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

Construction Business Owner

It is time for contractors to get serious about the new accounting lease standard. It is time for contractors to get serious about the FASB ASU 2016?02 Going forward there will be a long-term asset offset by a current liability and a long-term liability. The Impact of ASC 842 – The New Lease Standard Is Here.

Leases 177
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First-Party vs. Third-Party Insurance: What’s the Difference?

Levelset

Third-party insurance , also known as liability or casualty insurance, protects insured individuals or businesses in situations where they may be liable for damages to another person or business — the third party. The general contractor who bought the insurance policy is reimbursed for damages. First-party insurance examples.

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JOB ORDER CONTRACTING Cooperatives

Job Order Contracting

JOB ORDER CONTRACTING Cooperatives play an important role for real property owners, facilities manager, and contractors. Here are some tips for contractors considering working with JOB ORDER CONTRACTING Cooperatives or considering changes in within specific programs. Job order contracting cooperatives – Contractor Info.

Contract 100
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Advise and Consult: Expert advice from expert construction witnesses

Construction Marketing Ideas

The Advise & Consult, Inc. The Advise and Consult (myconstructionexpert.com) blog focuses on legal matters relating to construction and provides us with plenty of food for thought. You’ll certainly want legal advice in dealing with and managing these limitations issues. can provide.

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Unlimited liability for designers and contractors

Construction Lawyer

His book, Legal Guide to AIA Documents, published by Aspen Publishing, is in its fifth edition. He is a partner in the law firm of Sabo & Zahn, concentrating in construction law and representing owners, contractors, architects, developers, engineers and other parties in the construction process. A Legally Inclined Weblog. >.

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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. . What insurance does a carpentry contractor need? .

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Louisiana Court Enforces AIA Wavier of Subrogation to Preclude Carrier’s Recovery

Constructlaw

The builder’s risk carriers — subrogated to the rights of the owner — then sued the prime contractor, its subcontractor, and sub-subcontractor for negligence. The contractor and subcontractors moved for summary judgment, asserting that the carriers’ claims were barred by the mutual waiver of subrogation contained in the prime contract.