Levelset

SEPTEMBER 14, 2022

“If something goes wrong, liability could hit the GC’s policy, which dilutes liability insurance limits, negatively impacts their claims history, and forces them to deal with a claim that’s not really their fault.”. Finally, the GC’s policy won’t provide any coverage for tools, equipment or vehicles.

Insurance 98

Insurance Liability Claims Injury 98

Construction Dive

JANUARY 2, 2014

By Bruce Jervis A primary purpose of a limited liability company, much like a corporation, is to shield company owners from personal liability for business losses. When the company enters into a contract, the company’s assets are at risk. It is also crucial to avoid comingling of company and personal funds or other assets.

Liability 64

Liability Risk Claims Contract 64

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

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. . From a JOC Program perspective, an annual total JOC construction value of approximately $2M is required before considering JOC due to associated administrative costs.

Contract 100

Contract Management Negotiation Estimating 100

Levelset

AUGUST 26, 2022

When working in construction, your insurance policy gets issued as a fairly standard contract. At the core, you have property coverage for your tools and equipment, along with a liability component that protects your financial assets in case there’s a work-related accident or injury that you may have some responsibility for. .

Insurance 52

Insurance Liability Equipment Agreement 52

Levelset

SEPTEMBER 30, 2022

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?

Insurance 52

Insurance Liability Accidents Injury 52

Levelset

SEPTEMBER 19, 2022

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. .

Insurance 52

Insurance Liability Compensation Claims 52

Levelset

OCTOBER 14, 2022

In this respect, general liability insurance or workers’ compensation could help cover those costs if an incident should occur. . Licensing & contract requirements. Plumbing insurance may also help you secure work with general contractors who will likely require coverage per terms of a contract. Liability for damage.

Insurance 52

Insurance Liability Injury Compensation 52

Levelset

SEPTEMBER 20, 2022

Damaged or stolen tools and equipment can erase a considerable investment, and bearing responsibility for damage to another person’s property can mean significant costs for an HVAC business. . Liability insurance will help cover expenses for damage to someone else’s property and/or legal costs if another party decides to file a lawsuit.

Insurance 52

Insurance Contractors Liability Accidents 52

Levelset

SEPTEMBER 23, 2022

If a sub accidentally drops a steel beam on the project manager’s new sports car, that subcontractor’s liability insurance policy would likely cover the damage. General liability, builder’s risk, and subcontractor default insurance are among the most common, and wrap insurance is growing in popularity.

Insurance 52

Insurance Liability Accidents Risk 52

Building Information Management

OCTOBER 16, 2015

J OB ORDER CONTRACTING . that is bid by job order contractor and use to multiply against a job order estimate for a job order contract as developed using the unit price book. The contract is an IDIQ or indefinite quantity contract for on-call construction services with a set duration and associate minimum and maximum value.

Contract 40

Contract Liability Insurance Documentation 40

Levelset

OCTOBER 13, 2022

Construction contracts often require that each hired specialty contractor maintain a minimum level of insurance coverage, and a COI will reflect that status. If you’re bidding on contract work, you will likely need a COI per terms of a legal agreement. There are a few parties that might require a COI from your contracting business.

Insurance 52

Insurance Certification Contractors Liability 52

Levelset

SEPTEMBER 16, 2022

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. Completed operations coverage is bundled with a contractor’s general liability policy. Completed operations covers liability from work that is already completed (i.e., not in progress).

Insurance 52

Insurance Liability Claims Contractors 52

Construction Dive

JANUARY 16, 2013

By Bruce Jervis Courts strive to limit the effect of delay damage disclaimers, or for that matter any exculpatory language, particularly when the contract was prepared by the party seeking to enforce the disclaimer. There was a recent example in California involving a supplier of shoring equipment.

Contract 48

Contract Liability Inspections Conference 48

Levelset

SEPTEMBER 12, 2022

” You may already have an insurance policy that offers coverage for business property and general liability. This broader category of commercial insurance is designed to cover things like building materials, tools, or equipment, regardless of where these items travel. . Who needs installation floater insurance?

Insurance 52

Insurance Liability Risk Materials 52

NH Construction Law

JUNE 30, 2020

A few years back I blogged (#24) on the Spearin doctrine, which holds that adherence to government-imposed design specifications absolves the contractor from contract liability to the government when the finished product fails to perform as intended. Spearin does not address tort liability to third parties injured by defective designs.

Contractors 40

Contractors Liability United States Defense 40

Job Order Contracting

SEPTEMBER 29, 2017

(c) “Job order” – a firm, fixed priced, lump-sum order issued by an organization to a job order contractor for a definite project scope of work as compiled from the unit price book to be performed pursuant to a job order contract. (d)

Organization 100

Organization Contract Liability Contractors 100

NH Construction Law

DECEMBER 19, 2020

For public works contracts where payment bonds are required by statute ( RSA 447:16 et seq. citations omitted] By its terms the bond insured the faithful performance of the contract. Thus the liability of the company as surety is coextensive with that of the principal.” United States ex rel. Walton Technology v.

Subcontracting 40

Subcontracting New Hampshire Liability Defense 40

Autodesk Construction Cloud

NOVEMBER 16, 2022

3: Contract Management. Getting your legal ducks in a row is paramount in construction, which is why it is important to have robust contract management workflows. . Moreover, poor contract workflows make it difficult for legal teams to audit projects, which can introduce all sorts of risks and liabilities. .

Autodesk 105

Autodesk Construction Contract Documentation 105

Construction Cost Estimating

JUNE 26, 2019

In this civil engineering article, you will get the details about the role of a contractor and the liabilities of him. The contractor verifies that the project abides by all the specifications as provided in the contract documents. Arrange necessary construction equipments. Apply the proper safety equipment in the project.

Contractors 40

Contractors Legal Safety Liability 40

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

Job Order Contracting

JUNE 5, 2017

operations and record keeping, trash-recycle removal, security services, service contracts, utility charges (electric, gas/oil, water), insurance (fire, liability, operating equipment) and taxes. This category may include expenditures for service contracts and other third-party costs. Examples of planned or programmed.

Management 100

Management Equipment Inspections Budgeting 100

Construction Business Owner

JUNE 29, 2012

EQUIPMENT |. Equipment Management. Equipment and Services Directory. Committing Intentional Project Communications » Public Exposure and Liability on Construction Sites. Public Exposure and Liability on Construction Sites. MARKETING |. INSURANCE |. General Management. Software & Technology. Construction Law.

Construction 120

Construction Safety Software Software 120

NH Construction Law

AUGUST 13, 2020

In the law of contracts, damages suffered by the nonbreaching party may be either “direct” (loss of the benefit of the bargain, measured by the cost of remedying the deficient performance) or “consequential” (other reasonably foreseeable harm caused by the breach). v Conor Medsystems Ireland, Ltd. , 3d 676 (2014).

Profitability 40

Profitability Contract Liability Bargains 40

NH Construction Law

SEPTEMBER 28, 2023

“Building or work” now includes so-called “green” equipment such as solar panels, wind turbines, broadband installation, and installation of electric car chargers, and embraces construction activities on only a portion of a building, as well as demolition and removal work.

Regulation 40

Regulation Contractors Contract Site 40

Construction Business Owner

SEPTEMBER 27, 2011

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 |. August 2012.

Construction 180

Construction Software Software Accounting 180

Construction Law Monitor

JULY 20, 2011

You are in the business of leasing heavy equipment to contractors. Chances are you are stuck in rough spot and have to defer to your contract for remedy. Under both Acts, a Lessor of movables (equipment, vehicles, etc.) You are beginning to provide more and more machinery to jobsites. You just hit your first snag with payment.

Leases 44

Leases Lien Louisiana Equipment 44

Construction Business Owner

MAY 10, 2012

EQUIPMENT |. Equipment Management. Equipment and Services Directory. » CBO Visits Equipment Manufacturers. Last week I unplugged my laptop, set aside my to-do list, and spent some time with equipment manufacturers who supply CBO’s readers. Public Exposure and Liability on Construction Sites.

Construction 120

Construction Software Software Georgia 120

Green Building Law Update

NOVEMBER 27, 2016

With the maturation of the green building industrial complex it has become clear there is no more or additional liability associated with constructing a green building versus a similar non green structure. It is important to make clear there are very few instances of litigation involving substantive matters of green building.

Green 120

Green Claims Certification North Carolina 120

Construction Business Owner

MAY 29, 2012

EQUIPMENT |. Equipment Management. Equipment and Services Directory. Public Exposure and Liability on Construction Sites. MARKETING |. INSURANCE |. General Management. Software & Technology. Accounting & Finance. Construction Law. People Management. Green Building. Construction Safety. Compliance/Regulations. August 2012.

Construction 120

Construction Software Software Cash Flow 120

Construction Business Owner

DECEMBER 20, 2011

EQUIPMENT |. Equipment Management. Equipment and Services Directory. Public Exposure and Liability on Construction Sites. MARKETING |. INSURANCE |. General Management. Software & Technology. Accounting & Finance. Construction Law. People Management. Green Building. Construction Safety. Compliance/Regulations. August 2012.

Software 120

Software Software Construction Accounting 120

Construction Business Owner

NOVEMBER 17, 2011

EQUIPMENT |. Equipment Management. Equipment and Services Directory. E-mail overload » Construction Equipment Management: Finding the Sweet Spot. After working with contractors for 30+ years, it still concerns me how many do not have a real handle on their equipment costs. 4 Categories of Equipment.

Construction 136

Construction Software Software Equipment 136

Construction Business Owner

JANUARY 31, 2012

EQUIPMENT |. Equipment Management. Equipment and Services Directory. Public Exposure and Liability on Construction Sites. MARKETING |. INSURANCE |. General Management. Software & Technology. Accounting & Finance. Construction Law. People Management. Green Building. Construction Safety. Compliance/Regulations. August 2012.

Construction 185

Construction Software Software Accounting 185

Construction Business Owner

SEPTEMBER 28, 2011

EQUIPMENT |. Equipment Management. Equipment and Services Directory. The CBO team attended the APWA 2011 Congress this year and had a chance to learn about the industry’s latest equipment and products. Public Exposure and Liability on Construction Sites. MARKETING |. INSURANCE |. General Management.

Construction 120

Construction Software Software Cash Flow 120

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

Levelset

MAY 23, 2022

These include financial losses from reduced income streams or damaged equipment. For example: Let’s say a flood enters and damages your business, leaving the building obsolete for a month as well as destroying valuable equipment and tools. Getting the most out of your business interruption insurance policy.

Insurance 97

Insurance Contractors Construction Claims 97

Construction Business Owner

JULY 12, 2012

EQUIPMENT |. Equipment Management. Equipment and Services Directory. « Public Exposure and Liability on Construction Sites. To paraphrase what the owner of an electrical contracting company told me not long ago, “We do our best to go through all the plans, RFIs, etc. MARKETING |. INSURANCE |. Green Building.

Construction 136

Construction Documentation Software Software 136