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7 Things Contractors Need to Know About Retainage

Fieldwire

It is governed by the contract, which means it’s part of the agreement between two parties. Subcontractors who typically work at the beginning of a project — laying the foundation, for example — may be forced to wait months or years before they’re able to collect retained amounts. This can cause problems for a couple of reasons.

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Does GC Insurance Cover Subcontractors?

Levelset

At their core, insurance policies are agreements between two parties: the insurer and the policyholder. However, the types of policies and their limits (the maximum amount claims can pay out) are limited. This policy may also cover legal fees involved in certain types of lawsuits. Who is covered by an insurance policy?

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Economic Loss Doctrine bars Nevada claims against Architect

Construction Lawyer

His book, Legal Guide to AIA Documents, published by Aspen Publishing, is in its fifth edition. The information provided here is not intended to be a solicitation for legal services, nor does it constitute legal advice. A Legally Inclined Weblog. >. Economic Loss Doctrine bars Nevada claims against Architect.

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constructionattorneyblog: Louisiana does not give res judicata effect.

Construction Lawyer

His book, Legal Guide to AIA Documents, published by Aspen Publishing, is in its fifth edition. The information provided here is not intended to be a solicitation for legal services, nor does it constitute legal advice. A Legally Inclined Weblog. >. Liquidation Agreement did not supercede agreement to arbitrate.

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Characteristics of Strategic Collaboration and Efficient Construction Project Delivery

Job Order Contracting

Zero costs associated with disputes and claims. Fewer disputes and claims. Journal of Legal. success through an incentive agreement: lessons learned from an underground railway. Russell Sage Foundation. Partnering is the foundation of a learning organization. Projects completed at or under budgeted cost.

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Two Tech Companies Growing In Central Indiana

Business Facilities

PactSafe , a legal-focused technology company, plans to invest $575,000 to lease and equip a new office in Indianapolis. These incentives are performance based, meaning until employees are hired, the company is not eligible to claim incentives.

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Dispute Boards: An Approach to the Efficient Resolution of Disputes in the Construction Sector

Constructlaw

During the project, the contractor submitted dozens of claims for additional time and money – all of which the project’s owner has rejected. Imagine a complicated engineering and construction project that has lasted years and has already cost hundreds of millions of dollars. That said, dispute boards are not without their drawbacks.