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#91:  Liability Insurance for a Subcontractor's Defective Work

NH Construction Law

“May unintentionally faulty subcontractor work that damages an insured’s work product constitute an ‘accident’ under a commercial general liability insurance policy?” Mechanical Contractors, Inc. 2020 WL 3527909 (June 29, 2020). 2d 871, 880 (Fla. ”); Lamar Homes, Inc. Mid-Continent Casualty Co. ,

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Insurance for HVAC Contractors: What It Covers and Why You Need It

Levelset

Heating, ventilation, and air conditioning (HVAC) contractors must protect their business property while reducing the odds that a job-related accident or injury could financially harm their business. HVAC contractor insurance is the primary way to help protect your financial interest if things go wrong on the job.

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Unlimited liability for designers and contractors

Construction Lawyer

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. Sabo & Zahn LLC is an Illinois Limited Liability Company. All references to "Sabo & Zahn" refer to Sabo & Zahn LLC.

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Construction quality management: Everything you need to know

Lets Build

It requires written standards that can be referred to at any time by employees, sub-contractors, and clients alike. Issues may arise around ownership and accountability, roles and responsibilities, tools and materials. Risk assessments are never glamorous, but they’re essential throughout the lifespan of any project.

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A glossary of terms with reference to Construction Cost Estimating

Construction Cost Estimating

It also (ideally) details the terms and conditions of the construction or repair contract and itemises all work to enable a contractor to price the work for which he or she is bidding. Some refer to these risks as "known-unknowns" because the estimator is aware of them, and based on past experience, can even estimate their probable costs.

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Construction Accounting Profit And Loss Reports Are A Hill Of Beans

Contractor Bookkeeping

Reviewing QuickBooks Profit And Loss Reports - From our construction accounting clients reminded me of something I learned in my own construction businesses a long time ago. Construction accounting financial reports can be like staring at a hill of beans if you don't know what you are looking at or why.

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4 Factors Underwriters Consider When Issuing a Construction Bond

Levelset

To grow a construction business, contractors often pursue larger projects. Some contractors watch as their gross profit margins decrease when they take on larger jobs. A bonding company will want to understand the scope of a project and how it compares to work the contractor has completed in the past.

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