9.26.18 – Josh Marvel, CIC, AAI – Consolidated
jmarvel@consolidatedinsurance.com
What has your organization done to prepare? Beginning October 1, 2018, General Contractors in Maryland will become liable in instances in which subcontractors have not paid their employees.
This change was instituted by Senate Bill 853 which was passed and enacted at the beginning of April.The effects and consequences of this law for both general contractors and subcontractors are significant and may in the end increase the costs of projects themselves.
The law will likely also have an effect on the amounts and duration of the surety bonds required for construction projects.
For more info – https://www.jdsupra.com/legalnews/new-maryland-law-makes-general-57093/