Chip Merlin | Property Insurance Coverage Law Blog | September 10, 2019 Steve Patrick is a guru for those estimating property insurance losses. He made a suggestion on Level The Playing Field, for a construction book, Markup & Profit: A Contractor’s Guide, Revisited. His suggestion caught my eye since Merlin Law Group keeps this work in our reference… Continue reading Restoration Contractor Revenue and Profit Is Important If Policyholders Are Going To Get Quality Work
Tag: Profit and Overhead
Entitlement to Overhead and Profit on an Actual Cash Value Estimate
Jason Cleri | Property Insurance Coverage Law Blog | December 10, 2017 In the New York class action suit, Mazzocki v. State Farm, 1 A.D.3d 9 (N.Y. 3rd Dept. 2003), the Appellate Court for the Third Department finally clarified the question regarding overhead and profit in actual cash value and replacement cost value claims. Plaintiffs in… Continue reading Entitlement to Overhead and Profit on an Actual Cash Value Estimate
Is a Dispute Over General Contractor Overhead and Profit Appropriate for Appraisal?
Edward Eshoo | Property Insurance Coverage Law Blog | February 22, 2017 In Windridge of Naperville Condominium Association v. Philadelphia Indemnity Insurance Company,1 a federal district court in Illinois recently addressed the issue whether appraisal is appropriate to resolve a dispute over the need for a general contractor to perform repairs following a covered loss.… Continue reading Is a Dispute Over General Contractor Overhead and Profit Appropriate for Appraisal?