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#130:  Secured Lenders' Rights to Construction Contract Payments

NH Construction Law

It happens this way: A contractor or subcontractor borrows money from a lender, and as security for the loan it gives the lender an assignment of or lien on its receivables and contract rights. Payment should be in the full amount currently owed to the contractor, regardless of how much is still owed on the contractor’s loan.

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Subcontractor Insurance: 7 Policies Subs Should Consider for Their Business

Levelset

Subcontractor business liability insurance should be retained since a catastrophic claim could bankrupt most all painting contractors. Are subcontractors covered under the general contractor’s insurance? Medical expenses, property damage, and legal defense costs can grow quickly. Employment practices liability.

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LEAN OpenJOC(TM) Job Order Contracting for Sustainable Facilities Repair, Renovation, and Minor New Construction

Job Order Contracting

It provides a capacity for on-demand construction via an on-call contractor that can be mobilized, working in a much shorter period, and far more efficiently than traditional project delivery methods. Awarded JOC contractors also provide all requisite preconstruction services. Focus upon building Owner/Contractor capability.

Contract 100
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How to Get Paid on Texas Public Projects

Levelset

With this much focus on infrastructure, contractors nationwide should be ready to take advantage of the opportunity to work on big government projects, which makes keeping on top of individual states’ requirements for payment protection an absolute necessity. Payment protection on Texas public projects. The main difference?

Texas 52
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constructionattorneyblog: Sole Proximate Cause Defense Reaffirmed

Construction Lawyer

His book, Legal Guide to AIA Documents, published by Aspen Publishing, is in its fifth edition. He is a partner in the law firm of Sabo & Zahn, concentrating in construction law and representing owners, contractors, architects, developers, engineers and other parties in the construction process. A Legally Inclined Weblog. >.

Defense 40
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Construction Arbitration

Constructlaw

Industry-specific legal concepts. The number and type of actors on any given project may vary, but the project’s key actors typically include: The principal participants, which are usually: the owner, also sometimes referred to as the employer; and the contractor, also sometimes referred to as the general or prime contractor.

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New Contractor Business Start Up

Contractor Bookkeeping

New Contractor's Levels of Stress. You Quit Your Job - And started a construction business only to discover you need a contractor’s license and bond. Use Credit Cards - And supplier accounts to finance your new business and be very careful about what you buy. Bank Accounts - Set up two bank accounts in your company name.