Contractor Bookkeeping

MAY 10, 2024

You must also ensure that your paperwork, documents, and contracts are in order. Keeping all your working documents in order shows that you treat your business, customers, and subcontractors responsibly. This is a mark of professionalism and can also help if you have an insurance or legal claim.

Documentation 117

Documentation Insurance Legal Claims 117

Autodesk Construction Cloud

JUNE 3, 2022

Construction documents help keep your projects organized and guide the construction process from start to finish. Having access to these construction documents puts information into the hands of the right people at the right time, so decisions can be made quickly and action can be taken to finish projects on time and within scope. .

Documentation 98

Documentation Construction Schedule Permits 98

Levelset

SEPTEMBER 23, 2022

Luckily, that’s what insurance is for, right? Does a general contractor’s insurance cover their subcontractors’ accidents or mistakes? While there isn’t a cut-and-dry answer to these questions, we’ll take a deeper look into insurance coverage and what happens in these situations. Who is covered by an insurance policy?

Insurance 52

Insurance Liability Accidents Risk 52

Levelset

JUNE 3, 2022

Project loss insurance has the potential to save contractors from devastating project losses, no matter the cause. Project loss insurance, or PLI, is designed to mitigate catastrophic construction project losses. Project loss insurance coverage. How project loss insurance works. How much does project loss insurance cost?

Insurance 52

Insurance Cash Flow Claims Contractors 52

Levelset

APRIL 8, 2022

On projects like this, property owners typically count on an insurance claim to pay for the work – they may not have cash on hand to pay you out of pocket. Understanding a homeowner’s insurance policy – and what it covers – can be helpful when deciding to take on a project. Understanding homeowner insurance policies.

Insurance 52

Insurance Claims Agreement Lien 52

Levelset

OCTOBER 13, 2022

To help your business remain viable, contractor’s insurance should be a crucial part of your financial strategy. Insurance also puts other parties’ minds at ease when they want to hire you as a specialty contractor. A certificate of insurance (COI) is a valid form used to prove that you carry the appropriate insurance policy.

Insurance 52

Insurance Certification Contractors Liability 52

Construction Marketing

SEPTEMBER 24, 2015

This article outlines three important documents that you’ll need in order to start and run a profitable business. Insurance is perhaps the most important thing to arrange before starting a construction company. There are many different types of insurance in the United Kingdom. Legal Documents. Business Plan.

Documentation 120

Documentation Insurance Legal Liability 120

Levelset

APRIL 8, 2022

On projects like this, property owners typically count on an insurance claim to pay for the work – they may not have cash on hand to pay you out of pocket. Understanding a homeowner’s insurance policy – and what it covers – can be helpful when deciding to take on a project. Understanding homeowner insurance policies.

Insurance 52

Insurance Claims Agreement Lien 52

Construction Junkie

JULY 27, 2020

Having all relevant documents available at your fingertips is invaluable to running and properly documenting a project. Well, now at least one insurance company believes that, as well. For years, I’ve been saying that using a cloud-based project management software should be a no-brainer for any construction company.

ProCore 83

ProCore Travel Insurance North Carolina 83

Levelset

OCTOBER 20, 2022

Scenarios like these stress the need for an electrician to have insurance coverage in place. Thus, a strong insurance plan helps you rest easier both on and off the job. Why can an electrical contractor use insurance? Insurance policies can help your business cover the costs of both minor and major incidents.

Insurance 52

Insurance Liability Electrical Accidents 52

BD+C

OCTOBER 7, 2024

This comprehensive evaluation included the removal and documentation of dislodged stone units, examination of mortar joint conditions, and assessment of masonry veneer anchor assemblies. This timing comes into play with investigation, inspection, and claim notices, and for getting claims on file—both in court and in arbitration.

Insurance 52

Insurance Legal Documentation Claims 52

CivilJungle

AUGUST 8, 2022

Legal Documents Required for Purchase of Property. But we must avoid the problem and legal situation by checking the documents required for buying property. The below documents are necessary for the purchase of property: 1. The kata simulates the account , and documents are essential when conducting land from one to another.

Documentation 52

Documentation Legal Certification Agreement 52

Construction Marketing

JULY 11, 2022

The indemnity agreement provides that the principal will hold the surety harmless if a claim is filed against the bond. Are Surety Bonds Insurance? While many contractors confuse surety bonds and insurance, they are different. Contact a surety company and submit a bond application together with your financial documents.

Contractors 156

Contractors Legal Bidding Contract 156

Construction Cost Estimating

MAY 17, 2018

If it is required to develop a new building or refurbish surviving property, the owner should have arranged a document so that the work & other portions of the construction project can be performed systematically. Each construction project should comprise of crucial documents that generally form the part of every construction contract.

Documentation 40

Documentation Construction Drawings Contract 40

Best Practices Construction Law

FEBRUARY 25, 2014

Well, in a recent construction dispute in Maryland, “the Man” was the owner’s insurance company. Accordingly, the joint venture could not claim reimbursement under the policies. The contract required Gaylor to purchase and maintain an Owner Controlled Insurance Program (“OCIP”). The Insurance Claim.

Insurance 59

Insurance Maryland Claims Construction 59

Best Practices Construction Law

NOVEMBER 4, 2015

When dealing with construction claims—whether one for construction defects, outstanding payment, or delay damages—an initial hurdle is making sure that proper notice has been given. Recently, a court in New York held that notice to an insurance broker was not the same as the contractually required notice to the insurance carrier.

Claims 48

Claims Change Orders Legal Schedule 48

Construction Dive

NOVEMBER 4, 2012

By Bruce Jervis A contractor claiming entitlement to construction costs will of course be asked to prove those costs. But does proof require hard documentation of each and every actual expenditure? The contractor was not required to support each alleged expenditure with an invoice or other payment documentation.

Documentation 48

Documentation Claims Utah Estimating 48

Construction Law Monitor

AUGUST 27, 2012

Undoubtedly, there will be those who need to make property damage claims. As for dealing with insurance companies to make your claim. Then after the damage has occurred, then you will need to make yet another video/picture document log. Notice of the claim is nearly as important as documenting the claim.

Louisiana 62

Louisiana Insurance Claims Deals 62

Construction Law Monitor

JANUARY 19, 2011

When an employee is terminated and claims unemployment benefits in Louisiana, the claim is associated with your business’ account and will affect your unemployment insurance rates in the future. In Louisiana, unemployment claims are administered by the Louisiana Workforce Commission. Read the Avvo Legal Guide here.

Claims 44

Claims Louisiana Commissioning Legal 44

Green Building Law Update

NOVEMBER 27, 2016

But, the claims that have resulted in much of the recent litigation involving green building projects are different from those in other construction disputes. As with the vast majority of claims involving a green building that this law firm reviews (.

Green 120

Green Claims Certification North Carolina 120

HardHatChat

OCTOBER 31, 2017

One reminder we always give clients is that if damage to a commercial facility is significant enough to make an insurance claim, they should always have their insurance company come out to document the damage before making any repairs.

Commercial 207

Commercial Plans Puerto Rico Florida 207

Constructlaw

SEPTEMBER 10, 2020

One additional outcome of this, that everyone needs to understand from the very beginning of a project, is the need to document everything — absolutely everything. It is easier to be successful in your claim if it is well-documented. This was true before COVID-19, but now is even more critical.

Industrial 52

Industrial Union Contract Claims 52

Lets Build

JANUARY 13, 2023

Deal with insurance claims easily. One-click customisable reports are also a crucial asset for site managers—from handling labour, material, and equipment data to documenting your workforce and logistics, you can finally work without workarounds. Keep an airtight audit trail. Protect your company from stop-work orders.

Site 148

Site Office Management Documentation 148

Safety Services Company

DECEMBER 1, 2020

If a company isn’t sure about recording an incident and decides not to, they can document it in good faith at a later date. It is important to document these serious injuries and illnesses accurately. The lower the EMR of a business, the lower their worker compensation insurance premiums will be. What is EMR? An EMR of 1.0

OSHA 62

OSHA Accidents Injury Compensation 62

Contractor Connection

MAY 31, 2018

When evacuating, secure your property and important documents and valuables. Relocate important documents, such as titles to cars and property, to a safe place. Call your insurance company right away and arrange accommodations. Find a qualified, licensed and insured restoration contractor to repair your home.

Insurance 76

Insurance South Carolina North Carolina Contractors 76

Safety Services Company

AUGUST 19, 2019

Is there a list of essentials that can help you weather a storm and what should you be considering in terms of hurricane, storm or flood insurance? Important Documents and Items: These items should be kept together, preferably in plastic Ziploc bags or water-tight containers. Deed and documentation for House and Vehicles.

Insurance 48

Insurance Documentation Safety Housing 48

Levelset

OCTOBER 19, 2022

Contractors need to pay close attention to detail in their project documentation and draw requests. Improper project documentation or budgeting. These documents prove that required payments were made and prevent mechanics liens from being filed on the property unexpectedly. Lack of insurance coverage.

Contractors 98

Contractors Lien Finance Construction 98

Green Building Law Update

DECEMBER 3, 2017

There are a panoply of federal laws within discreet silos, including significantly: The Health Insurance Portability and Accountability Act (HIPAA), The Family Educational Rights and Privacy Act (FERPA), the Fair and Accurate Credit Transaction Act (FACTA), and the like. A claim pending against a major U.S.

Green 120

Green Risk Claims Drafting 120

Levelset

NOVEMBER 10, 2022

Document & track safety incidents. Proper and detailed documentation could make a difference in a legal case in which responsibility for a mishap must be determined. Work with your insurance provider. As the saying goes, “you can’t manage what you don’t measure.”

Safety 52

Safety Site Injury Construction 52

Best Practices Construction Law

SEPTEMBER 22, 2020

This should include identifying chain of command for notice purposes, identifying internal investigation team members, identifying who will be a company spokesperson, and identifying your risk management team (insurance and legal). Manage the accident documents. Act diligently when an accident occurs. Understand privileges.

Accidents 62

Accidents Site OSHA Miami 62

Building Information Management

DECEMBER 23, 2015

A listing of potential JOC documents and document templates and associated reporting requirements provides some insight as to what goes in to setting up, or standing up a JOC program. The following is a listing of JOC documents/document template that conceivably might be involved. Certificate of Insurance.

Contract 40

Contract Certification Documentation Bidding 40

NH Construction Law

SEPTEMBER 5, 2020

Parties to a lawsuit, or who reasonably should anticipate future litigation, have a duty not to destroy evidence crucial to their opponents’ claims or defenses. American Family Mutual Insurance Co. But what about a building under construction? Golke , 768 N.W.2d 2d 729, 737 (Wis.

Inspections 40

Inspections New Hampshire Claims Construction 40

NH Construction Law

JULY 22, 2023

In Amerisure Insurance Co. Selective Insurance Group, Inc. ” The State paid the general contractor per square yard of finished concrete surface excluding curbs, but the Supreme Court held that this wasn’t binding with respect to the subcontractor’s claim against the general contractor, id. 65, 78, 972 N.E.2d

Subcontracting 40

Subcontracting Contract Contractors Insurance 40

Construction Lawyer

AUGUST 28, 2013

This law, Public Act 098-0548, codified at 735 ILCS 5/2-2301, applies to “personal injury, property damage, wrongful death, or tort action involving a claim for money damages.” Many construction cases involve either personal injury or property damage claims. insurance litigation news'

Illinois 40

Illinois Lien Claims Insurance 40

Levelset

MAY 16, 2022

The Act establishes a registration program for home improvement contractors, along with required contract provisions, minimum insurance coverage, and more. Insurance coverage. The Act also requires a minimum amount of insurance coverage when working on home improvement projects. Notice of right of rescission.

Pennsylvania 98

Pennsylvania Residential Contractors Contract 98

Construction and Infrastructure Law

SEPTEMBER 29, 2020

The basis for the second holding is that the discovery rule of accrual is based in equity, whereas a disgorgement claim is not intended to compensate claimant for any injury, but to punish the unlicensed contractor, and therefore is not subject to equitable considerations.

California 98

California Contractors Compensation Los Angeles 98

Best Practices Construction Law

SEPTEMBER 23, 2022

Ned regularly represents clients in construction defect and compensation claims, manufacturer/dealer disputes, and insurance coverage lawsuits. He is also a South Carolina certified mediator. Ned can be reached at nnicholson@burr.com or (803) 799-9800. Reynolds v. Ryland Group, Inc., 2d 917, 921 (S.C. Lennar Carolinas, LLC, et al , Op.

South Carolina 62

South Carolina Insurance Contract Legal 62