Agreement Bankruptcy Insurance Subcontracting 
NH Construction Law
MAY 28, 2018
Before subcontracting any significant portion of a long term job to someone who isn’t known to be financially solvent, the wise general will ask for proof that the sub can carry the strain of weekly payroll through a monthly requisition procedure, with retainage. How does a GC protect itself? § 5.5(a)(6).)
Construction Marketing Ideas
MARCH 11, 2016
McNamara of Pillsbury Winthrop Shaw Pittman LLP , who discusses the distinctions between Subcontractor Default Insurance (SDI) and bonding and takes aim at a surety provider arguing against SDI. My nearly two decades as a lawyer have taught me that surety bonds are really only protection against one risk: Subcontractor bankruptcy.
This site is protected by reCAPTCHA and the Google Privacy Policy and Terms of Service apply.
Construction Lawyer
JULY 20, 2012
You are not our client and we are not your attorneys unless and until you enter into a written retainer agreement with us. Fidelity had issued a payment bond, but Fidelity refused to pay after the owner declared bankruptcy, and BMD sued Fidelity. The question became whether the general or the subcontractor would bear the risk of loss.
Buisness Facilities Contributed Content
APRIL 15, 2014
A business that applies for the exemption must enter into an agreement with the Governor of Alabama. The exceptions are for financial institutions, financial institution groups, and insurance companies that have a maximum business privilege tax of $3,000,000. The minimum tax is $100. 4% general rate for all other items.
Buisness Facilities Contributed Content
MARCH 21, 2014
The business must sign a job-creation agreement under the Advantage Arkansas program within 24 months of signing the Tax Back agreement. New, full-time, permanent employees must be hired within 24 months of the date the financial agreement is signed.
Expert insights. Personalized for you.
40 
Let's personalize your content