principal contractor definition
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- Principal Contractor: the Contractor or any other contractor duly appointed by the Employer as the Principal Contractor pursuant to regulation 6(5) of the CDM Regulations.
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- principal RME.  to assume direct management of the construction business of the firm. he is employed by is a violation of the contractors license law for which the licenses of both the firm. and the . principal RME.
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What are the responsibilities of the principal in a company? Principal is a term with many meanings. As it relates to business, a principal can range from a company's representative dealing with a contractor to the company's leader. Some companies have a specific position identified as the principal, and these positions often represent key members of the leadership team.: Principals have different roles depending on the nature of an individual business, but the universal responsibility of a commercial business principal is significant influence. Some principals are also the founder, owner and CEO. Others own a large portion of company equity and sign off on major decisions.
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- Full Definition of CONTRACTOR. 1. : one that contracts or is party to a contract: as a: one that contracts to perform work or provide supplies b: one that contracts to erect buildings. 2. : something (as a muscle) that contracts or shortens. See contractor defined for English-language learners.
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agency A consensual relationship created by contract or by law where one party, the principal, grants authority for another party, the agent, to act on behalf of and under the control of the principal to deal with a third party.gency may arise when an employer (principal) and employee (agent), asks someone to make a delivery or names someone as an agent in a contract. The basic rule is that the principal becomes responsible for the acts of the agent, and the agent's acts are like those of the principal (Latin: respondeat superior).
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AGENCY: A principal (means, with respect to an applicant, a registrant, or a person required to be registered under the Commodity Exchange Act) is: an individual who is: 1  a sole proprietor of a sole proprietorship;  a general partner of a partnership;
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- Definition of principal sum. : the sum specified to be paid under the terms of an accident or health insurance policy in case of the death of the insured or the loss of limb or sight due to an accidental injury.
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Duties of Principal Contractor Duties of Principal Contractor - Checklist Principal contractors must: The principal contractor has the major responsibility for safety and health during the construction phase on notifiable projects only, and has the duties to plan, manage, monitor and coordinate the construction phase taking into account the general principals of prevention to ensure:
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Independent Contractor Independent Contractor. Definition: A person hired to do work for another but who is not an employee or agent of that person. Control is subjected to the end result and not as to how the work is performed as opposed to an employee who receives direction on what, when and, to some degree, how to do a job.
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builder contractor - someone (a person or firm) who contracts to build things. contractor - (law) a party to a contract. homebuilder, home-builder, housebuilder, house-builder - someone who builds houses as a business. jerry-builder - someone who builds cheap buildings out of poor materials on speculation for a quick profit. road builder - someone whose business is to build roads.
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- Independent contractor. A person who performs services for remuneration ispresumed to be an employee unless the employing unit proves that the person is free from the essentialdirection and control of the employing unit, both under the person's contract of service and in fact andthe person meets specific criteria.
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âPrincipalâ vs âownerâ Principal has a specific meaning in the context of commercial law. From Wikipedia: a principal is a person legal or natural–who authorizes an agent to act to create one or more legal relationships with a third party. Effectively, this means that the principal is the business.
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- Definition. An agreement between a principal and an agent that binds them exclusively to each other in contracting purchase arrangements for specific goods or services. The agreement is usually specific to a stated time period and a geographic region or market.efinition. An agreement between a principal and an agent that binds them exclusively to each other in contracting purchase arrangements for specific goods or services. The agreement is usually specific to a stated time period and a geographic region or market.
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- A general contractor (main contractor, prime contractor) is responsible for the day-to-day oversight of a construction site, management of vendors and trades, and the communication of information to all involved parties throughout the course of a building project. 1 Description.
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Alkaline water: Legit health food or high-priced hoax? Some people believe that alkaline water helps our bodies metabolize nutrients and expel toxins more efficiently than regular tap water, leading to better health and performance. Anecdotal evidence supports some of those claims.
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- Domestic subcontractor. A subcontractor who contracts with the main contractor to supply or fix any materials or goods or execute work forming part of the main contract. Essentially this contractor is employed by the main contractor.
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- faux glaux beauty added 4 new photos with des pye and 3 otherslittle something from this weekendaux glaux beauty added 4 new photos with des pye and 3 others little something from this weekend
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Subcontractor One who takes a portion of a contract from the principal contractor or from another subcontractor. When an individual or a company is involved in a large-scale project, a contractor is often hired to see that the work is done.The contractor, however, rarely does all the work.uilding construction is a common example of how the contractor-subcontractor relationship works. The general contractor takes prime responsibility for seeing that the building is constructed and signs a contract to do so.
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- Definition of contractor. 1  1 : one that contracts or is party to a contract: such asa : one that contracts to perform work or provide suppliesb : one that contracts to erect buildings. 2  2 : something (as a muscle) that contracts or shortens.
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Subcontractor n. a person or business which has a contract (as an independent contractor and not an employee) with a contractor to provide some portion of the work or services on a project which the contractor has agreed to perform.
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Federal Contractor Federal Contractor: According to 11 C.F.R. § 115.1 a person, as defined by 11 C.F.R. § 100.10, who enters into a contract with the United States or any department or agency thereof for the rendition of personal services; or furnishing any material, supplies, or equipment; or selling any land or buildings; if the payment for the performance of the ...
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Soils - Part 2: Physical Properties of Soil and Soil Water Permanent wilting point is the soil water content when plants have extracted all the water they can. At the permanent wilting point, a plant will wilt and not recover. Unavailable water is the soil water content that is strongly attached to soil particles and aggregates, and cannot be extracted by plants.
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âPrincipalâ vs âownerâ a principal is a person legal or natural–who authorizes an agent to act to create one or more legal relationships with a third party. Principal has a specific meaning in the context of commercial law.From Wikipedia : a principal is a person legal or natural–who authorizes an agent to act to create one or more legal relationships with a third party. Effectively, this means that the principal is the business.In the case of a corporation, say General Electric, the principal is General Electric itself, while Jack Welch was one of its agents during the 80s and 90s. partner or owner of a business. This is primarily the only reason you would use the word principal in the world of business. In Business terms, Principal has one meaning, you would be a part of a company with a financial interest in that company.
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48 CFR 9.104-4 - Subcontractor responsibility. 9.104-4 Subcontractor responsibility. ( 1 a) Generally, prospective prime contractors are responsible for determining the responsibility of their prospective subcontractors (but see 9.405 and 9.405-2 regarding debarred, ineligible, or suspended firms).
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Principal: 1 Fiduciary Court/Judicial bonds-The principal is the individual or business being given the responsibility to manage the assets or care of another individual or business, e.g., an executor of the estate of a deceased person.
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agency n. the relationship of a person (called the agent) who acts on behalf of another person, company, or government, known as the principal. Agency may arise when an employer (principal) and employee (agent), asks someone to make a delivery or names someone as an agent in a contract.. the relationship of a person (called the agent) who acts on behalf of another person, company, or government, known as the principal. Agency may arise when an employer (principal) and employee (agent), asks someone to make a delivery or names someone as an agent in a contract.