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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?
« Liability for green design | Main. The owner had hired a general contractor who, in turn, had subcontracted some of the work. After the owner paid the fifth draw and the general deposited the funds into its bank account, the bank seized the funds in the account because of another debt owed by the general. Francis , No.
million loan participation program fostering business expansion and job creation in Arizona by providing debt financing for small businesses (in collaboration with private finance partners). Additionally, the company must demonstrate that it can service the debt. 97% increase in personal property tax exemption. TAX INCENTIVES.
Loan proceeds are to be used for working capital, inventory, equipment purchase, and real property improvements but cannot be used for refinancing of existing debt or outstanding debt payments. Funds cannot be used for debt refinancing or contingency funding. The program ends December 2016. EMPLOYEE TRAINING PROGRAMS.
Eleven different Pennsylvania-based construction companies already have been subcontracted to do much of the work, and many more opportunities will be made available as the project goes forward. The debt-free, state-of-the-art AnC Bio facility will take about 18 months to build. The stem-cell market currently is valued at about $1.4
00 52 14 Subcontract Form – Stipulated Sum (design/bid/build or. 00 52 17 Subcontract Form – Cost-Plus (design/bid/build or design/negotiate/build). 00 52 14 Subcontract Form – Stipulated Sum (design/bid/build or. 00 52 17 Subcontract Form – Cost-Plus (design/bid/build or design/negotiate/build).
00 52 14 Subcontract Form – Stipulated Sum (design/bid/build or. 00 52 17 Subcontract Form – Cost-Plus (design/bid/build or design/negotiate/build). 00 52 14 Subcontract Form – Stipulated Sum (design/bid/build or. 00 52 17 Subcontract Form – Cost-Plus (design/bid/build or design/negotiate/build).
Anderson concerned a general contractor’s lien rather than a subcontractor’s lien – a distinction that Maine’s Supreme Court found significant in Bangor Roofing & Sheet Metal Co. Robbins Plumbing Co. , 145, 148, 116 A.2d ” Calculating the fair and reasonable value of labor and materials is no easy task.
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