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#67:  Paying Your Subcontractor's Employees

NH Construction Law

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).)

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Seventh Circuit examines "pay-if-paid" provision

Construction Lawyer

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.

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State by State Incentives Guide

Buisness Facilities Contributed Content

A business that applies for the exemption must enter into an agreement with the Governor of Alabama. The business must sign a job-creation agreement under the Advantage Arkansas program within 24 months of signing the Tax Back agreement. Must expand its labor force, make new capital investment, or prevent loss of employment.

Income 108
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STATE INCENTIVES GUIDE

Buisness Facilities Contributed Content

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. Borrowers inject 10 percent in the form of cash or equity in real estate.

Income 75