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#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? Thus the liability of the company as surety is coextensive with that of the principal.” United States ex rel. 27, 29 (1959).

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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.

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#125:  Pay-if-Paid Clauses and Contractor Default

NH Construction Law

The main purpose of such clauses is to shift the risk of owner nonpayment, whether due to owner insolvency or owner breach, from the contractor to the subcontractors. JBC Merger Sub LLC v. Tricon Enterprises, Inc. , 145, 286 A.3d 3d 1186 (2022), didn’t think so. ” 286 A.3d 3d at 1201. New Hampshire employs the same general rule.)

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Construction Financial Reporting – Why It’s Important and How To Do It

cnstrctr

In order to determine who your report will be distributed to you need to first determine who your audience will be, there are two main audiences for reporting: Internal Reporting – is important for two reasons. This will typically cover your from both a liability and due diligence standpoint.

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Seventh Circuit examines "pay-if-paid" provision

Construction Lawyer

Sabo & Zahn LLC is an Illinois Limited Liability Company. « Seventh Circuit addresses duties of construction manager to injured worker; analysis of Local Rule 56.1 | Main. Goodman has also worked on appeals and appeared before appellate courts. Copyright Notice. Copyright 2005-2012 Sabo & Zahn, all rights reserved. Disclaimer.

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Federal Court dismisses sub's claim against GC because of arbitration

Construction Lawyer

Sabo & Zahn LLC is an Illinois Limited Liability Company. « Louisiana does not give res judicata effect to an unconfirmed arbitration award | Main. | April 2, 2012), dismissed an action by a subcontractor against the general because there was an agreement to arbitrate in the subcontract. Copyright Notice. Disclaimer.

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Construction Contract's arbitration provision is separable, based on

Construction Lawyer

Sabo & Zahn LLC is an Illinois Limited Liability Company. « Florida court holds that statute of limitations does not apply to certain arbitrations | Main. of the subcontract contained a "pay-if-paid" provision which violated New York lien law, and that therefore the entire Disputes article was unenforceable.