Levelset

SEPTEMBER 19, 2022

As you dig deeper into your construction insurance policy, you may come across the terms first-party insurance and third-party insurance. Mastering the difference between these two concepts is crucial to understanding how different types of construction insurance protect you.

Insurance 52

Insurance Liability Compensation Claims 52

Levelset

JUNE 3, 2022

Project loss insurance has the potential to save contractors from devastating project losses, no matter the cause. Project loss insurance, or PLI, is designed to mitigate catastrophic construction project losses. Project loss insurance coverage. How project loss insurance works. How much does project loss insurance cost?

Insurance 52

Insurance Cash Flow Claims Contractors 52

Levelset

OCTOBER 14, 2022

Plumbing contractors should include business insurance as an integral part of their financial strategy. With numerous policies available, the plumbing contractor’s insurance landscape offers many ways for you to protect your physical and financial business assets. What is plumber’s insurance? Worker injury.

Insurance 52

Insurance Liability Injury Compensation 52

Levelset

SEPTEMBER 16, 2022

Your base insurance policy may offer some coverage for unexpected damage to some business property, but making assumptions about the extent of coverage could lead to some financial distress. . An equipment floater offers insurance protection for your business property as it moves from location to location. What is an equipment floater?

Insurance 52

Insurance Equipment Contractors Risk 52

Job Order Contracting

JANUARY 25, 2018

Judgment factors must be applied within the average range to allow for: • Quality • Type of contract. Insurance and bond costs • Appraisals. via Four BT, LLC, Tool, cost data, and services to support best value LEAN construction delivery, including Job Order Contracting. . also assumed. Location • Extent of site works.

Commercial 100

Commercial Construction Commissioning Permits 100

Levelset

OCTOBER 13, 2022

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.

Insurance 52

Insurance Certification Contractors Liability 52

Wolgast Corporation

JANUARY 12, 2023

General Contracting. Over the years, we have diversified from our original General Contracting service that started the company 75 years ago to better serve more industries in our market and also a variety of sizes and complexity of buildings. Construction Management. Restoration. Development/Leaseback Services.

Commercial 91

Commercial Construction Retail Michigan 91

Levelset

SEPTEMBER 20, 2022

HVAC contractor insurance is the primary way to help protect your financial interest if things go wrong on the job. This contractor’s insurance solution is typically the most cost-effective means to secure coverage and give you peace of mind. What is HVAC contractor insurance? Who needs HVAC insurance?

Insurance 52

Insurance Contractors Liability Accidents 52

NH Construction Law

JANUARY 30, 2022

When a contractor or subcontractor is sued for defective workmanship, one of his first thoughts is likely to be whether the damages are covered by his liability insurance. But if the plaintiff’s complaint also alleges some resulting property damage, however minor, the insurer is obliged to defend the lawsuit.

Insurance 40

Insurance Liability Defense New Hampshire 40

NH Construction Law

JULY 22, 2023

Commercial construction subcontracts frequently incorporate by reference provisions of the prime contract between the owner and the general contractor, often with language requiring the subcontractor to assume toward the general contractor all duties owed by the general contractor to the owner. In Amerisure Insurance Co.

Subcontracting 40

Subcontracting Contract Contractors New Hampshire 40

HardHatChat

OCTOBER 18, 2016

Behind-the-scenes team members – such as Englewood Construction’s CFO, Mary Davolt, who was recently honored as a CFO of the year by the Daily Herald – play a critical role in the success of a commercial construction firm. Recently our CFO, Mary Davolt, was honored as a CFO of the Year by suburban Chicago’s Daily Herald newspaper.

Commercial 120

Commercial Safety Construction Project Management 120

Construction Dive

MARCH 5, 2014

Court of Appeals has ruled that the commercial general liability (CGL) insurer of a named insured subcontractor had no duty to defend an additional insured general contractor in a project owner’s post-completion breach-of-contract suit for construction defects arising from the subcontractor’s work on a condominium project.

Insurance 53

Insurance Contract Liability Contractors 53

cnstrctr

JANUARY 4, 2020

A construction contract is a tool that you can use to help outline these requirements. What exactly is a construction contract, how can it be used and what are the different types? A construction contract is a document that outlines the roles and responsibilities between two or more parties on a project. Lump Sum Contracts.

Contract 88

Contract Construction Finance Documentation 88

NH Construction Law

JULY 26, 2020

“May unintentionally faulty subcontractor work that damages an insured’s work product constitute an ‘accident’ under a commercial general liability insurance policy?” The Michigan Supreme Court disagreed, interpreting “accident” as broader than “fortuity.” 2d 871, 880 (Fla.

Insurance 40

Insurance Liability Accidents Michigan 40

Construction Marketing

OCTOBER 28, 2018

Whether your construction is a simple house upgrade or a commercial remodeling, a wrong contractor can frustrate your efforts and waste a lot of time, money and energy. For example, if you are looking to build a commercial retail and office space, it would probably be a bad idea to hire a contractor with a home improvement license only.

Contractors 164

Contractors Insurance Commercial Bidding 164

Construction Dive

AUGUST 28, 2013

The court also rejected the common insurance company arguments that a CGL policy is not a performance bond and that such a policy only covers tort claims, never contract claims. Read more.'

Liability 52

Liability Insurance Commercial Claims 52

Job Order Contracting

MARCH 29, 2017

Best Practice Job Order Contracting. The DOD has long been recognized as the leader in best practice job order contracting. Thus while County, State, and Local Governments in general have a ways to go in deploying Best Practice Job Order Contracting, the potential benefit are certainly worth the effort. Note that for.

Contract 100

Contract Office Negotiation Procurement 100

Construction Dive

FEBRUARY 12, 2014

By Bruce Jervis Commercial general liability (CGL) insurance policies have been the source of much controversy in the construction industry. The policies insure against personal injury or property damage caused by an occurrence during the contractor’s performance of the work. Insurers certainly don’t intend them to.

Insurance 56

Insurance Contractors Liability Injury 56

Job Order Contracting

NOVEMBER 7, 2017

Setting up a Job Order Contract Using Best Management Practices involves a mix of strategic and operational steps including a gap analysis of current and planned outcomes. . d) An indefinite-delivery, indefinite-quantity (task order) contract which provides for the use of negotiated, definitive, bilateral orders (i.e.,

Contract 100

Contract Management Negotiation Estimating 100

Best Practices Construction Law

JULY 29, 2015

There are multiple types of insurance coverage for the various risks on a construction project. However, when there are multiple insurance carriers covering the same risk (i.e., However, when there are multiple insurance carriers covering the same risk (i.e., In a recent case, Cincinnati Insurance Co.

Insurance 48

Insurance Liability Claims Electrical 48

NH Construction Law

AUGUST 31, 2023

Subrogation – the right of an insurer, upon paying an injured party’s damages arising out of a negligence claim, to chase the negligent party for reimbursement – is a staple of the law. And the insurer will have no say in the matter. Notice that this clause expressly addresses only property insurance.

Insurance 40

Insurance Liability Claims AIA 40

Levelset

SEPTEMBER 16, 2022

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.

Insurance 52

Insurance Liability Claims Contractors 52

Levelset

SEPTEMBER 12, 2022

” You may already have an insurance policy that offers coverage for business property and general liability. An installation floater is a form of insurance coverage that protects the value of building materials that will become a permanent part of a commercial or residential structure. What is an installation floater?

Insurance 52

Insurance Liability Risk Materials 52

Green Building Law Update

NOVEMBER 15, 2020

It is widely accepted that while a property owner owes a duty to exercise ordinary care to keep the premises in a reasonably safe condition, it is not the insurer of the invitee’s safety. All of this begs the question if a business owner’s premises liability insurance covers such claims? With Covid-19 spreading across the U.S.

Liability 293

Liability Legal Claims Insurance 293

Fieldwire

AUGUST 14, 2023

It’s fairly common, especially on commercial and public construction projects, and typically ranges from 5 - 10% of the total contract price. So on a $100,000 contract with 10% retainage, the contractor doesn’t have to fork over ten grand at the beginning. This can be used in a couple of different ways.

Contractors 98

Contractors Cash Flow Lien Negotiation 98

Fieldwire

MARCH 5, 2024

Subcontractors getting awarded a contract spells financial disaster if the bid is too high to be competitive or too low to be profitable. In contrast, trying your luck on any project coming your way can lower your chances of winning a contract. To say that winning bids is the key to success in construction is a half-truth.

Budgeting 52

Budgeting Budget Estimating Bidding 52

Chianelli Estimating

AUGUST 6, 2020

Most likely none of the cost factors now required will have been budgeted for on previously awarded contracts and the list is formable; controlled access to sites, material delivery disruptions, temperature checks, two week quarantine, reduced labor force – both in the field and in the office, material shortages. cost overruns.

Estimating 60

Estimating Residential Insurance Commercial 60

Building Information Management

APRIL 25, 2016

Subpart 5117.90 – Job Order Contracts. general and administrative and other overhead costs, insurance costs, bonding and alternative payment protection costs, protective clothing, equipment rental, sales tax and compliance with tax laws, and also contractor’s profit). 5117.9003 Use of job order contracts.

Contract 40

Contract Negotiation Office Estimating 40

Constructlaw

JULY 14, 2022

together, ASD or Owner) contracted Sweet Construction Corp. Sweet) to renovate a commercial space in Manhattan’s Diamond District (the Project). Bank of America, N.A. ASD Gem Realty LLC , 205 A.D.3d 3d 1, 164 N.Y.S.3d 3d 566 (2022). ASD Gem Realty LLC and ASD Diamond, Inc.

Subcontracting 52

Subcontracting Banking Contract Claims 52

Levelset

APRIL 15, 2022

Mayer Building Company is a New Orleans-based general contractor that specializes in commercial construction and historic renovations. In short, the company has a wealth of experience in preserving New Orleans’ historic architecture, as well as designing, building, and renovating commercial spaces. . Mayer Building Company overview.

Resource 97

Resource Lien Documentation Change Orders 97

Construction Law

MARCH 2, 2022

Alternative ways of bringing in the funds available from lenders like insurance companies and pension funds were being sought and various proposals involving hybrid public/private partnership type arrangements mooted. Its 25 year commercial arrangement is based on the ‘PF2’ model – which has since been scrapped by the Treasury.

Finance 52

Finance Transportation Commercial Infrastructure 52

Green Building Law Update

DECEMBER 3, 2017

There are a panoply of federal laws within discreet silos, including significantly: The Health Insurance Portability and Accountability Act (HIPAA), The Family Educational Rights and Privacy Act (FERPA), the Fair and Accurate Credit Transaction Act (FACTA), and the like. establish requirements for a business after a data breach.

Green 120

Green Risk Claims Drafting 120

Construction Cost Estimating

MAY 12, 2015

The job responsibilities will be supporting the commercial/quantity surveying team concerning commercial & contractual control as well as the co-ordination of the endeavors of all parties associated with carrying out of a particular project or series of projects. Produce payment certificates for sub-contract work.

Cash Flow 40

Cash Flow Commercial Contract BIM 40

Green Building Law Update

DECEMBER 16, 2018

Bitcoin or other) exchange in a business transaction undertaken with a smart contract stored over the peer to peer network that is blockchain. In another high profile application, Walmart just announced it is requiring suppliers of leafy green vegetables upload growing and shipping data to blockchain by September 2019. described above.

Vermont 136

Vermont San Francisco United States Leases 136

Levelset

AUGUST 5, 2022

Construction insurance can be confusing. Each contractor and party to the project has their own insurance, which may or may not be adequate to protect the work they’re performing. Learn more: What types of insurance do contractors need? Learn more: What types of insurance do contractors need? CCIP vs. OCIP insurance.

Insurance 52

Insurance Liability Claims Construction 52

Levelset

JULY 21, 2022

For example, contract bonds — like payment or performance bonds — are project-specific bonds that protect the property owner and subcontractors. If a contractor is doing both residential and commercial work, they must hold two surety bonds. . When the project is completed successfully, the bond expires. How to get a license bond.

Contractors 52

Contractors Claims Oregon Residential 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