Contracts

Four Habits to Adopt for Safer Credit, Better Contracts and Faster Payments

With increased economic uncertainty, a rise in bankruptcies and continuing COVID-19 regulations, these four habits will help construction businesses protect their bottom line in 2021 and beyond.

Protect the Bottom Line With a Price Escalation Clause

by Jason Lambert | Feb 1, 2021
Contracts | Dispute Resolution | Legal and Regulatory

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.

Building Resiliency and Winning New Work During Uncertain Times

For years, industry leaders have been discussing declining construction productivity and the need for the industry as a whole to move away from aged practices and toward more productive digital processes.

Pressing Pause and Pressing Stop: The Strategic Use of Contractual Suspension and Termination Rights

by James T. Dixon | Jan 31, 2021
Contracts | Dispute Resolution | Legal and Regulatory

Termination disputes can be costly, so contractors should understand their options and negotiate favorable terms before work begins.

Powering Goal Congruence in Construction Through Smart Contracts

by Michael Matthews | Jan 22, 2021
Contracts | Productivity | Technology

A blockchain record can allow smart contracts to bring counterparties together, freeing them to invest their energies into analysis, collaboration and continuous improvement activities.

Four Important Contract Considerations for Successful Green Building Projects

by E. Mitchell Swann | Jan 18, 2021
Contracts | Legal and Regulatory

In green development contracts, initial expectations may create excitement about the project, but these issues can also increase the risk of liabilities for missed opportunities.

Satisfaction of Lien Generally Requires Payment of Legal Fees

Liens are the go-to tool for contractors when payment is in jeopardy. Once filed and recorded, the lien encumbers the real property where the work has been done. For the property to be released from the lien, the lien needs to be satisfied. Sounds simple, but sometimes things get complicated.

Get Ready for the New Lease Standard

by Robert Mercado, Michelle Johnson | Dec 14, 2020
Accounting | Business | Contracts | Finance

ASU 842 was set to take effect for December 2020 year-ends, but was deferred due to the pandemic. Contractors should take the extra time to understand how management and outside credit-extending companies will view their financial statements under the new standard.

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Four Habits to Adopt for Safer Credit, Better Contracts and Faster Payments

Protect the Bottom Line With a Price Escalation Clause

Building Resiliency and Winning New Work During Uncertain Times

Pressing Pause and Pressing Stop: The Strategic Use of Contractual Suspension and Termination Rights

Powering Goal Congruence in Construction Through Smart Contracts

Four Important Contract Considerations for Successful Green Building Projects

Satisfaction of Lien Generally Requires Payment of Legal Fees

Get Ready for the New Lease Standard

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Legal Implications of the War in Ukraine for Contractors

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