Contractor Connection

JUNE 22, 2017

Having a clear, comprehensive contract with your general contractor is one of the most important aspects of a successful home remodeling or renovation project. A contract protects you, your budget, and your property, so make sure to consider the following as you negotiate your agreement: Licensing. Scheduling. Scope of work.

Contract 72

Contract Remodeling Insurance Schedule 72

Levelset

SEPTEMBER 6, 2022

In short, an additional insured is typically another business entity or person who can be added to your business policy, securing the same liability protection that you do. There are several related terms that are commonly confused in insurance policies and construction contracts.

Insurance 52

Insurance Liability Construction Contract 52

Construction Law

MAY 2, 2024

Guest editor JCT 2024 ducks the difficult issues JCT’s Design and Build contract has been updated for the first time in eight years. Paul-Raphael Shehadeh of Duane Morris analyses a dispute that will be of great interest to insolvency and international arbitration practitioners, that highlights the benefits of a negotiated dispute settlement.

Construction 52

Construction Legal Cash Flow Insurance 52

Construction Law Monitor

SEPTEMBER 10, 2015

If you’re about to sign a construction contract, you need to be aware of some important clauses that may and/or should be incorporate into your contract. Certain clauses are critical for any contract to effectively protect your rights and minimize your liabilities. We understand that contracting is never easy.

Contract 40

Contract Construction Compensation Negotiation 40

Construction Law Monitor

SEPTEMBER 10, 2015

If you’re about to sign a construction contract, you need to be aware of some important clauses that may and/or should be incorporate into your contract. Certain clauses are critical for any contract to effectively protect your rights and minimize your liabilities. We understand that contracting is never easy.

Contract 40

Contract Construction Compensation Negotiation 40

Construction and Infrastructure Law

JANUARY 9, 2020

Indemnification clauses appear in nearly every agreement, but they are often overlooked as mere boilerplate provisions after the parties have painstakingly negotiated all of the other terms. Any party who could face potential liability should be included as an indemnified party. This is an easy way to avoid unexpected liability.

Liability 90

Liability Agreement Drafting Insurance 90

Building Information Management

JUNE 6, 2016

Job Order Contract Execution Plan. Goals for Job Order Contract. High satisfaction – Owner/Contract/Building Users. High satisfaction – Owner/Contract/Building Users. JOC Contract Execution Roles and Organization. Establish a process to improve renovation and repair project productivity and quality.

Contract 40

Contract Plans Estimating Contractors 40

Constructlaw

FEBRUARY 21, 2023

The state of Iowa hired Lunda Construction Company (Lunda) as the general contractor for the project, which contracted Industrial Steel Construction, Inc. A breach of contract dispute arose between Lunda and ISC that resulted in an arbitration pursuant to the contractual dispute resolution provisions. Lunda Construction Company , 33 F.4th

Iowa 52

Iowa Contract Agreement Mississippi 52

Construction and Infrastructure Law

JANUARY 9, 2020

Indemnification clauses appear in nearly every agreement, but they are often overlooked as mere boilerplate provisions after the parties have painstakingly negotiated all of the other terms. Any party who could face potential liability should be included as an indemnified party. This is an easy way to avoid unexpected liability.

Liability 52

Liability Agreement Drafting Insurance 52

Building Information Management

APRIL 25, 2016

Subpart 5117.90 – Job Order Contracts. Job order contract” means an indefinite-delivery, indefinite-quantity contract which is awarded on the basis of full and open competition and effective competition and is used to execute sustainment, restoration and modernization projects at installation (post, camp, or station) level.

Contract 40

Contract Negotiation Office Estimating 40

PSMJ Resources

JULY 10, 2013

With an uncertain economic climate, the emphasis on solid contract terms is increasingly vital to a firm''s financial success. Most clients are demanding more work for lower fees, and firms that do not reexamine the terms of their contracts usually find themselves without enough income to break even, let alone make a profit.

Profitability 43

Profitability Contract Negotiation Debt 43

Construction Dive

JULY 23, 2014

On the other hand, the design professional contracts with the project owner, not the constructors. The designer’s responsibilities – and liabilities – are to the owner. The court said risk and responsibility on construction projects is customarily allocated by a chain of contracts. ” Read more.

Drawings 56

Drawings Contractors Design Liability 56

Federal Construction Contracting Blog

JUNE 24, 2022

involved an IDIQ contract for renovation work at Langley Air Force Base. Claims under TOs 22 and 25 were the subject of a contracting officer’s final decision, the denials of which T.H.R. appealed to the Armed Services Board of Contract Appeals (ASBCA). appealed to the Armed Services Board of Contract Appeals (ASBCA).

Agreement 52

Agreement Claims Contract United States 52

Constructlaw

JUNE 17, 2022

But two recent state-court decisions evidence a change in that trend: Both held that the Economic Loss Doctrine bars fraud claims because parties to a commercial contract — often sophisticated and represented by counsel — allocate risk, prescribe damages, and rely on the terms of the bargain.

Colorado 52

Colorado Tennessee Claims Contract 52

Construction Cost Estimating

NOVEMBER 8, 2017

The candidate should contain at least 5 years experience and onsite experience with contracts with regard to residential housing / Offices / Warehouse construction. Duties and liabilities: • Costings and budgets formation for the allotted projects. Estimate, value, submit and negotiate contract variations.

Estimating 40

Estimating Cash Flow Negotiation Procurement 40

Best Practices Construction Law

SEPTEMBER 5, 2018

Many times, the parties’ contract will dictate whether the contractor can recover delay damages or will be limited to a time extension for delays beyond the contractor’s reasonable control. The general contractor in McLeod filed a malpractice action against the architect on a public contract for the City of Miami. In Perez-Gurri v.

Claims 54

Claims Miami Contract Liability 54

Construction Law Monitor

AUGUST 9, 2011

Liberty Mutual Insurance Company (“Sloan”), the US Court of Appeals for the Third Circuit has an in depth discussion regarding some technical yet very important clauses found within many construction contracts between general contractor, subcontractors, owner and the surety. Brennan’s The Construction Contracts Book.

Agreement 57

Agreement Contract Insurance Construction 57

NH Construction Law

FEBRUARY 27, 2021

In an earlier blog ( #62 ) I discussed the implied covenant of good faith and fair dealing that limits a contracting party’s exercise of the discretion afforded to it by the parties’ contract. The jilted sub sued for breach of contract and breach of the Consumer Protection Act. Ambrose Development, LLC , No.

Contract 40

Contract Subcontracting Deals Bidding 40

NH Construction Law

MAY 20, 2023

The Court relied on the general rule of contract law that “Where a promisor ‘prevents or hinders’ fulfillment of a condition which otherwise would have been fulfilled, ‘performance of the condition is excused’ and the promisor’s liability is ‘fixed’ regardless of the condition’s non-fulfillment.”

Contractors 40

Contractors Bargains New Hampshire Contract 40

Construction Cost Estimating

SEPTEMBER 19, 2017

Liabilities of a Quantity Surveyor: A Quantity Surveyor (QS) is a professional who mainly deals with construction costs and contracts associated with the Construction Industry. Once tenders are approved, the Quantity Surveyor arranges cash flow data for the client to outline his resources sufficiently to fulfill contract commitments.

Cash Flow 40

Cash Flow Construction Estimating Contract 40

Levelset

JUNE 6, 2022

The rate of retention is stipulated in the construction contract and can often be negotiated. Both retention accounts are shown as current assets and current liabilities, respectively. Plus, not recording retention payable leads to the understating of a company’s liabilities. Fariba Mehdian. View profile.

Accounting 98

Accounting ABC Banking Liability 98

Construction Lawyer

MAY 2, 2012

The cases with which he has been involved are varied and wide-ranging and include personal injury, breach of contract, criminal defense, commercial disputes, and consumer fraud. Sabo & Zahn LLC is an Illinois Limited Liability Company. Construction Contracts arbitration provision is separable, based on Rent-A-Center. Disclaimer.

Contract 40

Contract Illinois Legal Construction 40

Construction Law Monitor

APRIL 29, 2014

A corporation or limited liability company is not an individual. Other options : – Informal negotiations or ADR clause are other options. Once you have been sued and within the time frame to answer, you and/or your company could engage in informal negotiations with the adversary. Louisiana Arbitration Law.

Contractors 68

Contractors Louisiana Contract Negotiation 68

Autodesk Construction Cloud

SEPTEMBER 1, 2022

A contract’s a contract, right? There are many construction contract types out there. Knowing which contract to use when is critical to ensuring a successful outcome in delivery, customer satisfaction, and profit. A construction contract agreement gets everyone involved in a project on the same page. .

Contract 98

Contract Maine Construction Agreement 98

Constructonomics

JANUARY 28, 2010

IPD is a negotiated form of project delivery where risk and reward are shared among the owner, architect, prime contractor, and sometimes even subcontractors. Multi-Party Contract. Liability Waivers Among Key Participants. Sometime I think that there has go to be a better way. Shared Risk and Reward.

Bidding 149

Bidding Negotiation Liability Risk 149

Construction Business Owner

DECEMBER 1, 2011

Tip #1: Negotiate Fuel Costs. Before you go down the negotiating path, be sure you know your overall consumption by gallons. Public Exposure and Liability on Construction Sites. They shared these tips and tricks with me on fuel management. Hopefully you’ll find them as helpful as I did. August 2012. April 2012. March 2012.

Construction 137

Construction Software Software US 137

Job Order Contracting

JANUARY 5, 2017

Things Contractors Should Know About Job Order Contracts. As a construction contractor considering a Job Order Contract (JOC), it is critical to be aware that all JOCs are not the same. Here are a just a few things contractors should know about job order contracts. Will you earn a reasonable profit? Army and U.S.

Contract 100

Contract Contractors Consulting Software 100

Contractor Bookkeeping

JUNE 20, 2014

General Liability and Auto/rental equipment insurance can help protect you and your company against claims for personal injury and property damage, and may provide you with legal defense of those claims. Contracts - We recommend seeking the advice of a qualified construction attorney to put together a contract that fits your specific needs.

Insurance 48

Insurance Construction Accounting Claims 48

Construction Business Owner

FEBRUARY 16, 2012

Many contractors negotiate payment due dates with their vendors to get themselves out of short-term cash binds. Public Exposure and Liability on Construction Sites. It is well received by banks when you are aware of your weaknesses and are seeking ways to mitigate them. Committing Intentional Project Communications. August 2012.

Banking 120

Banking Construction Cash Flow Finance 120

Contractor Bookkeeping

JUNE 15, 2012

General Liability and Auto/rental equipment insurance can help protect you and your company against claims for personal injury and property damage, and may provide you with legal defense of those claims. Contracts - We recommend seeking the advice of a qualified construction attorney to put together a contract that fits your specific needs.

Contractors 48

Contractors Insurance Claims Lien 48

Autodesk Construction Cloud

OCTOBER 21, 2022

Since a general contractor often contracts out these key project elements, understanding the construction bidding process is important for all involved. Contract negotiation and formation. Once the owner selects a bid, they’ll move on to the contract negotiation and formation stage.

Bidding 52

Bidding Construction Contractors Contract 52

PSMJ Resources

MARCH 31, 2014

Maybe you contracted for some training on your building information management system. Fees must adequately cover training, professional development, ample profit, and future liability. Consider the fees that your firm has paid out to other professionals in the last six months. How much does your accountant charge per hour?

Profitability 52

Profitability CAD Negotiation Liability 52

Contractor Bookkeeping

JANUARY 2, 2015

General Liability and Auto/rental equipment insurance can help protect you and your company against claims for personal injury and property damage, and may provide you with legal defense of those claims. Contracts - We recommend seeking the advice of a qualified construction attorney to put together a contract that fits your specific needs.

Construction 48

Construction Insurance Accounting Claims 48

Revit OpEd

DECEMBER 22, 2017

Finally, the provision adds a transition rule for compensation that is provided pursuant to a written binding contract which was in effect on November 2, 2017. Under the transition rule, compensation provided pursuant to a contract that qualifies for the rule will not be subject to the changes made by the Tax Bill. Observations.

Employment 85

Employment Compensation Agreement Income 85

Construction Business Owner

APRIL 4, 2011

– will ultimately determine if you are on the bid list or in the negotiating room for the next project. Public Exposure and Liability on Construction Sites. As the general contractor we will have ultimate responsibility for the construction quality and fit and finish of the facility. Committing Intentional Project Communications.

Construction 120

Construction Software Software Accounting 120

Contractor Bookkeeping

MAY 5, 2014

They may call your contracting company for future work or they may decide to shop the competition and use the information they find to negotiate for a lower price. The Balance Sheet is the summary report which shows all of the assets minus the liabilities which equals the "Book Value" or owner''s equity.

Cash Flow 48

Cash Flow Agreement Profitability Contractors 48

Construction Lawyer

APRIL 3, 2012

The cases with which he has been involved are varied and wide-ranging and include personal injury, breach of contract, criminal defense, commercial disputes, and consumer fraud. Sabo & Zahn LLC is an Illinois Limited Liability Company. The Subcontract incorporated the terms and conditions of the Prime Contract by reference.

Claims 40

Claims Agreement Illinois Subcontracting 40