Insurance coverage and liability project for both parties is also defined. 10. Turnkey Contract This agreement is where the contractor agrees to deliver a completed project that’s ready for immediate use by the owner. The contractor will take full responsibility for both the project’s design ...
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“Builder’s All Risk” insurance in an amount approved by Landlord covering the construction of such Alterations, and such other insurance as Landlord may reasonably require, it being understood and agreed that all of such Alterations shall be insured by Tenant pursuant to Article 10 of this ...
Insurance premiums:Construction projects require various insurance coverages, from general liability to builders' risk, to protect against unforeseen incidents. Taxes:Depending on the location and nature of the project, various taxes, such as property taxes, may apply during the development phase. ...
However, contractors may need to secure additional bonding capacity or insurance coverage for a specific job. In any case, estimators must add the cost of bonding and insurance requirements to the project estimate. Explore data and trends for building materials prices. Get the latest U.S. ...
Find out whether the company has insurance covers. Insurance covers are always very important to plumbers when it comes to their safety and the safety of your house. For this reason, find out whether the company has insurance covers so that in case an accident occurs, you will be compensated...
Facebook Twitter Google Share on Facebook construction contract Encyclopedia A contract for construction services. A good one should contain the following information: • The names of the parties • The contractor's registration number • Ageneral description of the work to be performed ...
• Increasing your property value may cause property insurance premiums to increase Note: If your intent is to increase your property value, beware of the investment you make. In the majority of renovations and remodels, the increase in property value is substantially less than the amount ...
1.56 Terms not expressly defined in the Contract Documents shall be interpreted in accordance with generally established use of such terms within the architectural, engineering, electrical, and construction industries, assuming first class construction. Whenever the context may require, any pronoun shall ...
High School diploma; two (2) years of highway construction experience, including heavy motor equipment operation; snow and ice removal; or equivalent combination of education and experience; valid Massachusetts’s Class B Commercial Driver’s License and all Hoisting Engineer’s Licenses required to ...