Contractors Liability Lien Risk 
Construction Marketing
JULY 11, 2022
If you want to be a contractor, being licensed and bonded will have a major impact on your ability to work in the city and state where you live and work. Many state and local governments require that contractors who perform work above a threshold amount obtain licenses. What Are Surety Bonds? Bond Types.
Levelset
SEPTEMBER 23, 2022
General contractors know these risks when they take the role. But what if the general contractor isn’t at fault, and a subcontractor is to blame? Does a general contractor’s insurance cover their subcontractors’ accidents or mistakes? General liability insurance. Luckily, that’s what insurance is for, right?
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Construction Lawyer
MAY 30, 2012
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. Sabo & Zahn LLC is an Illinois Limited Liability Company. In other words, you use the stuff we post here at your own risk.
Levelset
JUNE 6, 2022
Construction projects rely on contractors completing the work they started and meeting the design intent. In an attempt to hold contractors accountable, many projects use retention holdbacks, also known as retainage. These holdbacks need to be accounted for by every party to a project: owner, general contractor, and subcontractor.
Construction Dive
JUNE 16, 2016
By Bruce Jervis Public works payment bond statutes require prime contractors to furnish payment bonds for the protection of parties that provide labor or materials to the project. For subcontractors and suppliers, which are unable to lien public property, these bonds are the only effective form of payment assurance.
Autodesk Construction Cloud
NOVEMBER 15, 2021
Karalynn also brought up the tendency of the industry to pass liability down the chain when drawing up contracts. Owners pass on certain risks (contractually) to general contractors, who may do the same thing when hiring specialty contractors. .” —Karalynn Cromeens, The Cromeens Law Firm.
Levelset
AUGUST 16, 2022
To grow a construction business, contractors often pursue larger projects. However, larger projects come with greater risks and additional challenges. Some contractors watch as their gross profit margins decrease when they take on larger jobs. Sufficient working capital.
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