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Twists and Turbines — A New York Case Highlights an Owner’s Risk When Not Using Full-Wrap EPC Delivery

Constructlaw

In conclusion — it is not uncommon for an owner to separately contract with the major players on a construction project, as opposed to entering a full-wrap EPC agreement, but such an arrangement presents certain risks. Two of the most notable risks are scope gaps, and as demonstrated in this case, liability gaps.

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Common Law Analysis – Pay-if-paid, Pay-when-paid & Liquidating Agreements in Construction Contracts

Construction Law Monitor

Liquidating Agreement. Another technical term that is not often discussed in construction, yet is present in many construction contracts is the mechanism know as a “liquidating agreement” Sloan pg 16. Do not confuse a liquidating agreement with liquidated damages. Click here for Daniel S. Sloan pg 17.

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

Levelset

If you’re bidding on contract work, you will likely need a COI per terms of a legal agreement. Aside from owners and GCs, a government entity may want to see proof of liability insurance. This party may want a COI to ensure they are protected from liability in the event of a product-related injury or accident.

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PSMJ Resources Blog: XL Insurance Enters Collaborative.

PSMJ Resources

XL Insurance Enters Collaborative Agreement With PSMJ Resources, Inc. to Advance A/Es Risk and Practice Management. This agreement is an unprecedented exchange, which comes at a time of unprecedented change, to further our clients’ efforts to not only protect their firms, but help them thrive. Business Presentations.

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Keep Your Subconsultants in the Loop - PSMJ Resources Blog

PSMJ Resources

Failures by your subconsultants can lead to serious liability. risk is a well-written agreement. Presenting them with a detailed scope-of-work description, a set of. Business Presentations. PSMJ Tips: New Project Delivery Methods = New Risk. Wednesday, September 5, 2012. claims and potential losses.

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Contractor License Bonds: Everything You Need to Know

Levelset

A contractor bond is a three-party agreement. However, surety companies evaluate each state’s requirements individually so rates for similar limits in other states may be different should there be a greater risk present. When the project is completed successfully, the bond expires. What does a contractor license bond cover?

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Moving from Design-Build, DB, to Integrated Project Delivery, IPD

Building Information Management

They are carrying so much risk that they can’t afford any of the potential interference, delay, or scope escalation that comes from involving a client in the back-room discussions. Through downstream agreements, the major team players can also agree to waive certain liabilities against each other.

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