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An overview of various business organizations, including limited liability companies, joint ventures, and the process of reserving a business name. It also covers important aspects of construction contracts, such as required contract elements, breach of contract, and contract provisions to limit risk. The document delves into the bidding process, including ethical considerations like bid shopping and bid rigging. Additionally, it discusses insurance types relevant to construction businesses, including property, liability, and key man life insurance. Scheduling methods, project management, and the estimating process, including factors like labor burden and project overhead costs. It also addresses contractor obligations, change orders, and quality assurance. Overall, this document offers a comprehensive understanding of the legal, financial, and operational aspects of running a construction business.
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from claims arising from injuries or damage to other people or property 16. Business Owners Policy (BOP): Property and liability Coverage are bundles under business owners policies
physical dam- age to vehicles
parties, and legal purpose
Task time ranges Float time
the bond, Requirments for notice of defect or lack of maintance, Bond enforcement
Put yourself in the shoes of the other person Pay attention t body language