Construction Marketing
JULY 11, 2022
If the principal’s bond application is approved, the surety company will require the principal to sign an indemnity agreement before it will issue the bond. The indemnity agreement provides that the principal will hold the surety harmless if a claim is filed against the bond. Sign the indemnity agreement.
Levelset
FEBRUARY 10, 2022
An architect, designer, or design-bid contractor will perform planning and engineering services for a prospective project owner, providing them with the information they need to move forward. Deep dive – Scope of Work: 6 Things Every Construction Agreement Should Include. Bidding/procurement. What is preconstruction?
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Autodesk Construction Cloud
NOVEMBER 15, 2021
For this reason, construction professionals must find better ways to craft and negotiate agreements. First, there’s the prime contract, which is the agreement that sets the terms between the owner and GC. The GC then hires contractors, which is where the subcontractor agreement comes into play.
Construction Law Monitor
NOVEMBER 2, 2011
A good subcontractor will have his attorney review any agreement to make sure that the deal is an even one. There should be a clear provision in the contract outlining the process whereby CO’s are made and approved; Define change order – modification to work already contemplated by the agreement; (ie different materials).
Levelset
APRIL 28, 2022
SDI helps general contractors cover the expenses that are incurred when a subcontractor fails to perform according to the terms of their agreement. In addition, SubGuard does not provide protection against mechanics liens from unpaid second-tier subs and suppliers. Include X amount of additional profit in your bid.”.
Contractor Bookkeeping
JUNE 15, 2012
It provides the baseline and milestones for your business and lets you make decisions in advance in the calm environment of your office instead of "on the fly" while driving, talking on your cell, eating lunch, and putting together a bid. No work should ever be performed based on verbal agreements.
Contractor Bookkeeping
JUNE 20, 2014
It provides the baseline and milestones for your business and lets you make decisions in advance in the calm environment of your office instead of "on the fly" while driving, talking on your cell, eating lunch, and putting together a bid. No work should ever be performed based on verbal agreements.
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