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Prevailing Wages in Minnesota: What Contractors Should Know

Levelset

They are determined by the current rates in force at the time the project goes out for bid and are usually included in the bid and contract documents. Options like materials financing and mobilization financing can help contractors delay some of the early project costs, giving them more ready cash to pay their workers.

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Prevailing Wages in Pennsylvania: What Contractors Need to Know

Levelset

The contracting authority provides bidders with the prevailing wage rates within the bid and contract documents. Additionally, building prevailing wages into your estimates and bids isn’t enough. One solution is material financing. On-demand legal help you can afford. Electric Lineman $49.22 $ 27.36 $76.58 Learn more.

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Team Members Left Hanging on Bid for Tappan Zee Bridge Project.

ENR Construction

Banking & Credit Crisis. Team Members Left Hanging on Bid for Tappan Zee Bridge Project. Description: One of the four teams contending for the estimated $5-billion Tappan Zee Bridge replacement project in New York State chose not to submit a bid at the last moment. Sustainability. Haiti Reconstruction. Economic Stimulus.

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Common Types of Construction Contracts And Their Use

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It is a legally binding document that the groups agree to at the start of a project and are held accountable to throughout. The different types of construction projects include: Lump Sum Construction Management (Cost Plus / Guaranteed Maximum Price) Design Build Design Build Finance Maintain.

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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. You may be seeking to work for a local, state, or federal government, and these bodies will want to know that you carry liability insurance before you’re awarded — or even considered — for a bid. Why a certificate of insurance matters.

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Tappan Zee Bridge Bidder's Cold Feet Costs Team $2.5 Million.

ENR Construction

Banking & Credit Crisis. Description: One of the four teams contending for the estimated $5-billion Tappan Zee Bridge replacement project in New York State chose not to submit a bid at the last moment. Sustainability. Haiti Reconstruction. Economic Stimulus. Safety & Health. Project Delivery. Ethics & Corruption. Associations.

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Construction Business Owner Blogs

Construction Business Owner

Accounting & Finance. But I have been surprised at the number of contractors who tell me that they have bid for jobs at break-even or at a loss. Home Contact Us About Us Subscribe Advertise Legal Disclaimer Site Map -->. MANAGEMENT |. ACCOUNTING |. SOFTWARE |. MARKETING |. INSURANCE |. EQUIPMENT |. General Management.