Thursday, July 26, 2007

Small builders face big fines

In a move to curb fly-by-night contractors, the City Council passed a bill yesterday requiring small home builders to register, disclose corporate officers and prove they are making a profit.

Pols nail down shady builders

The legislation requires general contractors to disclose the names, addresses and telephone numbers of their owners and all corporate officers, prove financial solvency and have no less than $1 million in liability insurance for each job.

1 comment:

Anonymous said...

I hope that there were no loopholes accidentally (or deliberately) left in the wording of this law !

For instance....
what if the contractor's company is registered out of state etc.?

H-m-m-m....? !!!