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#92:  Lost Profits and Waivers of Consequential Damages

NH Construction Law

But many commercial construction contracts provide for mutual waivers of consequential damages in the event of a breach. ” The Court concluded that the quoted language “can only be construed to exclude incidental or consequential damages, such as lost profits, resulting from the data breach. .” 3d 799, 808, 11 N.E.3d

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The Startup Construction Business Checklist: 3 Important Documents You Need to Have

Construction Marketing

This article outlines three important documents that you’ll need in order to start and run a profitable business. A construction business needs need public liability insurance , and employers’ liability insurance if you employ staff. Insurance is perhaps the most important thing to arrange before starting a construction company.

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Business Interruption Insurance in Construction: What Contractors Need to Know

Levelset

It can also be a lifesaver, as it will provide additional support to your business through the length of time it shuts down due to an event like a fire or theft. Additionally, it also can help protect against downtime caused by extreme weather events or other disruptive conditions.

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Construction quality management: Everything you need to know

Lets Build

It’s a curious paradox that few industries are as tightly regulated and controlled as the construction sector, yet at the same time, few industries are as vulnerable to unexpected events. From ambient weather to subcontractor failures, construction projects can be derailed in numerous ways. Creating a plan.

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Insurance for Electricians: What It Covers & Why You May Need It

Levelset

A series of small mishaps like these could put a dent in your profit margins from year to year. You pay pennies on the dollar for coverage that could range into the millions for general liability (GL) insurance, for example. General liability may help pay for the cost of repair. . Protecting your property.

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Hard Cost Estimating of Labor Worksheet

Construction Cost Estimating

In order to make exact estimate for your work as well as profitability, it is essential to determine your labor costs. Here, the total projected cost is then highlighted with a prearranged factor hence the selling price also includes your overhead and planned profit.

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#98:  Good Faith Limits on Termination for Convenience

NH Construction Law

In the event of such termination, the Contractor shall be entitled to receive payment for labor and materials furnished through the date of termination. Contractor shall not be entitled to receive payment for any lost profits. In Hate to Paint , lost profits after termination for convenience were specifically excluded.