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Subcontractor Insurance: 7 Policies Subs Should Consider for Their Business

Levelset

“If something goes wrong, liability could hit the GC’s policy, which dilutes liability insurance limits, negatively impacts their claims history, and forces them to deal with a claim that’s not really their fault.”. General liability insurance. For example, assume you paint residential structures of all types.

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Construction Excluded From New OSHA Standard

Pro Builder

NAHB argued that residential construction should not be included under the standard because the nature of new-home building and remodeling makes them a much lower risk for virus transmission. During the first quarter of 2021, the value of real estate assets increased faster than real estate liabilities.

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Managing Rising Construction Costs: Insurance

Pro Builder

Builders and remodelers may be subjected to coinsurance penalties as a result of rising building material prices if they do not make changes to their policies. Managing Rising Construction Costs: Insurance. cbroderick. Thu, 06/17/2021 - 10:43.

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Checklist for Hiring a Builder or Remodeler

Green Home Design Architect

If you are building a new home or addition, or remodeling your home, use this checklist to help you select a builder to perform the work. Does the builder or remodeler have a permanent business location and a good reputation with local banks and suppliers? Will the builder/remodeler provide you with names of previous customers?

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What to Know About the “Contract” in General Contracting

Contractor Connection

Having a clear, comprehensive contract with your general contractor is one of the most important aspects of a successful home remodeling or renovation project. Find out what the proper amount of liability insurance is for your area, and be sure that any contractor you hire has that coverage. Scheduling.

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5 Signs Your Shopping Center Construction Contractor is Costing You Business

HardHatChat

Instead, landlords are focused on renovating shopping malls and remodeling office buildings to attract new tenants and entice existing tenants to renew their lease. Unfortunately, a landlord’s biggest liability in a commercial construction project can be an insensitive general contractor whose only concern is making his deadline and budget.

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What Is Retention in Construction | What Do You Mean by Retention Money in Construction | What Is the Purpose of Retention Money

CivilJungle

Retention Money in Construction provides safeguard to the employer from defects which can occur during the defects liability period in construction projects if the contractor does not respond accordingly to the contract terms. Contract retention provides assurance to an individual that the construction work will be complete d.