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What Contractors Need to Know About Surety Bonds

Construction Marketing

Surety bonds are financial guarantees that are issued to ensure the individual or company who obtains the bond will perform work in a legally compliant manner and will avoid fraud and misconduct. Surety – The bonding company that guarantees the principal’s ethical operations and legal compliance by issuing the bond.

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Phases of Commercial Real Estate Development

Construction Marketing

This can be done through a purchase or lease agreement. This phase includes determining the project’s scope, selecting materials, and determining the necessary permits and approvals. The developer will also need to obtain the necessary permits and approvals from local, state, and federal agencies.

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How to Avoid Disputes in Construction

Construction Marketing

What follows next is a fierce legal battle that puts both the contractor and the investor on the losing end. Having a gentleman’s agreement is the worst mistake you could ever make. The advantage of having a binding agreement is that it can be referred to during construction dispute resolution process. Put It in Writing.

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Regulatory – Job Order Contacting Statutes and Guidelines

Job Order Contracting

Any information provided it NOT intended as any form of legal guidance. AB 1431 – Permits Job Order Contracting for K-12 Districts. Authorizes job order contract to all K-12 school districts, that have entered into project labor agreements, for public works over $25,000. California. AB-14 Public contracts: job order contracting.

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Hiring a Contractor - Julian Construction Blog

Julian Construction

Julian Construction Blog. A contractor manages the entire project from start to finish, including architectural planning, securing any required building permits, as well as providing all of the materials, equipment and labor that will be needed. Make sure you get clarification on any terms in the agreement that you are unfamiliar with.

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#125:  Pay-if-Paid Clauses and Contractor Default

NH Construction Law

A couple of years ago I blogged ( #101 ) on “pay-if-paid” clauses, which make a general contractor’s receipt of payment from the owner a prerequisite – a “condition precedent,” in legal terms – to its obligation to pay subcontractors.

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Path Cleared To Decommissioning And Site Restoration Of Vermont Yankee

Buisness Facilities Contributed Content

Peter Shumlin, Attorney General Bill Sorrell, and Bill Mohl, President of Entergy Wholesale Commodities, have announced a settlement agreement between the State and the owner and operator of the Vermont Yankee Nuclear Power Station, Entergy Nuclear Vermont Yankee, LLC and Entergy Nuclear Operations, Inc. Entergy VY).

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