article thumbnail

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.

article thumbnail

#96:  Payment Bond Sureties and "Pay-if-Paid" Subcontracts

NH Construction Law

If the principal is a general contractor with a “pay-if-paid” clause in its subcontracts, must a subcontractor wait for the general contractor to be paid before it can collect on a payment bond? It is often said that a payment bond surety may assert all of the contractual defenses to payment enjoyed by its principal. 267 F.Supp.3d

professionals

Sign Up for our Newsletter

This site is protected by reCAPTCHA and the Google Privacy Policy and Terms of Service apply.

article thumbnail

The Five Basics of Fundamentally Sound Construction Operations

Cassell Construction Estimating

Estimate labor & equipment hours required for each major task e. Obtain signed Subcontract quotes for the ENTIRE scope of sub tasks 2. Take off material in reasonable detail; don’t get bogged down in minutiae d. Focus on managing your biggest risk- LABOR i. Conversion to Accounting (Successful Projects only) a.

article thumbnail

Controlling Construction Costs, Rocket Science, and Time Travel

Job Order Contracting

Validate Contractor and Subcontractor Quotes Obtaining comparative bids on all subcontracted work will not provide sufficient cost visibility. EVERY project can broken done into discrete elements called line item construction tasks. Both IPD and JOC have been proven for decades and are well evolved.

Travel 177
article thumbnail

Tax spotlight turning on CIS materials claims by subbies

Construction Enquirer

” A common error is subcontractors claiming for the provision of plant or equipment they already own. “If that subcontracting business has incurred third party hire costs, the contractor should seek evidence to support this position. ”

Claims 100
article thumbnail

What Certifications Does A Crane Need To Operate On Construction Sites?

Construction Marketing

Promoting safety in construction sites involves ensuring operators understand standard procedures, equipment inspections, load calculations, and hazard identification. Training involves teaching crane operations, safety protocols, equipment handling, load calculations, rigging techniques, and job site management.

article thumbnail

What FAR Council Updates to Small Business Contracting Requirements Mean for Large and Small Business Contractors

Federal Construction Contracting Blog

For example, one of the rules makes noteworthy changes to the FAR’s Limitations on Subcontracting, resulting in a more friendly regulatory landscape for small business prime contractors. Limitations on Subcontracting – Helpful Changes for Small Business Prime Contractors.