article thumbnail

Commercial Construction Strategies: Flagship Stores to Footprint Expansion

HardHatChat

These types of commercial construction projects are very important to the growth of their brands and offer many opportunities for our national contracting team to apply our experience and know-how to ensure a successful completion. By doing this, we are able to deliver to meet their expectations right from the start.

article thumbnail

*ISNetworld® Client Additions May 2024: Tips to Stay Compliant

Safety Services Company

Joins *ISNetworld® Sable Offshore is a Houston-based upstream company with extensive experience operating the Santa Ynez Unit in California. They currently operate three platforms in offshore California and a wholly-owned onshore processing facility, located in Santa Barbara. They recently acquired this asset from ExxonMobil this year.

professionals

Sign Up for our Newsletter

This site is protected by reCAPTCHA and the Google Privacy Policy and Terms of Service apply.

article thumbnail

New Insurance Case: Georgia High Court Rules that Construction Defects Satisfy Commercial General Liability Policy’s ‘Occurrence’ Requirement

Construction Dive

2013) and joined a rapidly snowballing national trend by holding that defective construction work can be covered under the standard commercial general liability (CGL) policy as an “occurrence.” 2d , 2013 WL 3481555 (Ga. The homeowners alleged that the concrete foundations of their homes were improperly constructed.

article thumbnail

Completed Operations: A Contractor’s Guide to Coverage, Cost, & More

Levelset

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.

article thumbnail

Chinese Real Estate Investment Plays Growing Role In U.S. Economy

Buisness Facilities Contributed Content

billion of existing commercial property between 2010 and 2015, representing an annual growth rate of 70%, according to the report. homes, the biggest component of Chinese real estate investment, and slow the growth rate of commercial property acquisitions. real estate market. Chinese real estate investors acquired at least $17.1

article thumbnail

7 Things Contractors Need to Know About Retainage

Fieldwire

It’s fairly common, especially on commercial and public construction projects, and typically ranges from 5 - 10% of the total contract price. On public projects in California, for example, state law caps retainage at 5% prior to completion and acceptance of the project.

article thumbnail

Contractor License Bonds: Everything You Need to Know

Levelset

A few examples of obligees include the California Contractors State License Board, the Nevada State Contractors Board, and the Oregon Construction Contractors Board. In California, all contractors must hold a contractor license bond. If a contractor is doing both residential and commercial work, they must hold two surety bonds. .