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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. Around 63,000 home-purchase agreements were called off in July, a share equal to 16.1%

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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

Electricians are set for a 7% wage rise from 2024 after a new pay deal was hammered out by electrical contractors and union Unite under the JIB collective agreement. “This agreement gives us an opportunity to work with Unite on longer-term ambitions to update and modernise the industry to improve skills for a low carbon economy.”

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Do Project Labor Agreements Restrict Competition?

Construction Dive

By Bruce Jervis Project Labor Agreements are controversial. 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. What do you think? And, isn’t any negative impact restrictive of competition?

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GA Court of Appeals Enforces Contract Clause, Excluding Liability for Incidental Damages Where Specific Performance Is Ordered

Constructlaw

(collectively DonRob) agreed to sell, and 360 Residential LLC, 360 Sugar Hill LLC, and 360 Capital Company LLC, (collectively 360) agreed to purchase 12 acres (Site) of a 37-acre parcel of property in Sugar Hill, GA (the Agreement). Between the Agreement date and the scheduled closing date, the parties’ relationship deteriorated.

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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. .”