Blockchain: Automating Construction Contract Performance and Legal Notifications
Blockchain can bring dramatic changes to the construction industry by automating contract performance tracking and fulfillment and automating contractual and legal
Protect the Bottom Line With a Price Escalation Clause
A price escalation clause can be inserted into any contract as a way for subcontractors or contractors to recover some or all of materials cost increases on a project.
Keep Text Messages From Changing Contract Terms
Whether a text message can change a contract between parties is debatable in courts. Contracts should limit the effect of text messages and the scope of authority
Prompt Payment Statutes to the Rescue
Prompt payment statues may not always force a faster payment, but they can provide leverage and some level of compensation for slow and late payments.
From the Ground Up: Six Must-Haves for Starting a New Construction Company
When starting a construction company, there are six things to have in place. Read about them here.
This Job Would Be Great if It Wasn’t for . . .
Manage difficult or inexperienced owners and their expectation by including contract provisions that reduce their ability to delay a project, withhold payment or
Now Is the Time to Master These Construction Fundamentals
Now is the time for contractors to take a look as licensing, insurance, contracts, credentials, training and processes to prepare for what comes next and what will
Contract Provisions That Help Manage Risk on Long-Term Projects
There are contractual provisions that can provide clear guidance in the face of many “what ifs” in construction, such as cost increases or delays caused by the
Three Things to Consider When Buying or Selling a Construction Company
When buying or selling a construction business, consider licensing issues and what assets transfer to the buyer and which will be disbursed to the seller.
Construction Lien Waiver Provisions Contractors Should Be Using
Not all lien waivers are created equal. While lien waivers include a release of liens, they can also include language on payment to lower-tier subs, indemnification
Contractor Liability for Subcontractor Employee Wages
State statutes and the contract may determine whether a contractor is liable when a subcontractor fails to pay appropriate wages.
Techniques for Resolving Construction Disputes
Without dispute resolution mechanisms in a contract, disputes are resolved through litigation, which could set a contractor up for costly legal fights.
Technology, Contracts and Jobsite Safety
Contracts should specify that technology requirements are in addition to other safety requirements, and that compliance with relevant codes and regulations is required.