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Mayer Building Company for Subcontractors: Payment Guide & Resources

Levelset

Taking a closer look at the terms of a typical contract will provide you with important information about insurance, safety, dispute resolution, and more. Digging deeper into company processes for payment, change orders, lien waivers, and more will give you a sense of what to expect while working with them. . Progress payments.

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How to Manage Compliance for Construction Success

Viewpoint Construction Technology

Contractors have to pay attention to budgets, deadlines, collaborators, change orders, progress reports, payroll, safety, compliance requirements and much more. Common regulations in the construction industry include: Contractual agreements between owners, contractors and subcontractors. Insurance and bonding requirements.

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Obtaining the Proper Bonding for Government Jobs

Construction Business Owner

INSURANCE |. In a way, a surety bond is like insurance; it is a three-part agreement between the contractor, the organization requiring the bond (e.g. This agreement ensures that a contractor will perform all of the duties they agreed to in the bid they placed, abiding by the terms of that government-sanctioned project.

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Litigation Topics for Prime / Subcontractor Contracts

Construction Law Monitor

A good subcontractor will have his attorney review any agreement to make sure that the deal is an even one. Change Order and Extra Work Provisions. Very popular area for dispute in construction contracts – changes are always happening. Insurance can be purchased by prime or sub to cover the indemnity obligation.

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Setting up a Job Order Contract

Building Information Management

Note: Job Order Contracting / JOC is a LEAN construction delivery method that is designed to support repetitive renovation, repair, and maintenance projects – as well as minor new construction- where quick, quality, on-demand services are required. . Agreement Application for Payment. Certificate of Insurance.

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Job Order Contract Execution Guide – Sample Template

Job Order Contracting

The JO is issued and approved upon agreement between the ORGANIZATION NAME Representative and the Contractor on the scope of work, performance time, and the price for that work. The individual JO becomes in effect, a fixed price lump sum Contract when the Purchase Order for the JO is issued. Insurance, fringe. Job Conditions.

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Unique Tips To Reduce Construction Company Start Up Stress

Contractor Bookkeeping

Insurance - Is critical to your construction company. General Liability and Auto/rental equipment insurance can help protect you and your company against claims for personal injury and property damage, and may provide you with legal defense of those claims. No work should ever be performed based on verbal agreements.