article thumbnail

What Contractors Need to Know About Surety Bonds

Construction Marketing

Depending on the licensing and permitting requirements of the licensing body, you might need bonds for each state or city in which you perform work. Are Surety Bonds Insurance? While many contractors confuse surety bonds and insurance, they are different. Surety bonds do not protect you against liability.

article thumbnail

JOC Tutorial #71 – Terms

Job Order Contracting

f) “Job order contractor” – a licensed, bonded, and general liability insured contractor awarded a job order contract. (g) The proposal may also contain approved drawings, work schedule, permits, or other documentation as the organization may require for a specific job order.

professionals

Sign Up for our Newsletter

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

article thumbnail

What to Know About the “Contract” in General Contracting

Contractor Connection

While the contractor’s proof of insurance documents may not be attached to the contract itself, you can request that his or her insurance details are stated in the contract. Find out what the proper amount of liability insurance is for your area, and be sure that any contractor you hire has that coverage.

article thumbnail

15 Tips For Starting Your Own Roof and Guttering Business

Construction Marketing

Insurance, liability, and workers’ compensation . Other costs: Insurance, taxes, advertising, vehicle maintenance, dumpster fees, and petrol. Limited liability company (LLC) . 12) Licenses and permits. Protect your business by securing permits and licenses. 13) Business insurance. Labor costs.

Insurance 296
article thumbnail

constructionattorneyblog: Limitation of Liability in new AIA Document

Construction Lawyer

Sabo & Zahn LLC is an Illinois Limited Liability Company. Limitation of Liability in new AIA Document. However, one of the more interesting provisions in this document that does not show up in the other new 2007 owner-architect agreements is a limitation of liability provision. Copyright Notice. Disclaimer. Here it is: § 8.1.3

article thumbnail

Indemnification Clause in Construction Contract was Expensive for Contractor

Construction Lawyer

To the greatest extent permitted by law, [SJ] shall indemnify, defend, save and hold the Owner [281 Broadway]. Further, it is by no means certain that there will be insurance coverage for the architect or contractor who enters into such an agreement. contracts insurance litigation' the General Contractor [Pavarini].

article thumbnail

Job Order Contracting Glossary

Building Information Management

“Job order contractor” – A licensed, bonded, and general liability insured contractor awarded a job order contract. The proposal may also contain approved drawings, work schedule, permits, or other documentation as the school district may require for a specific job order.