Levelset

APRIL 15, 2022

When a property owner files an insurance claim to cover a restoration or roofing project, the owner typically deals directly with the insurance company. They may not have the funds available to pay the contractor out of pocket, so they’re counting on that insurance check to cover the construction costs.

Insurance 52

Insurance Contractors Lien Claims 52

Best Practices Construction Law

NOVEMBER 4, 2015

When dealing with construction claims—whether one for construction defects, outstanding payment, or delay damages—an initial hurdle is making sure that proper notice has been given. Recently, a court in New York held that notice to an insurance broker was not the same as the contractually required notice to the insurance carrier.

Claims 48

Claims Change Orders Legal Schedule 48

Fieldwire

AUGUST 14, 2023

Retainage is up for negotiation Retainage is not set in stone. Every contract is negotiable, including what percentage is retained and for how long. BLOG How to Streamline Construction Processes from Planning to Payments Learn more → In addition, the same contract has a provision for negotiating variable retainage.

Contractors 98

Contractors Cash Flow Lien Negotiation 98

Construction and Infrastructure Law

JANUARY 9, 2020

Indemnification clauses appear in nearly every agreement, but they are often overlooked as mere boilerplate provisions after the parties have painstakingly negotiated all of the other terms. In many instances, a clause can be drafted to protect against claims asserted as well as an ultimate finding of liability. Code § 2782; N.Y.

Liability 90

Liability Agreement Drafting Insurance 90

Construction and Infrastructure Law

JANUARY 9, 2020

Indemnification clauses appear in nearly every agreement, but they are often overlooked as mere boilerplate provisions after the parties have painstakingly negotiated all of the other terms. In many instances, a clause can be drafted to protect against claims asserted as well as an ultimate finding of liability. Code § 2782; N.Y.

Liability 52

Liability Agreement Drafting Insurance 52

Constructlaw

DECEMBER 7, 2020

Reynolds: The COVID-19 pandemic’s impact on the global economy has led to an increase in breach of contract claims, and a parallel rise in novel breach of con­tract defenses focused on excuses for non-performance. According to another, in the United States, there are pre­sently more than 1,250 pandemic insurance litigations.

Claims 40

Claims Insurance Bankruptcy Legal 40

Construction Lawyer

APRIL 3, 2012

His book, Legal Guide to AIA Documents, published by Aspen Publishing, is in its fifth edition. The information provided here is not intended to be a solicitation for legal services, nor does it constitute legal advice. A Legally Inclined Weblog. >. Sabo & Zahn LLC is an Illinois Limited Liability Company.

Claims 40

Claims Agreement Illinois Subcontracting 40

Contractor Bookkeeping

JUNE 20, 2014

We strongly recommend a Subchapter S Corp (a Sub S) for tax advantages, protecting your personal assets in the event of a claim or lawsuit against your company and for future expansion. Insurance - Is critical to your construction company. Talk to an insurance agent that understands construction about your insurance needs.

Insurance 48

Insurance Construction Accounting Claims 48

Contractor Bookkeeping

JUNE 15, 2012

We strongly recommend a Subchapter S Corp (a Sub S) for tax advantages, protecting your personal assets in the event of a claim or lawsuit against your company and for future expansion. Insurance - Is critical to your construction company. Talk to an insurance agent that understands construction about your insurance needs.

Contractors 48

Contractors Insurance Claims Lien 48

Construction Law Monitor

APRIL 15, 2015

Due to this misinformation, many contractors either avoid projects requiring bonds, thus missing great work opportunities; or sometimes even operate without them, which jeopardizes their legal standing and puts their whole company at risk. Currently, the company that provided bonding to Truland, XL Specialty Insurance Co.,

Insurance 40

Insurance Bankruptcy Contract Claims 40

Job Order Contracting

FEBRUARY 20, 2018

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. These negotiations must precede the JO award/approval and are not allowed on a Change Order basis. Insurance, fringe. Job Conditions.

Contract 100

Contract Organization Change Orders Overhead 100

Contractor Bookkeeping

JANUARY 2, 2015

Get Organized - We strongly recommend a Subchapter S-Corp for tax advantages, protecting your personal assets in the event of a claim or lawsuit against your company and for future expansion. Insurance - Is critical to your construction company. Talk to an insurance agent that understands construction about your insurance needs.

Construction 48

Construction Insurance Accounting Claims 48

Help Everybody Everyday

MARCH 6, 2009

Attempts to make you indemnify the entire project or insure the upstream party for its own acts. “No damages for delay” clauses that remove your ability to claim actual damages for delay beyond your control and imposed by an upstream party. Final payment as a waiver of all claims. Deal Breakers.

Contract 48

Contract Claims Legal Lien 48

Construction Law Monitor

APRIL 15, 2015

Due to this misinformation, many contractors either avoid projects requiring bonds, thus missing great work opportunities; or sometimes even operate without them, which jeopardizes their legal standing and puts their whole company at risk. Currently, the company that provided bonding to Truland, XL Specialty Insurance Co.,

Insurance 40

Insurance Bankruptcy Contract Contractors 40

Revit OpEd

DECEMBER 22, 2017

Repeal of certain miscellaneous itemized deductions subject to the 2% floor: Under current law, employees may claim itemized deductions for certain miscellaneous expenses. Thus, under the provision, employees may not claim the above-listed items as itemized deductions for taxable years 2018 through 2025. Work-related education.

Employment 85

Employment Compensation Agreement Income 85

Construction Lawyer

MAY 2, 2012

His book, Legal Guide to AIA Documents, published by Aspen Publishing, is in its fifth edition. The information provided here is not intended to be a solicitation for legal services, nor does it constitute legal advice. A Legally Inclined Weblog. >. Sabo & Zahn LLC is an Illinois Limited Liability Company. Section 21.2,

Contract 40

Contract Illinois Legal Construction 40

Buisness Facilities Contributed Content

MARCH 9, 2016

A taxpayer who qualifies may claim either: a credit against income taxes or license tax may apply equal to 25% of the rehabilitation expenses. A negotiated FILOT could lower the assessment ratio from 10.5% This credit is to be taken in equal installments over 3 years beginning with the tax year in which the site is placed in service.

South Carolina 40

South Carolina Income Liability Leases 40

Buisness Facilities Contributed Content

APRIL 15, 2014

The exceptions are for financial institutions, financial institution groups, and insurance companies that have a maximum business privilege tax of $3,000,000. This credit can also be claimed against the insurance premium tax, the oil and gas production and property taxes, the fisheries business and landing taxes, and the mining license tax.

Income 108

Income Finance Zoning Employment 108

Buisness Facilities Contributed Content

MARCH 21, 2014

The program is capped at 10,000 new jobs being claimed each year by all participants; whereas a taxpayer is limited to a maximum of 400 new jobs per year. FOREIGN TRADE ZONES (FTZs): Secured areas legally outside of U.S. Lenders negotiate their own fees and the USDA charges 2 percent of the guaranteed amount as a one-time fee.

Income 75

Income Finance Zoning Equipment 75

Construction Cost Estimating

MARCH 11, 2015

Once all is claimed and done, it’s not clear you may save enough cash to create it definitely worth the trouble, and also the contractor could refuse to pledge his installation on owner-supplied materials. The legal fees square measure straightforward to run up if you need easements or variances. Tree Conservation Permit 17.

Estimating 40

Estimating Bidding Budgeting Budget 40

Building Information Management

APRIL 24, 2016

Labor costs will be reimbursed to the Contractor at the unit price rate multiplied by the Contractor negotiated coefficient(s). Taxes, insurance, fringe benefits, and vacation allowances are to be included in the Contractor’s coefficient. The Contractor may be reimbursed for Subcontractor at cost plus the negotiated coefficient.

Contract 40

Contract Contractors Materials Site 40