Remove Insurance Remove Lien Remove Permits Remove Security
article thumbnail

What Contractors Need to Know About Surety Bonds

Construction Marketing

As an alternative to surety bonds, some licensing agencies allow contractors to put up the entire bond amount as security. 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?

article thumbnail

Construction Site Theft: Impact and Prevention

Levelset

Materials, insurances, permits, payroll, and other typical costs are relatively simple to account for. Luckily, there are insurance policies that will replace the cost of the stolen goods, such as builders risk insurance. Insurance claims. Impact of construction site theft. Eventually. How to prevent jobsite theft.

Site 52
professionals

Sign Up for our Newsletter

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

article thumbnail

New Maryland Real Estate Laws from the 2020 Legislative Session

Green Building Law Update

And arguably the new laws that were enacted were dwarfed, at least in the short and mid term by the impact on real estate of the federal Coronavirus Aid, Relief, and Economic Security Act , the Maryland Governor’s Executive Orders related to COVID-19 , and the COVID-19 Administrative Orders of the Maryland Court of Appeals.

Maryland 227
article thumbnail

4 Factors Underwriters Consider When Issuing a Construction Bond

Levelset

Here are some factors you should consider to increase your chances of success with a potential project and your ability to secure a construction bond. GCs can also purchase subcontractor default insurance to reduce this risk. Scope of work compared with past projects.

Risk 52
article thumbnail

constructionattorneyblog: California: No contractual jury waiver

Construction Lawyer

The California Constitution states: Trial by jury is an inviolate right and shall be secured to all, but in a civil cause three-fourths of the jury may render a verdict. ILLINOIS APPELLATE COURT DEEMS MECHANICS LIEN COUNTERCLAIM UNTIMELY. mechanics liens. TrackBack URL for this entry: [link]. Add me to your TypePad People list.

article thumbnail

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.

Income 108
article thumbnail

STATE INCENTIVES GUIDE

Buisness Facilities Contributed Content

The capital credit is used only after all other deductions, losses or credits permitted under Titles 40 and 41 of the Code of Alabama 1975. The business must obtain a direct-pay sales and use tax permit from the State of Arkansas. FOREIGN TRADE ZONES (FTZs): Secured areas legally outside of U.S.

Income 75