Remove Deals Remove Insurance Remove Lien Remove Negotiation
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7 Contractor Tips for Dealing With Insurance Adjusters & Owners

Levelset

In turn, the owner is relying on the insurance company to pay their claim. After all, the faster the insurance company pays the owner, the quicker you can get paid ! Dig deeper: What contractors need to know about the insurance claims process. You don’t work for the insurance company or the adjuster, and they don’t work for you.

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Assignment of Benefits for Contractors: Pros & Cons of Accepting an AOB

Levelset

When a property owner files an insurance claim to cover a restoration or roofing project, the owner typically deals directly with the insurance company. They may not have the funds available to pay the contractor out of pocket, so they’re counting on that insurance check to cover the construction costs. Setting up an AOB.

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Litigation Topics for Prime / Subcontractor Contracts

Construction Law Monitor

Here both parties need to negotiate terms to better protect when a dispute arises. A good subcontractor will have his attorney review any agreement to make sure that the deal is an even one. Insurance can be purchased by prime or sub to cover the indemnity obligation. Lien Waivers. No Damages for Delay Clauses.

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Contracts: What to Look Out for

Help Everybody Everyday

Deal Breakers. Attempts to make you indemnify the entire project or insure the upstream party for its own acts. Better to Avoid, but Don’t Lose a Good Deal. Should any questions arise during contract negotiations, consult with an attorney knowledgeable in construction law to assure that your rights are protected.

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Starting Profitable Construction Company Unique Secrets Revealed

Contractor Bookkeeping

Negotiate a fair deal that allows the bank to get something and you get something, a win-win and you will find more great deals coming your way in the future. A good commercial attorney will draw up employment agreements, construction contracts, review insurance policies and more. 5 Your Financial Planner.

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State by State Incentives Guide

Buisness Facilities Contributed Content

The exceptions are for financial institutions, financial institution groups, and insurance companies that have a maximum business privilege tax of $3,000,000. This credit can also be claimed against the insurance premium tax, the oil and gas production and property taxes, the fisheries business and landing taxes, and the mining license tax.

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STATE INCENTIVES GUIDE

Buisness Facilities Contributed Content

25 MILLION DEAL-CLOSING FUND: Arizona has taken a progressive position by offering attraction funds to companies meeting performance measures that benefit both the company and the citizens of Arizona. The private sector participant finances 50 percent of the project cost and takes a first lien on assets pledged as collateral.

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