Contract Liability Risk Subcontracting 
NH Construction Law
AUGUST 21, 2022
Many performance bonds (the popular AIA A312 is an example) state that the surety’s obligation is not triggered unless the principal’s contract has been terminated. Conversely, not terminating also forgoes the protection of the bond – if termination is an enforceable condition of the surety’s liability.
Autodesk Construction Cloud
NOVEMBER 15, 2021
In a perfect world, a contract should include a clear set of instructions that conveys well-defined expectations to all parties concerned. This episode of Autodesk’s Digital Builder podcast addresses the most common challenges with contracts and how simple adjustments can ensure you fully understand what you’re signing.
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Levelset
SEPTEMBER 14, 2022
Let’s take a look a subcontractor insurance: when it’s needed, what happens if a sub goes uninsured, and what policies subs can use to protect their businesses from risk. Subcontractor business liability insurance should be retained since a catastrophic claim could bankrupt most all painting contractors.
Levelset
SEPTEMBER 12, 2022
” You may already have an insurance policy that offers coverage for business property and general liability. The floater can stand alone or be a limited part of a builder’s risk business policy. Subcontractors face risk from a variety of angles , and some of those exposures can be addressed through a GC’s policy.
NH Construction Law
NOVEMBER 30, 2020
in the United States District Court for any district in which the contract was to be performed and executed.” Because venue provisions can be waived, courts allow Miller Act claims to be litigated in a different court selected by the parties’ contract. What if the parties’ contract calls for arbitration?
Levelset
OCTOBER 14, 2022
In this respect, general liability insurance or workers’ compensation could help cover those costs if an incident should occur. . Each field of subcontracting work has its own area of focus in insurance matters. Licensing & contract requirements. Liability for damage. A GL policy offers a wide range of protection.
NH Construction Law
MAY 20, 2023
The main purpose of such clauses is to shift the risk of owner nonpayment, whether due to owner insolvency or owner breach, from the contractor to the subcontractors. “Conditions in contracts are construed in accordance with their ordinary meaning.” JBC Merger Sub LLC v. Tricon Enterprises, Inc. , 145, 286 A.3d 3d at 1200.
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