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Buyers Back on Top—Market Cooldown Boosts Negotiating Power

Pro Builder

Buyers Back on Top—Market Cooldown Boosts Negotiating Power. A more balanced market is putting buyers back into the driver's seat, and those who can still afford home purchases are backing out of deals and capitalizing on their bargaining power. Wed, 08/17/2022 - 10:41. of all homes that went under contract that month.

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Bargaining Room v. False Claims: 5 Tips for Negotiation of Construction Claims

Best Practices Construction Law

The issue raises an important question: What should a contractor do during negotiations to allow for some “bargaining room” so as to avoid any appearance of filing a false claim? Owners often begins negotiations from the opposite end of the spectrum for the same reasons. Do not negotiate against yourself.

Claims 69
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Sparks agree 7% wage increase from 2024

Construction Enquirer

Electrical Contractors’ Association chief negotiator Andrew Hutchins said: “The last few years have been difficult, and it is beneficial to have some certainty at a time when the wider economy is unpredictable. The two-year deal for the industry also includes a 5% uptick in rates from 2025.

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Should “Prevailing” Wages Be Tied to Union Rates?

Construction Dive

Too often, say critics, the “prevailing” wages are the same as those negotiated in collective bargaining agreements. Featured …“Prevailing” Wages Based Solely on Union Bargaining AgreementsContractor Payments to Sub Seized by Bank

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#125:  Pay-if-Paid Clauses and Contractor Default

NH Construction Law

Can its decision to give up money in a settlement agreement rather than litigate the owner’s claimed justification for nonpayment effectively bargain away the subcontractors’ right to payment under a pay-if-paid provision? Quinn Construction, Inc. Skanska USA Building, Inc. , 730 F.Supp.2d 2d 401, 421 (E.D. 773, 781 (1988).

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Client Relationships: 3 Reasons You Should Listen If Your Commercial Contractor Tells You No

HardHatChat

Working with a commercial contractor on a negotiated-bid basis, as Englewood Construction does with long-term client American Girl, can minimize the likelihood you’ll hear “no” from your GC during the bidding process. As a national commercial contractor , we are first and foremost in the business of customer service.

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Do Project Labor Agreements Restrict Competition?

Construction Dive

These are pre-hire agreements between a general contractor or a construction manager and a designated collective bargaining representative for all labor on the project. Labor is not restricted to union members, although non-union labor must be hired through union halls and paid the negotiated rates.