article thumbnail

What Is an Installation Floater?

Levelset

” You may already have an insurance policy that offers coverage for business property and general liability. Frequently, the terms of a construction contract require that a sub be named as an additional insured on the contractor’s general liability policy. But, therein lies the rub. .

article thumbnail

#114:  No Damages for Delay -- Maybe, Maybe Not

NH Construction Law

Still, contracts excusing a party from liability for the harm he causes have never been favorites of the courts, which often show a willingness to entertain exceptions to the enforceability of such clauses. Because freedom of contract is an overarching principle in the law, courts generally enforce no-damages-for-delay clauses. Simmons Co.,

professionals

Sign Up for our Newsletter

This site is protected by reCAPTCHA and the Google Privacy Policy and Terms of Service apply.

article thumbnail

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

cnstrctr

Keeping an owner, and your own company informed of the financial status of a project is just as important as quality and schedule. This will typically cover your from both a liability and due diligence standpoint. Schedule – Provide a schedule. Don’t know how to prepare a schedule sorted by WBS?

article thumbnail

5 Signs Your Shopping Center Construction Contractor is Costing You Business

HardHatChat

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. What’s wrong with a general contractor focused on commercial construction costs and his construction schedule?

article thumbnail

Winning More Construction Bids: A Complete Guide

Autodesk Construction Cloud

Subcontracting. This process is known as subcontracting. Timeline and schedules. Integrated Project Delivery (IPD) emphasizes teamwork and shared liability. These packages include the scope of work and aim to give bidders the info they need to create accurate proposals. . Proposed budget. Scope of work.

Bidding 52
article thumbnail

Construction Jobsite Safety: Strategies and Resources for Worker Well-Being

Pro Builder

Consider these elements of a training and awareness program to save lives, mitigate injuries, and reduce liability and costs . Simply, liability for injuries and fatalities extends to the builder under OSHA’s Multi-Employer Citation Policy, notes Edwin G. Jobsite safety is critical for workers and for your home building company.

Safety 72
article thumbnail

Rory Woolsey's Construction Estimating Blog: Mark It Up!

Rory Woolsey

Just the bare labor component includes adders such as fringe benefits, unemployment insurances (federal and state), social security taxes, public liability costs, and builders risk insurance. With general contractors subcontracting the bulk of their projects this is a reasonable place to start the marking up.