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For a list of NewHampshire economic development agencies that can help with the site selection process, visit our Online Site Seekers’ Guide. NewHampshire Government Contracting Assistance Center: A cooperative program of the NewHampshire Division of Economic Development and the U.S.
If the principal is a general contractor with a “pay-if-paid” clause in its subcontracts, must a subcontractor wait for the general contractor to be paid before it can collect on a payment bond? No NewHampshire case has yet considered whether the same result obtains under state law, but the same logic applies.
Commercial construction subcontracts frequently incorporate by reference provisions of the prime contract between the owner and the general contractor, often with language requiring the subcontractor to assume toward the general contractor all duties owed by the general contractor to the owner. In Amerisure Insurance Co. 560 F.Supp.
Like many states, NewHampshire law requires that if a subcontractor doesn’t pay wages to its employees, the general contractor must pay them. An insurance certificate showing that the sub has workers comp coverage should always be a prerequisite to allowing the sub to proceed. RSA 275:46. How does a GC protect itself?
Many construction contracts and subcontracts provide for arbitration of disputes. Sphere Drake Insurance, PLC , 202 F.3d Sphere Drake Insurance, PLC , 202 F.3d Are they nevertheless enforceable in NewHampshire? Some of them give just one of the parties an option to require arbitration. See DiMercurio v.
Thus far, in NewHampshire at least, this rule has been applied only to personal injury, not to property damage. Subcontracting to someone with scant experience but who “talks a good game” likely won’t cut it. ’” Arthur v. Holy Rosary Credit Union , 139 N.H. 463, 468 (1995) (citations omitted).
When contracts and subcontracts are negotiated, it is common for written drafts and redrafts to circulate between the parties, sometimes with a letter of intent to enter into a contract thrown into the mix, and sometimes with competing forms being used – a proposal or bid on one side, an expansive formal contract on the other.
The exceptions are for financial institutions, financial institution groups, and insurance companies that have a maximum business privilege tax of $3,000,000. This credit can also be claimed against the insurance premium tax, the oil and gas production and property taxes, the fisheries business and landing taxes, and the mining license tax.
CORPORATE BUSINESS TAX CREDITS: Financial institutions constructing new facilities and adding new employees can receive a credit of as much as 50 percent of the tax for up to 10 years; may be extended for an additional 5 years; based on size of the facility and level of employment.
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