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Value of subcontracts awarded on HS2 hits £7.9bn

Construction Enquirer

HS2 has revealed that tier two subcontracts totalling £7.9bn have been awarded to over 2,000 UK-based companies since the project started. Latest figures show SMEs securing £3.6bn worth of orders – a 45% share of work on the route. ” Scaffolding specialist Altrad RMD Kwikform is among the firms to have picked-up work.

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Subcontractor Insurance: 7 Policies Subs Should Consider for Their Business

Levelset

Finally, the GC’s policy won’t provide any coverage for tools, equipment or vehicles. The bottom line is: Subcontracting work will be very difficult to secure if you carry no insurance or policies with inadequate coverages. . Tool or equipment floaters. What happens when a subcontractor is uninsured?

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What Is an Installation Floater?

Levelset

This broader category of commercial insurance is designed to cover things like building materials, tools, or equipment, regardless of where these items travel. . Physical business assets such as tools and equipment are not protected under the GC’s policy. Installation floaters fall under the umbrella of inland marine insurance.

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A Plumbing Contractor’s Guide to Insurance Coverage

Levelset

When you tackle the jobs you’ve secured, it’s also important to plan for the unexpected. Each field of subcontracting work has its own area of focus in insurance matters. Plumbing insurance may also help you secure work with general contractors who will likely require coverage per terms of a contract.

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Job Order Contract Execution Guide – Sample Template

Job Order Contracting

project task/line item, a full description in plain English, a unit of measure and a corresponding unit price, including labor, material, and equipment details, and an associated approved contractor coefficient are to be the basis for Contractor compensation. Personal Protective Equipment. The JO will be, in part, the. Small Tools.

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Construction Business Owner Blogs

Construction Business Owner

EQUIPMENT |. Equipment Management. Equipment and Services Directory. Once you pull up a job screen, you’ll instantly see all of the links related to that particular screen, such as vendors, subcontracts, and cost projections. MARKETING |. INSURANCE |. General Management. Software & Technology. Accounting & Finance.

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How to Get Paid on Washington State Public Projects

Levelset

Due to this, general contractors on public construction projects have to secure a payment bond prior to the start of work. However, contractors have to follow certain steps in order to keep their payment rights secure on public works projects. Download a Washington State Notice to Contractor form.