Green Building Law Update

APRIL 4, 2021

That improved balance sheet for green buildings translates directly into green buildings having over 30% fewer commercial mortgage backed securities defaults. There is no underwriting justification for lenders charging the same interest rates on mortgages secured by green buildings. Today there is a nascent (.

Green 293

Green Debt Security Commercial 293

Levelset

SEPTEMBER 14, 2022

Let’s take a look a subcontractor insurance: when it’s needed, what happens if a sub goes uninsured, and what policies subs can use to protect their businesses from risk. Subcontractor business liability insurance should be retained since a catastrophic claim could bankrupt most all painting contractors.

Insurance 98

Insurance Liability Claims Injury 98

Autodesk Construction Cloud

FEBRUARY 25, 2022

For another, work delays from 2021 are likely to impact the risk of subcontractor default in 2022 and beyond. . The following standard financial ratios can help risk management teams evaluate potential trade partners during the subcontractor qualification process. Formula: Current Assets / Liabilities . Current Ratio .

Safety 94

Safety Debt Liability Equity 94

Levelset

SEPTEMBER 19, 2022

Third-party insurance , also known as liability or casualty insurance, protects insured individuals or businesses in situations where they may be liable for damages to another person or business — the third party. The roofer’s general liability insurance covers claims related to injuries related to the customer’s fall.

Insurance 52

Insurance Liability Compensation Claims 52

Construction Law

MAY 2, 2024

News Our regular news round up includes a survey saying collaboration is on the rise; Network Rail promises a partnering approach in its new framework; and a warning that carbon reduction policy risks legal challenge. Legal terms explained Isabella Salame of Herbert Smith Freehills LLP explains what is meant by non-delegable duties.

Construction 52

Construction Legal Cash Flow Insurance 52

Safety Services Company

JANUARY 5, 2024

As temperatures drop, the risks for contractors and construction workers multiply, from cold stress-related ailments to hazardous working conditions. Understanding and mitigating these risks is crucial for ensuring the safety and well-being of you and your team if you’re working in such environments.

Safety 86

Safety Accidents Construction Risk 86

Levelset

SEPTEMBER 12, 2022

” You may already have an insurance policy that offers coverage for business property and general liability. The floater can stand alone or be a limited part of a builder’s risk business policy. Subcontractors face risk from a variety of angles , and some of those exposures can be addressed through a GC’s policy.

Insurance 52

Insurance Liability Risk Materials 52

Construction Law

MARCH 1, 2024

Guest editor Managing change control following the Building Safety Act 2022 Guest Editors Roddy Cormack and Katie Percy of Dentons UK and Middle East LLP warn that the new change control regime introduced under the Building Safety Act could make allocating and managing contractual risk significantly more challenging.

Insurance 40

Insurance Claims Safety Legal 40

Job Order Contracting

AUGUST 31, 2021

Traditional contracting methods typically involve the non-owner participants tendering a lump-sum price based on the owner’s proposed allocation of responsibilities and risks. The post Collaborative Construction Solution – Public Sector appeared first on 4BT.

Construction 124

Construction Procurement Liability Contract 124

Federal Construction Contracting Blog

JANUARY 16, 2024

Following growing concerns within DoD that contractors were not consistently implementing the cybersecurity requirements of DFARS 252.204-2012, DoD responded with the creation of the CMMC Program in 2019 to move away from a “self-attestation” model of security. These affirmations are entered electronically in SPRS.

Certification 52

Certification Security Contract Defense 52

Construction Marketing

SEPTEMBER 24, 2015

A construction business needs need public liability insurance , and employers’ liability insurance if you employ staff. Although public liability insurance is not a legal requirement, it should be regarded as essential. Your business plan should also identify potential risks that could result in cash flow problems.

Documentation 120

Documentation Insurance Legal Liability 120

Construction Marketing

JUNE 20, 2022

If the construction company fails to keep the site safe, they could face liability. Incorrect stacking of materials puts them at risk of toppling over. . Negligence in securing equipment, particularly when it’s dangling from ladders, beams, or other surfaces. Ways To Minimize Risk For Falling Debris Injuries.

Site 156

Site Injury Construction Safety 156

Levelset

SEPTEMBER 6, 2022

In short, an additional insured is typically another business entity or person who can be added to your business policy, securing the same liability protection that you do. Among a number of other issues, insurance risk shifting is a concern for carriers. all of which operate differently.

Insurance 52

Insurance Liability Construction Contract 52

Levelset

AUGUST 26, 2022

At the core, you have property coverage for your tools and equipment, along with a liability component that protects your financial assets in case there’s a work-related accident or injury that you may have some responsibility for. . It’s prudent to look back and realize that potential liability doesn’t end when the project is completed.

Insurance 52

Insurance Liability Equipment Agreement 52

Levelset

SEPTEMBER 16, 2022

Additional coverage on your mobile business property can be obtained by amending your contractor’s insurance, or that protection could be secured through a standalone policy. A GC’s policy would extend general liability coverage to your subcontractor business. What is an equipment floater? The answer would almost definitely be “no.”.

Insurance 52

Insurance Equipment Contractors Risk 52

Levelset

SEPTEMBER 13, 2022

Contractor liability for property damage. The day-to-day work of a contractor is rife with risk. General liability insurance helps limit the financial impact of those risks. In most cases, general liability insurance is a requirement for contractors seeking licensing within a state or city. Let’s take a look.

Insurance 52

Insurance Claims Liability Accidents 52

NH Construction Law

AUGUST 31, 2023

’” Security Fence Co. 2001) (“By shifting the risk of loss to the insurance company regardless of which party is at fault, these clauses seek to avoid ‘the prospect of extended litigation which would interfere with construction.’”) Association , 101 N.H. 190, 192 (1957) (quotation omitted).

Insurance 40

Insurance Liability Claims AIA 40

Levelset

OCTOBER 14, 2022

When you tackle the jobs you’ve secured, it’s also important to plan for the unexpected. In this respect, general liability insurance or workers’ compensation could help cover those costs if an incident should occur. . Liability for damage. Each field of subcontracting work has its own area of focus in insurance matters.

Insurance 52

Insurance Liability Injury Compensation 52

Construction Marketing

JULY 11, 2022

As an alternative to surety bonds, some licensing agencies allow contractors to put up the entire bond amount as security. Surety bonds do not protect you against liability. The company will ask for some additional documents so that it can evaluate you and your business to determine your level of risk during an underwriting process.

Contractors 156

Contractors Legal Bidding Contract 156

Levelset

OCTOBER 20, 2022

You pay pennies on the dollar for coverage that could range into the millions for general liability (GL) insurance, for example. General liability insurance : A GL policy may help cover the cost of bodily injury or property damage that occurs on a jobsite. General liability may help pay for the cost of repair. .

Insurance 52

Insurance Liability Electrical Accidents 52

Contractor Connection

NOVEMBER 13, 2023

Temporary housing’s core purpose is to provide swift and secure shelter, helping policyholders regain a sense of normalcy while mitigating the additional financial burden they may face. Swift access to secure housing provides much-needed comfort and stability during times of crisis.

Housing 40

Housing Insurance Security Bidding 40

Job Order Contracting

JANUARY 23, 2019

The General Services Administration (GSA) maintains the Federal Government’s database of all real property under the custody or control of executive branch agencies, except for property excluded for reasons of national security. As a result, the impact of lack of proper funding and management at the GSA presents staggering liabilities.

Leases 100

Leases Infrastructure Statistics Management 100

Green Building Law Update

OCTOBER 13, 2019

And such creates potential liability for companies making ESG disclosures; if not also some silly results, including maybe the most ridiculed, when last year a major U.S. In the realm of securities disclosures it is often not enough to be correct. In the realm of securities disclosures it is often not enough to be correct.

DC 120

DC Sustainability Risk Liability 120

Levelset

JULY 25, 2022

Working capital measures the difference between a construction company’s current assets and current liabilities. Businesses whose assets (like cash, accounts receivable, inventory, or materials) exceed the value of their liabilities (like wages, debts, vendor payments, or overhead costs) have working capital to use to maintain or grow.

Debt 97

Debt Cash Flow Equity Finance 97

Levelset

AUGUST 16, 2022

However, larger projects come with greater risks and additional challenges. Large, multi-year projects are also more likely to face risks from potential economic changes, supply chain issues, and other unforeseen pressures that can threaten them. GCs can also purchase subcontractor default insurance to reduce this risk.

Risk 52

Risk Cash Flow Construction Banking 52

Levelset

SEPTEMBER 20, 2022

This contractor’s insurance solution is typically the most cost-effective means to secure coverage and give you peace of mind. Liability insurance will help cover expenses for damage to someone else’s property and/or legal costs if another party decides to file a lawsuit. What is HVAC contractor insurance?

Insurance 52

Insurance Contractors Liability Accidents 52

Levelset

OCTOBER 13, 2022

Aside from owners and GCs, a government entity may want to see proof of liability insurance. You may be seeking to work for a local, state, or federal government, and these bodies will want to know that you carry liability insurance before you’re awarded — or even considered — for a bid. When do I need to provide a COI?

Insurance 52

Insurance Certification Contractors Liability 52

Autodesk Construction Cloud

NOVEMBER 15, 2021

The difference between secured and unsecured debts. Karalynn also brought up the tendency of the industry to pass liability down the chain when drawing up contracts. Owners pass on certain risks (contractually) to general contractors, who may do the same thing when hiring specialty contractors. Let’s meet in the middle.

Contract 52

Contract Contractors Negotiation Subcontracting 52

Construction Specifier

JULY 30, 2021

Exterior mounted perforated metal screen walls, grille assemblies, solar shading, applied architectural fins, and other unitized architectural metal assemblies require secure, dynamic, and adjustable structural anchors that are a durable solution for long-term service.

Architecture 52

Architecture Fabrication Risk Materials 52

Construction Business Owner

APRIL 5, 2012

Green Construction & Construction Software » The Business of Construction Risk Management. With every project, no matter how big or small, there is always risk – risk of injury, financial responsibility, or quality assurance. If you stop to think about it, it’s clear that risk carries a dollar value.

Risk 120

Risk Insurance Construction Software 120

Construction Business Owner

FEBRUARY 23, 2012

So it’s no surprise that whenever I talk to companies about how they store their data, the number one concern I hear is in regards to security. According to Eric, most of his clients have “far humbler” security checkpoints than what a data center can offer. Today’s Cloud Security. General Management. Software & Technology.

Security 120

Security Construction Software Software 120

BD+C

OCTOBER 30, 2023

After they secured the land, we launched the project together into the coming storm of the Covid-19 pandemic. An initial observation from a contractor even deemed it 'unbuildable,' but we believe in facing challenges head-on and have been taught to turn liabilities into opportunities. The "unbuildable" hill.

Architecture 105

Architecture Design AIA Engineering 105

Construction Business Owner

MARCH 1, 2012

Turn Construction Data into Business Answers » Data Security in the Cloud. People I’ve talked to say it’s because they’re unsure of the security surrounding their business data. Security is whatever the local IT department decides is adequate. Your risk will decrease significantly. General Management. Industry News.

Construction 120

Construction Cash Flow Security Software 120

Construction Business Owner

DECEMBER 6, 2011

In running a business, there must always be a certain amount of risk that you’re willing to take. Risk is healthy; it keeps things fresh and gives you the opportunity to evolve. I took a risk in 2005 and dressed up as Superman for a marketing campaign. Or you could take a risk in offering a new product. Green Building.

Construction 195

Construction Software Software Accounting 195

Green Building Law Update

DECEMBER 3, 2017

And there is some form of privacy law in at least 48 states (but not Alabama and South Dakota), including by way of example the California’s groundbreaking 2003 Data Security Breach Reporting Law , but most of those are reactive, that is most laws in the U.S. business seeking to mitigate the risk associated with data protection.

Green 120

Green Risk Claims Drafting 120

Autodesk Construction Cloud

NOVEMBER 16, 2022

Egnyte is a hybrid (on-premises & cloud-based) content management solution that facilitates secure management and governance of critical content. Moreover, poor contract workflows make it difficult for legal teams to audit projects, which can introduce all sorts of risks and liabilities. . DocuSign .

Autodesk 105

Autodesk Construction Contract Documentation 105

GCP Applied Technologies

DECEMBER 11, 2018

Depending on the region, general contractors may face additional permitting, have to pay extra for onsite fire marshals and/or face obstacles with securing liability insurance when using hot applied waterproofing. Learn about SILCOR® liquid waterproofing. . Five ways to streamline waterproofing application.

Green 74

Green Liability Contractors Permits 74