Remove Claims Remove Legal Remove Liability Remove Permits
article thumbnail

What Contractors Need to Know About Surety Bonds

Construction Marketing

Surety bonds are financial guarantees that are issued to ensure the individual or company who obtains the bond will perform work in a legally compliant manner and will avoid fraud and misconduct. Surety – The bonding company that guarantees the principal’s ethical operations and legal compliance by issuing the bond.

article thumbnail

Between A Rock and A Hard Place: How the Severin Doctrine May Relate to Your Statute of Limitations Period

Best Practices Construction Law

I previously blogged about the rules relating to pass-through claims , where a prime contractor’s recovery from an owner for damages suffered by its subcontractor is limited in certain circumstances. KBR submits a certified claim with the Army for $10.4 In Kellogg Brown & Root Servs., million; and. million; and.

Claims 63
professionals

Sign Up for our Newsletter

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

article thumbnail

Contractor License Bonds: Everything You Need to Know

Levelset

Well, every state sets its own rules for contractor licensing, and contractors often must purchase a surety bond in order to legally practice their trade. In the event of a valid claim against the license bond, the principal must reimburse the surety company for any payouts. Note: These scenarios don’t always lead to a claim.

article thumbnail

GIVEAWAY #5: AUTODESK SWAG PACK

Construction Junkie

ELIGIBILITY: This contest (“Contest”) is open to legal residents of the fifty (50) United States and the District of Columbia who are at least 18 years or older at the time of entry. No transfer, substitution or cash alternative permitted, except by Construction Junkie, LLC in its sole discretion.

article thumbnail

GIVEAWAY #4: MILWAUKEE TOOL PRIZE PACK

Construction Junkie

ELIGIBILITY: This contest (“Contest”) is open to legal residents of the fifty (50) United States and the District of Columbia who are at least 18 years or older at the time of entry. No transfer, substitution or cash alternative permitted, except by Construction Junkie, LLC in its sole discretion.

article thumbnail

GIVEAWAY #2: Procore Swag Pack

Construction Junkie

ELIGIBILITY: This contest (“Contest”) is open to legal residents of the fifty (50) United States and the District of Columbia who are at least 18 years or older at the time of entry. No transfer, substitution or cash alternative permitted, except by Construction Junkie, LLC in its sole discretion.

ProCore 52
article thumbnail

GIVEAWAY #3: RYOBI PRIZE PACK

Construction Junkie

ELIGIBILITY: This contest (“Contest”) is open to legal residents of the fifty (50) United States and the District of Columbia who are at least 18 years or older at the time of entry. No transfer, substitution or cash alternative permitted, except by Construction Junkie, LLC in its sole discretion.

Claims 52