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AI is Great, but Still Learning to Read the Fine Print0
- Contracts, Improving Productivity, Outlook & Trends, TECHNOLOGY
- December 20, 2022
By Jordan Pavlus; Byrne, Costello & Pickard, P.C. Contract review is one of the most tedious, yet important, aspects of subcontracting. Contractual terms determine project schedule, payment rights, claims processes, dispute resolution, and so on. Virtually all of a subcontractor’s legal and equitable rights are determined and affected by the contract. Like other aspects of
READ MOREContract Review Blindspots for Construction Subcontractors0
- Best Practices, Contracts, Documentation
- October 25, 2022
By Patrick Hogan, handle.com Contracts can significantly impact construction projects’ profitability, and complacency can lead to wasted resources–even revenue loss. Many fail to be conscientious about reviewing contracts for various reasons–they may have been working with the same client for several projects now, or they’ve never had issues with their templated contracts, so they don’t
READ MOREConstruction Contracts: How to Leverage them to Drive Efficiency and Save Money0
- Contracts, Improving Productivity, Outlook & Trends, Risk Management
- October 24, 2022
By Dan Broderick, BlackBoiler Apocryphally, the phrase “may you live in interesting times” comes from an ancient Chinese curse. In the words of Sir Austen Chamberlain, politician, and brother of the British Prime Minister, Neville, “The curse has fallen on us…we move from one crisis to another. We suffer one disturbance and shock after another.”
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Contract Provisions That Will Affect Your Insurance Program and What to Do About Them!0
- Best Practices, Contracts, Documentation, Insurance
- October 24, 2022
By Gary R. Semmer, AssuredPartners Construction Contracts are becoming more complex regardless of which ones you’re entering into and the Insurance Requirements often include addendums or exhibits that need to be reviewed to comply with your Insurance Program. The following are some of the more common Contract provisions that come up today in our Client’s
READ MOREThe “Your Work” Exclusion in a General Commercial Liability Policy 0
- Best Practices, Contracts, Insurance, Legally Speaking, Risk Management
- July 26, 2022
By Kent Lang and Mike Thal, Lang & Klain, P.C. In seeking indemnification for damages caused by a subcontractor’s work, a general contractor or upstream subcontractor should understand the “your work” exclusion typically contained in commercial general liability (CGL) insurance policies, as well as the “subcontractor exception” to that exclusion. For all contractors, understanding those
READ MOREDoes your Insurance Program Cover All of the Insurance Requirements in the Contracts You’re Signing? 0
- Best Practices, Contracts, Insurance
- July 26, 2022
By Gary R. Semmer, Assured Partners Great question- let’s examine some of the more important provisions: Indemnification- every Contract contains some form of Indemnity/Hold Harmless language which requires you to indemnify upstream parties for your acts or others that could cause Bodily injury, Property Damage and sometimes even Consequential Damages. They vary in scope from
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To educate and equip subcontractors and suppliers with the knowledge and resources they need to thrive in the construction industry. Additionally, FASA raises awareness about issues critical to and about construction in the United States.
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