Levelset
SEPTEMBER 16, 2022
If a contractor’s work fails after a project is complete, completed operations insurance can help cover some of the expenses. It is sold as an extension to your general liability insurance policy and may be required by the state you work in or the project owner. Learn more: The most common types of insurance policies in construction.
Chianelli Estimating
JANUARY 30, 2020
Many times those costs are not recovered, however; they could make the difference in keeping the Builder or Owner solvent or ending up with a failed project or worse yet bankruptcy. They do not have the burden of carrying costs like workmen’s compensation, general liability insurance, unemployment related costs, vacations or sick days, etc.
This site is protected by reCAPTCHA and the Google Privacy Policy and Terms of Service apply.
Constructlaw
DECEMBER 7, 2020
Reynolds: The COVID-19 pandemic’s impact on the global economy has led to an increase in breach of contract claims, and a parallel rise in novel breach of contract defenses focused on excuses for non-performance. According to another, in the United States, there are presently more than 1,250 pandemic insurance litigations.
Chianelli Estimating
AUGUST 6, 2020
Most likely none of the cost factors now required will have been budgeted for on previously awarded contracts and the list is formable; controlled access to sites, material delivery disruptions, temperature checks, two week quarantine, reduced labor force – both in the field and in the office, material shortages. cost overruns.
Construction Law Monitor
APRIL 15, 2015
The bond price is usually somewhere between 1% and 3% of the contract sum. In most cases, the obligee on the contract, the owner of the project, reimburses the bond price with the first payment towards the contractor. A recent case of this is the bankruptcy of the 105-year-old company Truland Group Inc. Washington, D.C.’s
Construction Law Monitor
APRIL 15, 2015
The bond price is usually somewhere between 1% and 3% of the contract sum. In most cases, the obligee on the contract, the owner of the project, reimburses the bond price with the first payment towards the contractor. A recent case of this is the bankruptcy of the 105-year-old company Truland Group Inc. Washington, D.C.’s
Pro Builder
OCTOBER 12, 2022
Your business credit report also provides necessary information about your company, such as your business background, ownership and subsidiaries, financial information, any bankruptcies, risk scores, and banking, trade, and collection history. Insurance companies will look for your business credit report as part of the underwriting process.
Expert insights. Personalized for you.
52 
Let's personalize your content