article thumbnail

San Francisco Eyes PG&E Grid as Utility Preps for Fire Season

ENR Construction

San Francisco on June 4 hired a financial advisor as it considers buying distribution assets from the beleaguered utility Pacific Gas & Electric, which filed for voluntary bankruptcy protection in January as it faced more than $30 billion in liabilities stemming from 2017 and 2018 wildfires that burned many thousands of acres and destroyed thousands (..)

article thumbnail

Completed Operations: A Contractor’s Guide to Coverage, Cost, & More

Levelset

It is sold as an extension to your general liability insurance policy and may be required by the state you work in or the project owner. Completed operations coverage is bundled with a contractor’s general liability policy. Completed operations covers liability from work that is already completed (i.e., not in progress).

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 Estimating

Chianelli Estimating

Many times those costs are not recovered, however; they could make the difference in keeping the Builder or Owner solvent or ending up with a failed project or worse yet bankruptcy. They do not have the burden of carrying costs like workmen’s compensation, general liability insurance, unemployment related costs, vacations or sick days, etc.

article thumbnail

The First Green Building Litigation. The Rest of the Story.

Green Building Law Update

promissory note in favor of the contractor, does not tell the rest of the story, nor does the fact Shaw Development later filed for Chapter 11 bankruptcy protection in response to a foreclosure action by the project’s lender. tax credit certificate.

Green 120
article thumbnail

The First Green Building Litigation. The Rest of the Story.

Green Building Law Update

promissory note in favor of the contractor, does not tell the rest of the story, nor does the fact Shaw Development later filed for Chapter 11 bankruptcy protection in response to a foreclosure action by the project’s lender. tax credit certificate.

Green 120
article thumbnail

Estimating- The New Normal

Chianelli Estimating

One error may be the difference in bankruptcy or staying afloat. Insurances; Workers compensation, General Liability, Risk. Less opportunities. Too many contractors vying for the same job . More competition will force unrealistic costs. Low costs leave zero room for error. Increased time to complete projects. Office personnel.

article thumbnail

Seventh Circuit examines "pay-if-paid" provision

Construction Lawyer

Sabo & Zahn LLC is an Illinois Limited Liability Company. Fidelity had issued a payment bond, but Fidelity refused to pay after the owner declared bankruptcy, and BMD sued Fidelity. The court held that it did not -- that the surety's liability is no greater than that of its principal. Copyright Notice. Disclaimer.