Agreement Inspections Lien 
Levelset
APRIL 15, 2022
Digging deeper into company processes for payment, change orders, lien waivers, and more will give you a sense of what to expect while working with them. . Before you begin to work on a project, MBC will require you to provide the following documentation: Executed subcontractor agreement Certificates of insurance Submittals W-9.
Levelset
OCTOBER 19, 2022
They are careful to ensure that every contractor payment is justified by the percentage of work they have performed , as confirmed by the construction progress inspection. This highlights how crucial draw inspections are for keeping balance sheets up to date throughout the project. Cost-plus agreements raise the chance of default.
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Levelset
APRIL 15, 2022
An assignment of benefits , or AOB, is an agreement to transfer insurance claim rights to a third party. A property owner and contractor can set up an assignment of benefits in two steps: The owner and the contractor sign an AOB agreement The contractor sends the AOB to the insurance company. The AOB agreements need to be in writing.
NH Construction Law
FEBRUARY 25, 2023
A common feature of residential construction loans is the requirement for periodic inspections of the progress of work, usually by an independent inspection company hired by the bank, before disbursements are made. New Hampshire Savings Bank , 131 N.H. ” And such a voluntary undertaking is exceedingly rare.
Levelset
APRIL 8, 2022
Insuring agreement. Regardless of the policy, the Insuring Agreement is the section that will outline all the insurance company’s responsibilities after a weather event or other covered peril causes damage to a roof or exterior siding, as examples. The Insuring Agreement will give you a detailed list of covered perils.
Levelset
APRIL 8, 2022
Insuring agreement. Regardless of the policy, the Insuring Agreement is the section that will outline all the insurance company’s responsibilities after a weather event or other covered peril causes damage to a roof or exterior siding, as examples. The Insuring Agreement will give you a detailed list of covered perils.
Levelset
FEBRUARY 10, 2022
Deep dive – Scope of Work: 6 Things Every Construction Agreement Should Include. Permit and inspections. The time for performing inspections and pulling necessary permits is the preconstruction phase. However, mechanics lien laws typically only kick in once the property has been “improved.” Learn more.
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