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? citations omitted] By its terms the bond insured the faithful performance of the contract. ” Paisner v. Renaud , 102 N.H.

article thumbnail

2020 Guide to Construction Cost Estimating

Job Order Contracting

liability insurance and allowance for small tools and consumables. Liability insurance based upon local contractor rates is also added as a percentage. In addition, highly specialized subcontract items may require travel and per-diem expenses for mechanics. Here’s how we have handled the main factors affecting costs.

professionals

Sign Up for our Newsletter

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

article thumbnail

#67:  Paying Your Subcontractor's Employees

NH Construction Law

Before subcontracting any significant portion of a long term job to someone who isn’t known to be financially solvent, the wise general will ask for proof that the sub can carry the strain of weekly payroll through a monthly requisition procedure, with retainage. How does a GC protect itself? § 5.5(a)(6).)

article thumbnail

Top OSHA Violations in Construction (2021)

Levelset

When it comes to construction, OSHA has two main groups of rules – called standards – that contractors must follow: Standard 1910 : Occupational Safety and Health Standards Standard 1926 : Safety and Health Regulations for Construction. The much bigger cause for financial concern is workers’ compensation insurance. Peter Lindborg.

OSHA 52
article thumbnail

Job Order Contract Execution Guide – Sample Template

Job Order Contracting

PLEASE NOTE: In occasions where the contractor is asked to provide materials, equipment, and/or subcontract pricing for work by direct bidding that may, or. Main Office Expense. Insurance, fringe. Subcontracts: Contractors may use the services of Subcontractors if noted in Contract. may not, be identified in the UPB.

Contract 100
article thumbnail

Danny Ellis never had a real job interview… until he met Greg Korte

The Korte Company

That year, his company won a bid with Touchstone Builders, subcontracting for The Korte Company to frame a main office for the luxury apartment complex. They talked about insurance programs and retirement planning. “I was going to work every day, I was making money, I was working with people I liked. It was a dead end,” he said.

article thumbnail

Seventh Circuit examines "pay-if-paid" provision

Construction Lawyer

« Seventh Circuit addresses duties of construction manager to injured worker; analysis of Local Rule 56.1 | Main. The court also extensively analyzed the issue of whether the subcontractor had a claim against the surety regardless of whether the principal is liabile for payment under the subcontract.