Remove 2021 Remove Commercial Remove Subcontracting
article thumbnail

How to Make Changes & Still Make Money

Construction Business Owner

Fri, 03/26/2021 - 11:30. It’s nearly impossible to make any money when contracts allow just 10% and your subcontract only allows for 15% total overhead and profit markup on change orders, or time and material costs plus work. The typical commercial contractor’s annual overhead and profit markup look much like those in Figure 1.

Overhead 328
article thumbnail

#127:  Subcontract "Flow Down" of Prime Contract Terms

NH Construction Law

Commercial construction subcontracts frequently incorporate by reference provisions of the prime contract between the owner and the general contractor, often with language requiring the subcontractor to assume toward the general contractor all duties owed by the general contractor to the owner. 5th 658 (2021), went the other way.

professionals

Sign Up for our Newsletter

This site is protected by reCAPTCHA and the Google Privacy Policy and Terms of Service apply.

article thumbnail

National Association of Home Builders

Pro Builder

-based trade association representing more than 140,000 members involved in home building, remodeling, multifamily construction, property management, subcontracting, design, housing finance, building product manufacturing, and other aspects of residential and light commercial construction. Thu, 02/25/2021 - 13:20.

article thumbnail

Why Builders Wait to See Lower Lumber Prices

Pro Builder

Wed, 08/04/2021 - 06:00. The 2021 edition of NAHB’s “What Home Buyers Really Want” (based on a sample of 3,247 recent and prospective buyers in a survey conducted during summer 2020), notes the median price buyers expect to pay for a home is about $265,000. Why Builders Wait to See Lower Lumber Prices. For more, visit nahb.org.

NAHB 98
article thumbnail

Specifications for design-build projects

Construction Specifier

Thus, whether it is the master specifications of an architecture or engineering firm or project owner, SpecsIntact (an automated master specifications system used by several government agencies), or commercial master guide specifications, chances are the available source documents were written for DBB projects.

Design 52
article thumbnail

NAHB International Builders' Show Shifts to All-Virtual Event

Pro Builder

Among the attractions visitors can explore virtually is The New American Home 2021 by Phil Kean Designs. In addition, the National Kitchen & Bath Association’s Kitchen & Bath Industry Show (KBIS) , which has run in conjunction with IBS for the past eight years under the Design & Construction Week brand, will also take place virtually.

NAHB 52
article thumbnail

#98:  Good Faith Limits on Termination for Convenience

NH Construction Law

Such a provision was part of a commercial painting subcontract in Hate to Paint, LLC v. 218-2020-CV-0585 (Rockingham County, February 26, 2021). Ambrose Development, LLC , No. The painting sub signed a contract to paint a multi-apartment housing project being constructed in Somersworth for a price of $500,000.