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#105:  Nonmutual Arbitration Agreements

NH Construction Law

Many construction contracts and subcontracts provide for arbitration of disputes. Sphere Drake Insurance, PLC , 202 F.3d Sphere Drake Insurance, PLC , 202 F.3d To be enforceable, contracts require “consideration,” a bargained-for exchange of value or promises of value on both sides. See DiMercurio v.

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#67:  Paying Your Subcontractor's Employees

NH Construction Law

Before subcontracting any significant portion of a long term job to someone who isn’t known to be financially solvent, the wise general will ask for proof that the sub can carry the strain of weekly payroll through a monthly requisition procedure, with retainage. How does a GC protect itself? § 5.5(a)(6).)

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Six Virtual Contractor Bookkeeper Traps

Contractor Bookkeeping

At networking events, construction contractors have asked me if we are cheaper than a virtual bookkeeper is. Contractors who outsource important construction accounting services to a "virtual bookkeeper" in an effort to save money are completely foolish because a virtual bookkeeper is usually a Bad Bookkeeper.