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What Is a Certificate of Insurance (COI) for Contractors — and When Do You Need One?

Levelset

To help your business remain viable, contractor’s insurance should be a crucial part of your financial strategy. Insurance also puts other parties’ minds at ease when they want to hire you as a specialty contractor. A certificate of insurance (COI) is a valid form used to prove that you carry the appropriate insurance policy.

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Subcontractor Insurance: 7 Policies Subs Should Consider for Their Business

Levelset

Business insurance can help mitigate occurrences or disasters that can severely impact or destroy the good standing of your business. Let’s take a look a subcontractor insurance: when it’s needed, what happens if a sub goes uninsured, and what policies subs can use to protect their businesses from risk.

professionals

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3 Factors to Consider When Starting the Prequalification Process

Safety Services Company

In this case, becoming prequalified can help your organization stand out. Hiring clients need assurance about contractors’ certification, practices, and qualifications. Documentation and Records Required Each prequalification service has different requirements. What is the Contractor Prequalification Process?

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7 Ways Construction Companies Can Keep Their Workers Safe

Construction Marketing

Additionally, this class of workers should be registered by appropriate certification agencies and have proof of work experience. This information should be included in a terms-of-agreement document signed by all workers. Many countries have organs in the construction sector that set standards for all construction companies.

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Over 275 Partners Now Integrate with Autodesk Construction Applications 

Autodesk Construction Cloud

Billy streamlines the collection and verification of compliance documents, such as Certificates of Insurance, business licenses, and certified payroll. Herolapse is used by construction firms to monitor, record, and document progress and safety on the construction site.

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Job Order Contract Operations Guide

Job Order Contracting

Contract Documents. Coverage Limits, Insurance Certificates. Specifications Drawings and Other Documents. 4.005 Design Requirements and Design Documentation. Discrepancies and Contract Document Review. Organization of Specifications. Ownership and Use of Drawings, Specifications and Other Documents.

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Job Order Contract Execution Guide – Sample Template

Job Order Contracting

The following template is provide for sample purposes only and should not be used a legally bidding document without through review and modification by appropriate Owner legal counsel. The ORGANIZATION NAME Procurement Authority will authorize a Job Order (JO) for performance of work, or request additional information/changes.

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