Autodesk Construction Cloud
OCTOBER 21, 2022
Construction bids are critical to winning more work, so it pays to have a solid understanding of what they entail and what you can do to improve your bidding performance. . In this comprehensive guide, we’ll cover everything you need to know about construction bids. What is the Construction Bidding Process?
Autodesk Construction Cloud
FEBRUARY 25, 2022
Extracting key ratios from financial statements and safety metrics from OSHA filings allows builders to gauge a subcontractor’s short-term and long-term health — and empower estimators with the data they need to make more informed bidding decisions. . Formula: Current Assets / Liabilities . Formula: Total Liabilities / Total Assets
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Chianelli Estimating
JANUARY 30, 2020
They do not have the burden of carrying costs like workmen’s compensation, general liability insurance, unemployment related costs, vacations or sick days, etc. Both contractors and owners use them when deciding whether to bid or build a project. Choosing the lowest bid is not always the best practice.
Best Practices Construction Law
JUNE 21, 2022
The government argued that under the Sovereign Acts Doctrine actions taken by the United States in its sovereign capacity shielded it from contractual liability for those acts, including the actions taken in response to the COVID-19 pandemic. The contractor also sought 59 days of time extension for the period the project was inaccessible.
Construction and Infrastructure Law
SEPTEMBER 29, 2020
Labor Code §§ 1020-1022), and the inability to maintain a lawsuit to recover compensation for their work. The basis for the first holding is that disgorgement is both a liability created by statute and a penalty, and therefore falls under Code of Civil Procedure Section 340(a), a one year statute of limitations. & Prof.
Construction Dive
NOVEMBER 19, 2014
An owner-directed suspension is usually expressly compensable, with the elements of compensation defined in the contract. The contract may disclaim owner liability for delay, regardless of cause. But, the contract documents frequently make a distinction, so it does matter.
Levelset
OCTOBER 13, 2022
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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