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#116:  Termination as a Condition of Performance Bond Liability

NH Construction Law

Conversely, not terminating also forgoes the protection of the bond – if termination is an enforceable condition of the surety’s liability. Wrongful termination will not only be a breach of contract giving the principal a claim for damages against the obligee, but it will forfeit the protection of the bond. In Arch Insurance Co.

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What Certifications Does A Crane Need To Operate On Construction Sites?

Construction Marketing

Crane certifications are crucial for construction site operations due to their critical role and potential risks. A solid commitment to safety can help reduce legal liabilities resulting from accidents or non-compliance with safety regulations. They demonstrate the crane operators’ proper training, knowledge, and machine operation.

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Subcontractor Insurance: 7 Policies Subs Should Consider for Their Business

Levelset

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.

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Construction Excluded From New OSHA Standard

Pro Builder

NAHB argued that residential construction should not be included under the standard because the nature of new-home building and remodeling makes them a much lower risk for virus transmission. During the first quarter of 2021, the value of real estate assets increased faster than real estate liabilities. For more, visit nahb.org. .

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What Is an Installation Floater?

Levelset

” 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.

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Digital Builder Podcast Ep 22: How Specialty Contractors Can Navigate Contracts & Get Paid On Time

Autodesk Construction Cloud

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. The shifting of risk and liabilities is a very common practice when drafting contracts.

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#95:  Are Miller Act Claims Arbitrable?

NH Construction Law

An arbitration agreement is the quintessential “waiver of the right to bring a civil action,” and when contained in a signed subcontract it will necessarily be executed before labor or materials are furnished. The surety, Federal Insurance Company, acknowledged “that its liability is coextensive with Consigli’s.

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