Remove Contractors Remove Documentation Remove Liability Remove Subcontracting
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#116:  Termination as a Condition of Performance Bond Liability

NH Construction Law

This can put the obligee, whether an owner holding its general contractor’s performance bond or a general contractor holding its subcontractor’s performance bond, in a difficult spot. In Arch Insurance Co. Graphic Builders LLC , 36 F.4th 4th 12 (1st Cir. ” Id. ” Id. million,” id.

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Subcontractor Insurance: 7 Policies Subs Should Consider for Their Business

Levelset

“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.”. Are subcontractors covered under the general contractor’s insurance?

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#108:  Replacement Contractor Issues

NH Construction Law

When a contractor abandons or is terminated from a construction project before substantial completion, one of the first tasks for the owner/developer (or for the contractor’s performance bond surety if such a bond exists) is to locate and hire a completion contractor.

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Digital Builder Podcast Ep 22: How Specialty Contractors Can Navigate Contracts & Get Paid On Time

Autodesk Construction Cloud

In reality, it’s often a monster document packed full of legalese that can be difficult to understand. A contract should really be a tool to help everyone in the construction industry; it doesn’t have to be this monster document that you just hold your nose, sign, and hope for the best.” Let’s meet in the middle.

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Winning More Construction Bids: A Complete Guide

Autodesk Construction Cloud

When a general contractor has a project to deliver, they will split it up into packages, such as drywall, plumbing, or mechanics, and invite subcontractors to bid on specific parts of the job defined by these specialties. . At this stage, contractors are requested to submit a proposal or tender. Subcontracting. Bid Submission.

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Seventh Circuit examines "pay-if-paid" provision

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. In BMD Contractors v. Disclaimer.

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Construction Financial Reporting – Why It’s Important and How To Do It

cnstrctr

Contractors charge fee on a project, and that fee is intended to go into the business. This will typically cover your from both a liability and due diligence standpoint. You should break this report down by division including soft costs from hard costs (your costs vs costs that are subcontracted out).