Subcontractor default insurance (SDI) transfers subcontractor default risk to an insurance carrier, ensuring that the policyholder is reimbursed and enabling the work to be completed. Unlike ...
When you hire a contractor, you expect them to handle the job and the people they bring with them. In reality, the subcontractors they choose can quietly shift legal and financial risk back onto you ...
Construction success relies on orchestrating countless moving pieces. With the average project having 24 different subcontractors—and often many more on large commercial builds — there’s a huge ...
Many subcontracts contain a catch-all provision requiring the subcontractor to do everything the prime contractor is obligated to do under the prime contract. This is known as an “incorporation” ...