fraudulent “claim,” or a false record or statement material to such a claim, in order to obtain funds from the federal government. 2021), cert. § 3729 et seq., 31 U.S.C. § § 3729(b)(2).
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NH Construction Law
JANUARY 30, 2022
When a contractor or subcontractor is sued for defective workmanship, one of his first thoughts is likely to be whether the damages are covered by his liability insurance. ”) Parsing of claims and theories, and furnishing a defense to only the covered ones, is not allowed. Many professional liability policies have them.
NH Construction Law
AUGUST 21, 2022
Wrongful termination will not only be a breach of contract giving the principal a claim for damages against the obligee, but it will forfeit the protection of the bond. Conversely, not terminating also forgoes the protection of the bond – if termination is an enforceable condition of the surety’s liability. 4th 12 (1st Cir.
Autodesk Construction Cloud
FEBRUARY 25, 2022
For another, work delays from 2021 are likely to impact the risk of subcontractor default in 2022 and beyond. . Formula: (Cash and Cash Equivalents + Marketable Securities + Accounts Receivables) / Current Liabilities . Formula: Current Assets / Liabilities . Formula: Total Liabilities / Total Assets .
Green Building Law Update
OCTOBER 11, 2020
Those lawsuits primarily assert that the extraction, production, sale, and promotion of fossil fuels constitute a public nuisance and give rise to product liability under state common law and state consumer protection statutes; the plaintiffs are seeking relief largely in the form of compensatory and punitive damages.
Constructlaw
JUNE 17, 2022
Most frequently, the Economic Loss Doctrine bars negligence claims. Its outer bounds begin with intentional torts, and most jurisdictions do not apply the Economic Loss Doctrine to fraud claims. Weyerhauser NR , 2021 WL 5707117 (Colo. Economic losses flowing from fraud related to such a contract are not recoverable.
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