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File a Bond Insurance Claim. Before proceeding, note that you can only file a claim if the contractor is bonded. Therefore, you should only work with bonded and insured contractors for large projects.
The distinction between independent contractor and employee is an important one in the United States, as the costs for business owners to maintain employees are significantly higher than the costs associated with hiring independent contractors, due to federal and state requirements for employers to pay FICA (Social Security and Medicare taxes) and unemployment taxes on received income for ...
A fidelity bond or fidelity guarantee is a form of insurance protection ... it is the responsibility of the business working as a contractor or subcontractor to carry ...
The bonding process helps weed out irresponsible contractors while the bond itself defrays the government's cost of substitute performance. The subrogation right of the bond surety against the contractor (i.e., the right to sue for indemnification) is a deterrent to non-performance. Bond sureties often require additional security, including ...
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).
Contractor rating systems, also known as contractor prequalifications, are one of the larger cost-saving practices available and more routinely applied by governmental organizations as a means of avoiding the high cost and inflated pricing that results from reduced competition on public work by using bonding and surety to guarantee performance of public work.
Hit Man: A Technical Manual for Independent Contractors is a book written under the pseudonym Rex Feral and published by Paladin Press in 1983. Paladin Press owner Peder Lund claimed, in an interview with 60 Minutes, that the book started life as a detailed crime novel written by a Florida housewife, and that the format was later changed to appeal to Paladin's reader base accustomed to the ...
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