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Subcontractor Default Insurance: Pros & Cons for General Contractors

Levelset

Subcontractor default insurance is one alternative to a surety bond that works to protect a contractor from the financial burden when one of their subcontractors defaults. Related: 16 types of insurance coverage for contractors. What is subcontractor default insurance? How SubGuard insurance works.

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NY Appellate Court Reaffirms Pay-When-Paid Provisions Are Void as Against Public Policy

Constructlaw

ASD solicited proposals for the supply and installation of partitions in the space (the Work) and ultimately directed Sweet to hire Arenson Office Furnishings, Inc. Arenson subsequently entered into a subcontract with Sweet to complete the Work (the Subcontract). ASD was not a party to the Subcontract.

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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.

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Sage Intacct Construction Brings Financial Management to the Cloud

Construction Junkie

Your company’s construction financials no longer need to reside on servers, making it easier to use outside of the office and creating a much better environment for integrations with other software. Reports within the dashboard have many different configurations to meet your needs.

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Home Builders and Developers Beware: SC Supreme Court Beats Up Hybrid Arbitration Clauses Mercilessly

Best Practices Construction Law

Today’s guest post is by one of my favorite construction lawyers and friends, Burr partner Ned Nicholson in our Columbia, SC office. Ned regularly represents clients in construction defect and compensation claims, manufacturer/dealer disputes, and insurance coverage lawsuits. He is also a South Carolina certified mediator. Reynolds v.

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Mayer Building Company for Subcontractors: Payment Guide & Resources

Levelset

Mayer, the Mayer Building Company lists a number of past projects on its website, including: Alon Medical Technology office renovations Old US Mint and Jazz Museum preventative maintenance Cara Stone Law Firm addition and renovations French Truck Coffee cafe construction Strayer University campus build-out. Read a sample subcontract.

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Top OSHA Violations in Construction (2021)

Levelset

The much bigger cause for financial concern is workers’ compensation insurance. Workers’ compensation insurance. Because construction is a dangerous industry, workers’ compensation insurance is expensive even without an OSHA violation on your record. Compliance cost. Contract breach es. Legal fees.

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