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Subcontractor Default Insurance: Pros & Cons for General Contractors

Levelset

If a subcontractor defaults on a project, the general contractor can make a claim with the insurance company to cover costs above their deductible and any loss reserve requirements. Some GCs pass the cost of the loss reserve onto the project owner and claim that amount as additional profit on the project. How SubGuard insurance works.

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Louisiana Public Contract Law: Material Supplier Notice Requirement

Construction Law Monitor

In Louisiana public contracts and jobs have been gaining momentum for my clients. Entering into a contract for a construction project with a public entity has strict regulation. The provisions of this Subsection shall apply only to disputes arising out of recorded contracts. Public Bid Law.

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Louisiana Public Contract Law: Material Supplier Notice Requirement

Construction Law Monitor

In Louisiana public contracts and jobs have been gaining momentum for my clients. Entering into a contract for a construction project with a public entity has strict regulation. The provisions of this Subsection shall apply only to disputes arising out of recorded contracts. Public Bid Law.

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New Legislation Could Change How Contractors File and Pay Taxes

Construction Law Monitor

The introduction was immediately applauded by the Associated Builders and Contractors , who claim the bill will modify the tax code to help small construction contractors that are facing increased costs in energy, labor and materials. ABC and small contractors around the country are hoping for a different fate this session.

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Gearing Up for the New Year!

Construction Dive

In the meantime, here are a few brief notes of interest from each of the five areas that CPW covers: Construction Claims Advisor (CCA) -- Which weekly CCA commentary drew the most reaction from CPW/Construction Advisor Today (CAT) readers in 2012? Construction Law -- Associated Builders and Contractors (ABC) has applauded Michigan Gov.