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A waiver of subrogation is a provision often included in construction-related contracts to protect third-party subcontractors from liability, effectively revoking an insurers right to recoup any losses from a claim wherein the third party was at fault for damages incurred.
What is the difference between a subcontractor and an independent contractor?
6 Important Steps when Terminating a Subcontractor Verify Owner Approval. Confirm Ground for Termination. Review Practical Considerations. Follow Procedure for Proper Termination. Mitigating Damages and Documenting the Completion Work. Consider Consequences of Improper Termination.
What are the responsibilities of a subcontractor?
Simply put, a Subcontractor agreement is a risk control strategy which shifts risk from one party to another. With such an agreement, the contractor is protecting themselves from risk derived from the work of their Subs.
What are subcontract documents?
8 things a subcontractor agreement should include Business information. Include names, businesses names, and contact information for both the subcontractor and the hiring contractor. Scope of work. Payment terms. Change orders. Licensing and insurance coverage. Dispute resolution. Termination clause. Flow-down provisions.
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EX-10.13 - SEC.gov
The Subcontractor agrees to flow down these requirements to all lower tier Subcontractors that provide any services or work, to the extent required by the terms
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