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Subcontractor further agrees that Owner's payment to Contractor of all progress payments and final payment for any work performed by Subcontractor, other Subcontractors and Contractor shall be an express condition precedent to any obligation of Contractor to make any progress payment, retainages, or final payment to Subcontractor, and ...
The following is a list of trades in construction.. Bell hanger installs mechanical and electrical bell systems; Boilermaker, works in nuclear, oil and gas industry, shipyards, refineries, and chemical plants, on boilers, pressure vessels, and similar equipment.
A Builders’ Exchange is a trade association or privately owned business that provides services and “exchanges” information among contractors, subcontractors, suppliers, design firms, construction clients and others involved in the local construction industry. Builders’ Exchanges share a common purpose of collecting and disseminating ...
Managing subcontractors takes a fair amount of organization. Once you have a pool of vetted subcontractors, make sure you build in risk assessments and contingency plans for new projects. These ...
That way, if the builder goes kaput, the money for any repairs will go to you, allowing you to fix things on your own. Lew Sichelman has been covering real estate for more than 50 years.
A general contractor is a construction manager employed by a client, usually upon the advice of the project's architect or engineer. [7] General Contractors are mainly responsible for the overall coordination of a project and may also act as building designer and construction foreman (a tradesman in charge of a crew).
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