Levelset

AUGUST 24, 2022

Two of the most common insurance policies that contractors have are builder’s risk and general liability, which serve very different purposes. Builder’s Risk Insurance General Liability Insurance Coverage Covers a building under construction—and often tools, equipment, and materials related to the project.

Liability 52

Liability Risk Insurance Contractors 52

Levelset

SEPTEMBER 8, 2022

Liability insurance protects your business against claims for damages caused by you and your workers, if you have any. The two most common liability insurance policies for contractors are general liability and professional liability. What are general liability and professional liability insurance?

Liability 52

Liability Insurance Claims Legal 52

Levelset

SEPTEMBER 7, 2022

Professional liability insurance provides contractors coverage from financial losses that happen as a result of their errors, mistakes, or negligence. For instance, a plumber who fails to properly lay a pipe could cause water damage that leads to an expensive repair for the general contractor.

Liability 52

Liability Insurance Injury Contract 52

Construction and Infrastructure Law

SEPTEMBER 29, 2020

Contractors performing work in California are required to be licensed by the California State License Board (“CSLB”). Except for sole proprietors, contractors are typically licensed through “qualifiers,” i.e., officers or employees who take a licensing exam and meet other requirements to become licensed on behalf of the contractor’s company.

California 76

California Contractors Compensation Los Angeles 76

Job Order Contracting

AUGUST 31, 2021

The over-riding goal of most contractor becomes minimizing the cost of performing the agreed scope or activity and maximizing profit. When things inevitably go wrong, the participant’s financial interests are often served by blaming others and defending contractual positions, rather than working collaboratively to overcome the problem.

Construction 176

Construction Procurement Liability Contract 176

Levelset

MAY 16, 2022

In Pennsylvania, contractors working on residential projects need to be aware of the Pennsylvania Home Improvement Consumer Protection Act. The Act establishes a registration program for home improvement contractors, along with required contract provisions, minimum insurance coverage, and more. Project details.

Pennsylvania 98

Pennsylvania Residential Contractors Contract 98

Construction Lawyer

AUGUST 6, 2014

the general contractor sued the owner (college) and the engineer for damages related to allegedly unforseen conditions on the project site that caused it to incur costs that exceeded the contract price. The contractor had been hired to construct an underground fire suppression system. San Diego Community College Dist. ,

Liability 45

Liability Design San Diego Compensation 45

Construction Lawyer

MAY 30, 2012

He is a partner in the law firm of Sabo & Zahn, concentrating in construction law and representing owners, contractors, architects, developers, engineers and other parties in the construction process. Sabo & Zahn LLC is an Illinois Limited Liability Company. Unlimited liability for designers and contractors. Disclaimer.

Liability 40

Liability Contractors Design Minnesota 40

Levelset

SEPTEMBER 14, 2022

“If something goes wrong, liability could hit the GC’s policy, which dilutes liability insurance limits, negatively impacts their claims history, and forces them to deal with a claim that’s not really their fault.”. Are subcontractors covered under the general contractor’s insurance? Business auto insurance.

Insurance 98

Insurance Liability Claims Injury 98

Best Practices Construction Law

JUNE 21, 2022

Last month, the Armed Services Board of Contract Appeals held that a public contractor could not recover $100k in construction costs incurred following the government’s decision to close down a base in Tennessee due to COVID-19. The contractor also sought 59 days of time extension for the period the project was inaccessible.

Contract 62

Contract Contractors Compensation Site 62

Construction Business Owner

AUGUST 30, 2011

You know, lots of contractors using an off-the-shelf accounting program ask me the same question: Why is construction-specific accounting software so much more expensive? Construction-specific systems allow contractors to instantly track and analyze job progress and performance. Public Exposure and Liability on Construction Sites.

Construction 168

Construction Software Software Accounting 168

Levelset

MAY 23, 2022

As a contractor, you may have realized that taking care of every detail will not be enough as there are always going to be risks associated with your work. In general, business interruption insurance for general contractors costs between 0.25% and 0.75% of the business’s total annual revenue.

Insurance 97

Insurance Contractors Construction Claims 97

Contractor Bookkeeping

SEPTEMBER 29, 2017

I know this is not a statement that any contractor wants to hear about their bookkeeping. Worker’s Compensation Provider. General Liability Insurance Provider. You Have Ultimate Control On Who Has Or Receives. Information About Your Contracting Company. Financials statements are based on the information you provided.

Profitability 54

Profitability Contractors Compensation Liability 54

Job Order Contracting

JANUARY 5, 2017

Things Contractors Should Know About Job Order Contracts. As a construction contractor considering a Job Order Contract (JOC), it is critical to be aware that all JOCs are not the same. Here are a just a few things contractors should know about job order contracts. JOC Coefficient: Do’s. JOC Consultants: Don’ts.

Contract 100

Contract Contractors Consulting Software 100

Levelset

SEPTEMBER 19, 2022

First-party insurance provides compensation directly to the insured individual or business, whereas third-party insurance provides reimbursement to another party when the insured person or business is liable for damages. First-party insurance provides compensation directly to the insured individual or business.

Insurance 52

Insurance Liability Compensation Claims 52

Construction and Infrastructure Law

SEPTEMBER 29, 2020

Contractors performing work in California are required to be licensed by the California State License Board (“CSLB”). Except for sole proprietors, contractors are typically licensed through “qualifiers,” i.e., officers or employees who take a licensing exam and meet other requirements to become licensed on behalf of the contractor’s company.

California 52

California Contractors Compensation Los Angeles 52

Construction and Infrastructure Law

FEBRUARY 6, 2018

The new law puts the onus on direct contractors to not only monitor their own payroll practices, but to ensure that their subcontractors and lower tier subcontractors are engaging in proper payroll practices. AB 1701 does not afford individual workers a direct right to sue contractors. Section 2810.3

California 49

California Contractors Liability Employment 49

Autodesk Construction Cloud

FEBRUARY 25, 2022

Evaluating a subcontractor’s health before awarding work has become more important than ever for general contractors. Formula: (Cash and Cash Equivalents + Marketable Securities + Accounts Receivables) / Current Liabilities . Formula: Current Assets / Liabilities . Formula: Total Liabilities / Total Assets .

Safety 94

Safety Debt Liability Equity 94

Construction Dive

NOVEMBER 6, 2013

By Bruce Jervis There are many legitimate reasons for contractors to submit claims for increased compensation. Construction contracts, which essentially allocate risks and responsibilities between project owners and constructors, spell out the circumstances under which the contractor may be entitled to additional time or money.

Claims 58

Claims Wisconsin Compensation Liability 58

Levelset

AUGUST 31, 2022

The Hartford provides insurance for a variety of contractor types, including plumbers, electricians, painters, and carpenters. They offer a full range of business insurance policies, including general liability, commercial auto, workers’ compensation, and umbrella. They welcome new contractors. The Hartford. Get a quote.

Insurance 52

Insurance Liability Compensation Construction 52

Building Radar

NOVEMBER 18, 2024

By accurately calculating labor burden, contractors can prevent cost overruns and improve financial management importance of labor burden. Leveraging data-driven insights can assist contractors in better managing labor costs, thereby improving overall profitability using data to optimize costs. What is Burden Rate in Construction?

Construction 52

Construction Insurance Profitability Bidding 52

Job Order Contracting

JULY 17, 2017

Real Property Owners, Facilities Management, and Construction Contractors can all benefit from enhanced project productivity, quality, and satisfaction. Open communication to engender a “no-blame” attitude; where problems are identified, there is no move to establish liability, but instead a focus on having them resolved quickly.

Contract 100

Contract Compensation Liability Fabrication 100

Construction Law Monitor

APRIL 29, 2014

Contractors know this scenario very well. Many contractors do not know what to do once they receive a lawsuit. These players include: the owner, general or prime contractor, subcontractors, laborers, suppliers and equipment lessors. Other types of damages exist but courts like to compensate with money. What Happens Next?

Contractors 68

Contractors Louisiana Contract Negotiation 68

Construction Law Monitor

APRIL 4, 2011

This blog focuses a great deal on construction law from the perspective of the contractor, supplier or subcontractor. How to Find a Contractor – Choosing the right contractor will save you time & money. • Ask friends and trusted associates who have already hired contractors for recommendations. Hiring a contractor.

Contractors 53

Contractors Residential Insurance Louisiana 53

Construction Dive

NOVEMBER 19, 2014

Regardless of whether the project owner directs a suspension of work or whether the contractor encounters an unexpected problem that brings work to a halt, the result is the same. An owner-directed suspension is usually expressly compensable, with the elements of compensation defined in the contract.

Compensation 53

Compensation Liability Contract Claims 53

Job Order Contracting

AUGUST 31, 2021

Furthermore, compensation is performance-based and depended upon the final outcome. The only proven method to date of resolving the above is to apply a programmatic approach to all participants, projects, and/or work orders. If this manner, all participants follow the same workflows and use the same common data environment.

Construction 173

Construction Procurement Contract Budget 173

Building Radar

JULY 15, 2024

Common Types of Construction Insurance General Liability Insurance (CGL) Commercial General Liability (CGL) insurance is essential for both general and trade contractors. This ensures that the owner is protected under the contractor’s insurance policy. This often results in better coverage at a lower premium.

Insurance 52

Insurance Liability Construction Risk 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. Aside from owners and GCs, a government entity may want to see proof of liability insurance.

Insurance 52

Insurance Certification Contractors Liability 52

Chianelli Estimating

JANUARY 30, 2020

Recently Contractors and Owners have found that Outsource Estimating is becoming a practical way to cut overhead. They do not have the burden of carrying costs like workmen’s compensation, general liability insurance, unemployment related costs, vacations or sick days, etc.

Estimating 78

Estimating Construction Bidding Bankruptcy 78

Levelset

OCTOBER 14, 2022

Plumbing contractors should include business insurance as an integral part of their financial strategy. With numerous policies available, the plumbing contractor’s insurance landscape offers many ways for you to protect your physical and financial business assets. Why plumbing contractors need insurance. Worker injury.

Insurance 52

Insurance Liability Injury Compensation 52

Levelset

SEPTEMBER 2, 2022

Errors and omissions (E&O) insurance covers contractors against financial loss resulting from mistakes, errors, or claims of negligence. While general liability insurance covers against claims related to injury or property damage, errors and omissions insurance protects from lawsuits related to financial loss.

Insurance 52

Insurance Liability Claims Injury 52

Construction Marketing

JUNE 20, 2022

In most cases, the contractor, subcontractor, or site owner will be held responsible. Whoever is responsible for breaching their duty of care should compensate for the injuries. If the construction company fails to keep the site safe, they could face liability.

Site 156

Site Injury Construction Safety 156

Contractor Bookkeeping

SEPTEMBER 25, 2013

When You Hire A 1099 Contractor They May. Having a contractor’s license is not proof enough you are a business verses an employee. If you hire a 1099 Contractor (Specialty or Trade Contractor) they just become your employee in the eyes of the tax agencies. When a being a licensed contractor is just not enough!

Contractors 49

Contractors Cash Flow Washington Compensation 49

Construction Cost Estimating

MAY 19, 2012

Enhance your estimating process with Sage 100 Contractor. Sage, a trust worthy supplier of accounting and business management software , launched Sage 100 Contractor. Sage 100 Contractor contains more improved service management, vendor, reporting and other capacities to augment the effectiveness of the users. adsense analytic.

Sage 45

Sage Estimating Contractors Accounting 45

Levelset

AUGUST 5, 2022

Each contractor and party to the project has their own insurance, which may or may not be adequate to protect the work they’re performing. Learn more: What types of insurance do contractors need? The policy covers all project parties, including the general contractor, subcontractors, sub-subcontractors, and the project owner.

Insurance 52

Insurance Liability Claims Construction 52

Levelset

OCTOBER 31, 2022

Governments balance the needs of both by requiring contractors, property owners, and others involved in construction to mitigate the effect of building activity on the environment, including air, water, and animal and plant life. In general, these laws apply to both contractors on the jobsite and the owner of the completed building.

Regulation 52

Regulation Contractors Permits Construction 52

Levelset

JUNE 13, 2022

In the State of New York, contractors working on certain residential projects need to have a good understanding of the NY Home Improvement Contracts Act. Here’s what NY residential contractors must include (and what can’t be included) in a New York home improvement contract.

New York 52

New York Contract Residential Contractors 52