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Before subcontracting any significant portion of a long term job to someone who isn’t known to be financially solvent, the wise general will ask for proof that the sub can carry the strain of weekly payroll through a monthly requisition procedure, with retainage. How does a GC protect itself? § 5.5(a)(6).)
Many construction contracts and subcontracts provide for arbitration of disputes. Sphere Drake Insurance, PLC , 202 F.3d Sphere Drake Insurance, PLC , 202 F.3d To be enforceable, contracts require “consideration,” a bargained-for exchange of value or promises of value on both sides. See DiMercurio v.
The harsh reality virtual bookkeeper traps I have shared with you come from reviewing hundreds of offers from virtual "Virtual Bookkeepers" to subcontract from us. Neither one require office space, supplies, insurance, benefits or employment taxes which is a huge savings for the contractor. After a while they get a P.O.
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