Last week I discussed the potentially onerous legislation that essentially made contractors the employers of all employees of their subcontractors and suppliers on a job site. That was only one of the impactful statutes that was passed by the General Assembly and that will take effect in July of 2020. While the above mentioned legislation […]
Bond Claims Business of Construction Construction Construction Law Contracts Guest Post Friday Mechanic's Liens
Why Accounts Age And Solutions For Construction Industry Credit Managers
Originally posted 2015-03-17 10:06:57. For this week’s Guest Post Friday here at Musings, we welcome back Scott Wolfe. Scott is the CEO of Zlien, a company that provides software and services to help building material supply and construction companies reduce their credit risk and default receivables through the management of mechanics lien and bond claim […]
No Miller Act Setoff for Non-Federal Claims
Originally posted 2015-04-21 10:03:29. Musings is back! And a great case for subcontractors on federal projects came out of the U. S. District Court for the Eastern District of Virginia last month. The Court in U. S. ex rel Acoustical Concepts, Inc. v. Travelers Casualty and Surety Co. of America, et. al. held that, despite […]
Miller Act Bond Claims Subject to “Pay If Paid”. . . Sometimes
Originally posted 2014-07-09 09:44:02. The Federal Miller Act is a great tool that subcontractors and suppliers on Federal projects can use for collection of wrongfully withheld amounts due. However, as a recent federal case from the Eastern District of Virginia points out, the construction contract’s terms affect when a subcontractor or supplier can use this […]
General Indemnity Agreement Can Come Back to Bite You
I talk about payment bonds often here at Construction Law Musings. I talk a bit less about performance bonds and even less about the General Indemnity Agreements (GIA) that are signed by companies and their principals as part of the agreement between a construction company and its bonding company for the provision of these bonds. […]