Indemnification
Construction indemnification definition. Learn how this clause shifts risk and liability between contractors, owners, and subcontractors.
Calculation Formula
Liability Transfer = (Damages Incurred by Party A ⇄ Reimbursed by Party B) Real Contractor Example
A subcontractor's employee gets hurt on site. The sub's contract indemnifies the GC from any legal claims arising from that injury.
Put This Into Practice
Knowing the definition is step one. RemodelFin tracks this in real time on every job — no spreadsheets.