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What is Project Loss Insurance?

Levelset

Project loss insurance has the potential to save contractors from devastating project losses, no matter the cause. Project loss insurance, or PLI, is designed to mitigate catastrophic construction project losses. Project loss insurance coverage. How project loss insurance works. How much does project loss insurance cost?

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What Is a Certificate of Insurance (COI) for Contractors — and When Do You Need One?

Levelset

To help your business remain viable, contractor’s insurance should be a crucial part of your financial strategy. Insurance also puts other parties’ minds at ease when they want to hire you as a specialty contractor. A certificate of insurance (COI) is a valid form used to prove that you carry the appropriate insurance policy.

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7 Things Contractors Need to Know About Retainage

Fieldwire

It’s fairly common, especially on commercial and public construction projects, and typically ranges from 5 - 10% of the total contract price. It is governed by the contract, which means it’s part of the agreement between two parties. Retainage is up for negotiation Retainage is not set in stone. Retainage is no different.

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International Arbitration Experts Discuss The Impact On The Global Economy

Constructlaw

It has disrupted supply chains, interfered with commercial contracts, and triggered civil authority actions which have hindered the flow of commerce. According to another, in the United States, there are pre­sently more than 1,250 pandemic insurance litigations. The latter provide for arbi­tration in Bermuda, London, or elsewhere.

Claims 40
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Top OSHA Violations in Construction (2021)

Levelset

On a large commercial project, the accounting team may not bat an eye. The much bigger cause for financial concern is workers’ compensation insurance. Workers’ compensation insurance. Because construction is a dangerous industry, workers’ compensation insurance is expensive even without an OSHA violation on your record.

OSHA 52
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A More Even Field: The Eleventh Circuit Overrules Its Precedent and Joins Most Circuits on the Applicability of Domestic FAA Grounds to Vacate Nondomestic Arbitration Awards[1]

Constructlaw

and arising out of a commercial relationship between U.S. Nevertheless, practitioners and parties who chose to seat their arbitrations within the Eleventh Circuit, will now have to grapple with a new legal environment and think strategically about how questions concerning vacatur will affect arbitration awards issued in the circuit. [1]

AIC 52
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Non-signatory bound by agreement to arbitrate

Construction Lawyer

His book, Legal Guide to AIA Documents, published by Aspen Publishing, is in its fifth edition. The cases with which he has been involved are varied and wide-ranging and include personal injury, breach of contract, criminal defense, commercial disputes, and consumer fraud. A Legally Inclined Weblog. >. Hansen Beverage Co.,