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Controlling Construction Costs, Rocket Science, and Time Travel

Job Order Contracting

Controlling construction costs is not rocket science, nor does it involve time travel. Validate Contractor and Subcontractor Quotes Obtaining comparative bids on all subcontracted work will not provide sufficient cost visibility. The post Controlling Construction Costs, Rocket Science, and Time Travel appeared first on 4BT.

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California Appeals Court Provides Guidance on ‘Pay-When-Paid’ Provisions in Construction Subcontracts

Constructlaw

Travelers Casualty & Surety Company of America,1 effectively narrowing the scope of enforceable “pay-when-paid” provisions in construction subcontracts to the extent the subcontractor seeks recovery against a general contractor’s payment bond surety. Gropman Cindy J.

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No Free Warranty: Connecticut Court Adopts Correction or Repair Test

Constructlaw

Travelers Cas. & Travelers Casualty & Surety Company of America (Travelers) issued the payment bond for the project. ALS’s subcontract permitted the DOT to hold back 60% of its payments to assure ALS would warranty the work, which ALS did with site checks performed between June 2019 and May 2020.

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2020 Guide to Construction Cost Estimating

Job Order Contracting

In addition, highly specialized subcontract items may require travel and per-diem expenses for mechanics. Finally, a percentage of labor is added for small tools and consumables based upon the labor category. The base rate does not include overhead and profit, however, can be added if needed.

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

NH Construction Law

Travelers Casualty & Surety Co. 2d 781 (1954) (“The provision of the subcontract giving defendant the right to direct the sequence or general progress of work does not release it from liability for delay. Dennis Stubbs Plumbing, Inc. of America , 67 Fed. 789, 792 (4th Cir. Brown Company, Inc. Simmons Co., ”).

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What Is an Installation Floater?

Levelset

This broader category of commercial insurance is designed to cover things like building materials, tools, or equipment, regardless of where these items travel. . Business category : Some subcontracting businesses are more prone to losses than others. Installation floaters fall under the umbrella of inland marine insurance.

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A Plumbing Contractor’s Guide to Insurance Coverage

Levelset

Each field of subcontracting work has its own area of focus in insurance matters. Equipment floater insurance : With equipment floater insurance , your specialized tools and equipment will be covered regardless of where you travel on business.