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#116:  Termination as a Condition of Performance Bond Liability

NH Construction Law

Conversely, not terminating also forgoes the protection of the bond – if termination is an enforceable condition of the surety’s liability. “In interpreting a multiple-document agreement, we seek to harmonize and give effect to the provisions of the various documents so that none will be rendered meaningless.”

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GA Court of Appeals Enforces Contract Clause, Excluding Liability for Incidental Damages Where Specific Performance Is Ordered

Constructlaw

(collectively DonRob) agreed to sell, and 360 Residential LLC, 360 Sugar Hill LLC, and 360 Capital Company LLC, (collectively 360) agreed to purchase 12 acres (Site) of a 37-acre parcel of property in Sugar Hill, GA (the Agreement). Between the Agreement date and the scheduled closing date, the parties’ relationship deteriorated.

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What Contractors Need to Know About Surety Bonds

Construction Marketing

A surety bond is a contract between the following three parties: • Principal – The construction company or individual seeking the bond. 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. Sign the indemnity agreement.

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4 No-Brainer Workflows with Autodesk Construction Cloud Connect 

Autodesk Construction Cloud

Technology has undeniably improved operational efficiency across the construction industry. However, as construction companies rely on more and more advanced technology solutions that serve various teams and workflows, keeping them coordinated and in-sync can prove difficult.

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Change Orders in Construction – 101 Guide

Lets Build

Change orders are common to construction projects. Free guide: How to reduce construction delays by more than 20%. What is a change order in construction? Read also: Excel spreadsheets in construction: It’s time to let them go. What causes a change order. There are many factors that can trigger a change order.

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Buying a LEED Certified Building Is Easy But.

Green Building Law Update

LEED gave us the technologies and methodologies revolutionizing the way we construct and occupy buildings. That being the case, then why has the GBCI Change Of Owner Agreement been uploaded into LEED Online only 700 times since February 2015? Finally, a contract of sale should list as a document to be delivered at closing (.

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

Levelset

Construction contracts often require that each hired specialty contractor maintain a minimum level of insurance coverage, and a COI will reflect that status. In this article, we’ll explain what contractors need to know about COIs, when they are needed, and how they work in construction. Why a certificate of insurance matters.