Legal and Regulatory Compliance in the Construction Industry: A Guide
Classified in Law & Jurisprudence
Written on in
English with a size of 9.49 KB
Question 1:
What Legal Requirements Does a Construction Business Need to Comply With?
Provide eight examples of items that a Construction Business needs to register for or apply for to ensure legal compliance for its owner/operator. Explain the relevance of each item.
- Building License: Ensures that the business and its owner/operator are qualified to perform construction work.
- Industry Association Membership (e.g., HIA, Master Builders): Demonstrates a commitment to industry standards and provides access to resources and support.
- Home Building Compensation Fund (or equivalent): Provides a safety net to homeowners in case the builder goes bankrupt or is unable to complete the work.
- Workers Compensation Insurance: Provides coverage for medical expenses