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Subcontractor Insurance: 7 Policies Subs Should Consider for Their Business

Levelset

Medical expenses, property damage, and legal defense costs can grow quickly. An uninsured business would likely not have the financial resources to pay a large legal settlement. The bottom line is: Subcontracting work will be very difficult to secure if you carry no insurance or policies with inadequate coverages. .

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Digital Builder Podcast Ep 22: How Specialty Contractors Can Navigate Contracts & Get Paid On Time

Autodesk Construction Cloud

The difference between secured and unsecured debts. She recalls her experience speaking with a fellow attorney who had to go through a 129-page subcontract that could have been cut down to ten pages. “It’s ” To ensure that you get paid, you need to understand the difference between unsecured and secured credit.

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IDIQ Construction Contract Guide

Job Order Contracting

No ability to subcontract—limited to trade specified in the contract. Streamlines post-bidding award, security clearances, etc. Changes orders, legal disputes, and cost/time overruns are virtually elimated. Maximizes opportunity for M/DBE subcontracting. . Maximizes opportunity for M/DBE subcontracting.

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How to Get Paid on Washington State Public Projects

Levelset

Due to this, general contractors on public construction projects have to secure a payment bond prior to the start of work. However, contractors have to follow certain steps in order to keep their payment rights secure on public works projects. Download a Washington State Notice to Contractor form.

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A Plumbing Contractor’s Guide to Insurance Coverage

Levelset

When you tackle the jobs you’ve secured, it’s also important to plan for the unexpected. Each field of subcontracting work has its own area of focus in insurance matters. Plumbing insurance may also help you secure work with general contractors who will likely require coverage per terms of a contract. Liability for damage.

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From Zero to Hero: Construction Risk Management

Safety Services Company

From financial difficulties to fatal accidents, construction risk management is integral in order to secure a company’s survival and eventual growth. Legal Risks. These legal binding documents detail how long the project would last and how much contractors would be paid. Most construction projects begin with signing a contract.

Risk 62
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From Zero to Hero: Construction Risk Management

Safety Services Company

From financial difficulties to fatal accidents, risk management is integral in order to secure a company’s survival and eventual growth. . Legal Risks. These legal binding documents detail how long the project would last and how much contractors would be paid. Ever-present risks can delay or completely derail investments.

Risk 62