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Understanding Design Defect Legal Liability

Construction Business Owner

As construction and design firms are using BIM software and other resources to improve construction efficiency, that integration is only going to increase. Owners, contractors and designers must understand their potential liability for design issues on a project before the project starts.

Liability 207
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Safety First, Bidding Next: How Safety & Compliance Wins Contracts

Safety Services Company

If both have all the resources needed to complete a job, why does Bob continue to stand out? With growing scrutiny on job site dangers and liability concerns, prioritizing safety is crucial in sustaining a competitive edge. Here’s where things change. The difference lies in how each prioritizes safety and compliance.

Safety 115
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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.”. An uninsured business would likely not have the financial resources to pay a large legal settlement.

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The Impact of ASC 842 – The New Lease Standard Is Here

Construction Business Owner

Going forward there will be a long-term asset offset by a current liability and a long-term liability. Contact the CPAs Who Know Construction when looking for skilled resources to help your company. This requirement is FASB aiming for better transparency into the financial positions of companies. Visit www.cicpac.com. .

Leases 177
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Procore blog: Ideas, humor and resources

Construction Marketing Ideas

A limited liability company, to which all parties are members, will have to meet licensing requirements in its own name. This “no dispute” factor means that professional liability policie s are useless , according to Jeff Slivka, Executive Vice President and COO of New Day Underwriting Managers in Hamilton, N.J.

ProCore 48
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PFOA Contamination is Found in 49 States

Green Building Law Update

Adverse health impacts from PFOA are being policed by the marketplace and enforced by the rule of law through these common law state tort liability suits. Troubling to some is that green building programs, including LEED’s Materials & Resources credits do not track or even take into account PFOA. Some suggest the U.S.

Liability 120
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The role of Site Engineer & Project Engineer in a construction project

Construction Cost Estimating

Both play important role for major projects with equally significant liabilities. Comparing Site Engineers to Project Engineers: Both the site engineers and project engineers take diverse liabilities for accomplishment for different types of construction projects. Project engineers supervise the general operation of the project.