Levelset
SEPTEMBER 14, 2022
“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.”. General liability insurance. For example, assume you paint residential structures of all types.
Constructlaw
JULY 14, 2022
(Sweet) to renovate a commercial space in Manhattan’s Diamond District (the Project). Arenson subsequently entered into a subcontract with Sweet to complete the Work (the Subcontract). The Subcontract contained two signature lines, one for “Sweet Construction Approval” and one for “Arenson Office Furnishings Approval.”
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Pro Builder
JULY 6, 2021
During the first quarter of 2021, the value of real estate assets increased faster than real estate liabilities. On the liabilities side of the real estate balance sheet, home mortgages rose by $120 billion during the first three months of 2021 to $11.04 bolstered by nationwide home price appreciation—rose to $33.78 Regulations.
Construction Cost Estimating
OCTOBER 10, 2018
Quantity Surveyor: The prime intention of the quantity surveyor is to measure the amount of materials required for building work as well as estimate the cost of the materials.
Levelset
SEPTEMBER 12, 2022
” You may already have an insurance policy that offers coverage for business property and general liability. An installation floater is a form of insurance coverage that protects the value of building materials that will become a permanent part of a commercial or residential structure. What is an installation floater?
Levelset
OCTOBER 14, 2022
In this respect, general liability insurance or workers’ compensation could help cover those costs if an incident should occur. . Each field of subcontracting work has its own area of focus in insurance matters. Liability for damage. Read More: First-Party vs. Third-Party Insurance: What’s the Difference?
NH Construction Law
MARCH 28, 2024
The statutory scheme is designed to ensure that subs and suppliers are paid before general contractors by treating amounts due to the GC as a trust fund for the benefit of unpaid subs and suppliers ( see Blog #121 ), and protecting owners from liability to GCs when owners honor that trust.
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