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The Associated Builders and Contractors (ABC) Annual Convention is back, and this year, its bigger than ever as ABC celebrates 75 years of advancing the construction industry! If youre attending ABCs Annual Convention, dont miss the chance to visit Booth #1307 and connect with us! Meet Us at Booth #1307!
ABC Contractor is billing a project owner for $100,000 with 10% retention. When ABC completes the project, they will invoice the customer for $10,000 in retention. Paul’s Masonry is a subcontractor working on a project with ABC Contractor as the general contractor. Paul’s Masonry invoices ABC $50,000 with 10% retention.
In many instances in Louisiana and other states, material suppliers must send notice to the owner, general contractor and the party who hired them in order to preserve some type of lien or bond claim right if not timely paid. The exact language of La R.S.
In addition, SubGuard does not provide protection against mechanics liens from unpaid second-tier subs and suppliers. Let’s take a look at an example of how SDI might provide coverage on a project: ABC Builders is the general contractor building a large office complex and they have an SDI policy covering all their projects.
The Associated Builders and Contractors (ABC) estimates the construction sector would need to bring in nearly 650,000 additional workers in 2022 to meet labor demands. As Anirban Basu, ABC Chief Economist said in a statement, “The workforce shortage is the most acute challenge facing the construction industry despite sluggish spending growth.
In many instances in Louisiana and other states, material suppliers must send notice to the owner, general contractor and the party who hired them in order to preserve some type of lien or bond claim right if not timely paid. The exact language of La R.S.
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