Construction Contracts and Bankruptcy: The Ultimate in “Value Engineering” You have just learned that the other party to your contract has filed for bankruptcy. That party owes you money for past work and the project is not yet completed. This is a difficult and...
Are Your Design Professional Clients Covered? Privacy Protection issues are not going away. The technology risks that companies face today are more complex than ever before and no company is immune to the risks. An email with a virus was specifically sent to an...
The protection offered by Project Insurance and Owners Protective Insurance is very similar. But the route the two policies take to arrive at that protection are very different. There are three routes an owner could take when insuring the design of a project: Option 1...
Today’s insurance clientele are much less loyal than in the past. Technology, increased competition, and the expansion of the types of risks and exposures that need insured all play a factor into this shift away from partnership and more toward transactions....
It’s that time of year again when we all reflect on the year past and plan holiday parties to thank all staff members for their hard work. Hosting a company party can create liability situations, however, so we thought we’d share 10 Tips from the the...
Most construction contracts for major projects and almost all contracts with public entities will require performance bonds and payment bonds. Most design professionals are not structured financially to have the necessary financial assets to induce a Surety Company to...
