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

Levelset

For example , if your insurance policy covers your equipment, any damage that is covered will lead directly to you getting reimbursed for repairs or replacement. For example , if you damage a customer’s property while performing electrical repairs, liability insurance may cover the cost of damages to the customer’s property. .

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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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Construction Business Owner Blogs

Construction Business Owner

EQUIPMENT |. Equipment Management. Equipment and Services Directory. Committing Intentional Project Communications » Public Exposure and Liability on Construction Sites. This week, I’m pleased to welcome David DeVita, a safety expert with 20 years of experience, from Carolina Safety Consultants. MARKETING |.

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The role of Site Engineer & Project Engineer in a construction project

Construction Cost Estimating

Both play important role for major projects with equally significant liabilities. Comparing Site Engineers to Project Engineers: Both the site engineers and project engineers take diverse liabilities for accomplishment for different types of construction projects.

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Construction Business Owner Blogs

Construction Business Owner

EQUIPMENT |. Equipment Management. Equipment and Services Directory. Most of these contractors are considering an investment in equipment or software, and they want to know if it can actually help their construction business. Good on new and used equipment, including software. MARKETING |. INSURANCE |.

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JOC Tutorial #71 – Terms

Job Order Contracting

f) “Job order contractor” – a licensed, bonded, and general liability insured contractor awarded a job order contract. (g) The prices shall include the cost of materials, labor, and equipment for performing the items of work. The prices shall not include overhead and profit.

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Things Contractors Should Know About Job Order Contracts

Job Order Contracting

Make certain that the roles, responsibilities, tools, requirements and liabilities associated with the JOC are specified in appropriate detail. Will you work directly with the real property owner or a consultant? What is the total number of material, labor, equipment, modifier, and demolition line items? Unit Price Book: Do’s.

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