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Subcontractor Default Insurance: Pros & Cons for General Contractors

Levelset

Subcontractor default insurance is one alternative to a surety bond that works to protect a contractor from the financial burden when one of their subcontractors defaults. Related: 16 types of insurance coverage for contractors. What is subcontractor default insurance? How SubGuard insurance works.

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Seven Construction Associations You Should Consider Joining

Fieldwire

Other benefits: Some associations provide financial benefits, such as discounts to car rentals, insurance, supplies and other items. Associated Builders & Contractors (ABC) : A trade association based on the merit shop philosophy, ABC helps members develop people, win work and deliver work safely, ethically and profitably.

AIC 52
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Do Your Employees and Construction Laborers Belong to You? Depends.

Best Practices Construction Law

It is very common in the construction industry that general contractors and trade contractors will hire workers through third party management companies, independent contractors, staffing agencies and labor providers. ABC Drywall was engaged by the General Contractor to provide drywall labor for the project. ” So what?

ABC 48
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4 Ways Materials Financing Can Help You Recession-Proof Your Business

Levelset

Managing cash flow in the construction industry is difficult in any economy, but during a recession, specialty contractors face even more financial challenges than usual. According to an Associated Builders and Contractors (ABC) survey from August, its members reported an average construction project backlog of 8.7

Finance 52
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Danny Ellis never had a real job interview… until he met Greg Korte

The Korte Company

After high school, he attended college on a baseball scholarship, where he pursued Recreation Management. They hired him on the spot, then put him through a four-year apprenticeship program with Associated Builders and Contractors (ABC). They talked about insurance programs and retirement planning. It was a real interview.

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#97:  DOL's New Independent Contractor Regulation

NH Construction Law

In an effort to avoid the costs and risks associated with the employment relation, contractors and construction managers often prefer to hire workers as “independent contractors” rather than employees. And occasionally, they misclassify workers as independent contractors when legally they are not – with nasty consequences.