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The Impact of ASC 842 – The New Lease Standard Is Here

Construction Business Owner

Going forward there will be a long-term asset offset by a current liability and a long-term liability. According to ASC 842-10-55-12, these leases “should be classified in accordance with the lease classification criteria applicable to all other leases on the basis of the legally enforceable terms and conditions of the lease.”

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Construction Law: Jan/Feb 2024

Construction Law

Editor Nick Barrett asks how long the UK can get away with the governance problem said by the head of the National Audit Office to be embedded at the heart of Whitehall when it comes to managing large scale procurements. Legal terms explained David Nitek and Noe Minamikata of Herbert Smith Freehills LLP explain what is meant by ‘hot-tubbing’.

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What Are the Legal Safeguards for Getting Back to Work?

Pro Builder

What Are the Legal Safeguards for Getting Back to Work? As builders and trade contractors start to get back on track following the impact of COVID-19 and its restrictions, there are legal concerns to consider. office of Akerman. . Mon, 07/27/2020 - 12:57. Mike Beirne, Senior Editor. Photo: Visoot / adobestock.com. .

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Completed Operations: A Contractor’s Guide to Coverage, Cost, & More

Levelset

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. It pays for repairs of damages to the surrounding property, as well as legal expenses incurred during a lawsuit.

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Carpenter’s Insurance: Who Needs It & Why

Levelset

There are many policies that apply to a carpenter, but a simple business owner’s policy can include property damage and liability coverage. If a third party gets injured on a job, liability coverage helps pay the cost of legal defense if you get sued for the accident. . Does a carpenter need insurance?

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On the rise: Securing entrance ways with retrofits

Construction Specifier

With today’s health compliance mandates and growing social upheaval, physical security upgrades must transcend previous technologies which only focused on minimizing organizational risks in corporate office buildings. The post On the rise: Securing entrance ways with retrofits appeared first on Construction Specifier.

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Unlimited liability for designers and contractors

Construction Lawyer

Werner Sabo is a partner at the construction law firm of Sabo & Zahn in Chicago. He is a member various professional organizations, has been an officer and director of the Chicago Chapter AIA, President of the Chicago Chapter, Construction Specifications Institute, and writes a regular construction law column for The Construction Specifier.