Levelset
SEPTEMBER 7, 2022
Professional liability insurance provides contractors coverage from financial losses that happen as a result of their errors, mistakes, or negligence. In that case, professional liability insurance would generally provide the plumber with reimbursement for legal fees, settlements, and judgments.
Lets Build
DECEMBER 2, 2022
A construction quality management plan should be drafted as a standard document, to be applied to all future projects. Drawing up a construction quality management plan will enable you and your staff to identify potential liabilities or risks, and implement techniques to mitigate them. Creating a plan.
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Levelset
SEPTEMBER 2, 2022
While general liability insurance covers against claims related to injury or property damage, errors and omissions insurance protects from lawsuits related to financial loss. Errors and omissions insurance, also called professional liability insurance, is one tool that contractors can use to transfer risk away from themselves.
Green Building Law Update
JUNE 25, 2017
In the event of a default, the amount in default (but not the entire principal of the PACE loan) is a liability that is a property tax lien collected by the local government with the priority associated with other real property tax liens, so existing mortgage holder acknowledgment of a PACE loan is required. the top 10% of a building).
Construction Business Owner
FEBRUARY 2, 2012
Beane didn’t achieve success by drafting players based on his emotional judgments or media-based hype. Public Exposure and Liability on Construction Sites. In fact, I often wonder how smaller construction businesses with tighter margins can compete with the gigantic firms who have unlimited resources. Wally Evans Blog. Recent Posts.
Autodesk Construction Cloud
OCTOBER 28, 2021
Some of the top problems GCs face are three documentation processes that, while important for communication and liability, take time away from actually building. . Creating the submittal log . This puts GC’s in breach of contract, which can lead to costly rework, lawsuits, late delivery, or all three.
Construction Business Owner
JANUARY 30, 2011
Many of the contractors immediately shot down the concept with the age old line of questioning that pertains to the architects’ inability to draft an affordably reproduced plan and a perceived desire to be the next Frank Lloyd Wright on a modest budget. Public Exposure and Liability on Construction Sites. Wally Evans Blog. August 2008.
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