Contract Debt Insurance Liability 
Construction Law
MAY 2, 2024
Guest editor JCT 2024 ducks the difficult issues JCT’s Design and Build contract has been updated for the first time in eight years. Arbitration Restructuring versus arbitral awards – will the debt survive? Legal terms explained Isabella Salame of Herbert Smith Freehills LLP explains what is meant by non-delegable duties.
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.
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PSMJ Resources
JULY 10, 2013
With an uncertain economic climate, the emphasis on solid contract terms is increasingly vital to a firm''s financial success. Most clients are demanding more work for lower fees, and firms that do not reexamine the terms of their contracts usually find themselves without enough income to break even, let alone make a profit.
Construction Business Owner
AUGUST 19, 2011
INSURANCE |. Inside these pages you’ll learn how to better manage the submittal process; make the most of field, logistics and maintenance report; examine if it’s smart to restructure debt, reinforce training so that it sticks, and more. Public Exposure and Liability on Construction Sites. STRATEGY |. MANAGEMENT |. ACCOUNTING |.
Construction Law Monitor
APRIL 4, 2011
. –Lists of subcontractors and suppliers and verify that they pay their debts on time. –Proof of current insurance (should include General Liability, Worker’s Compensation and Builder’s Risk). –The contract should be modeled after standard American Institute of Architect’s (AIA) construction contract. .
PSMJ Resources
AUGUST 23, 2011
With the fluctuating economy and the recent downgrade of the country’s debt, it remains unclear what the future will hold for the design industry. Although the values of new design contracts have weakened, this will hopefully mean more of these inquiries will turn into work in the months to come. More firms buying more insurance.
Levelset
AUGUST 16, 2022
In some cases, prior to speaking with the surety, it is helpful to prepare an itemized list that breaks the project’s contract value down by scope and/or subcontractor. Next, subtract the sum of your accounts payable, short-term debts owed, and over-billings. Reputation with past suppliers, project owners, & subcontractors.
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