Does Project-Specific Wrap-Up Insurance Automatically Protect You as a Subcontractor?
Does Project-Specific Wrap-Up Insurance Automatically Protect You as a Subcontractor? Lessons Learned from the Court of Appeal’s Decision in Capital Sewer Servicing Inc. v. Crosslinx Transit Solutions Printable PDF Key Takeaway Read your contract terms in their entirety and beware of the implications of priority provisions. Where a contract contemplates that insurance will be carried […]
Settlor Beware: A Full Settlement of Construction Claims May Waive Your Right to Holdback Funds
Settlor Beware: A Full Settlement of Construction Claims May Waive Your Right to Holdback Funds Key Takeaway The existence of the statutory holdback and trust obligations in the Construction Lien Act, now called the Construction Act (the “Act”), does not separate holdback funds and entitlement to release of holdback, from a settlement of all claims. […]