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Home » Topic » Legal and Regulatory

Construction Contractors Must Understand Retainage In 2021

by Ed Williams | Apr 28, 2021
Accounting | Business | Business Development | Contracts | Finance | Legal and Regulatory | Project Delivery | Project Management

Here is a guide to help contractors understand retainage and learn the process to manage it, with bonus facts that can be helpful when dealing with retainage in real-world scenarios.

Small Businesses Get Tax Credit for Providing Vaccine PTO

by Peter Comstock | Apr 27, 2021
Legal and Regulatory | Legislation | Taxes

On April 21, President Biden announced a paid leave tax credit under the American Rescue Plan Act (H.R. 1319) that will help offset the cost for employers to provide full pay for any time their employees need to get a COVID-19 vaccination.

Construction Site Injuries: Avoiding and Limiting Liability

by Steven Gonzalez, Aaron Cohn | Apr 26, 2021
Contracts | Insurance | Legal and Regulatory

A general contractor's workers’ comp insurance may not cover sub-subcontractors or third parties. The right insurance needs to be in place, and proper risk management is key to get the full benefit of all insurance.

Strategies for Resolving Disputes Arising Mid-Project

by Mackenzie Bell, Shoshana Rothman | Apr 23, 2021
Dispute Resolution | Legal and Regulatory | Surety Bonding

When disputes arise in the midst of a project, contractors should explore alternative dispute resolution methods that can help save time and money–along with relationships and the project itself.

High Safety and Quality Standards Aren’t Just for Government Projects

by Sean Miller, Dave Montoya | Apr 16, 2021
Business | Business Development | Departments | Legal and Regulatory | Regulations

Getting safety and quality right is imperative in construction. Not only does it ensure that employees go home safely to their families each night, but projects are run seamlessly with no unnecessary glitches, expensive rework [...]

Key Legal Considerations for Modular Construction Contracts

by Frederick E. Hedberg | Apr 15, 2021
Contracts | Insurance | Legal and Regulatory | OSHA | Surety Bonding

Modular construction projects involve complex commercial and legal issues that should be considered when drafting contracts. ConsensusDocs 753 addresses key issues of these hybrid transactions.

Mitigate Construction Risk Through Use of Contingency

by Laurie A. Stanziale | Apr 15, 2021
Contracts | Legal and Regulatory

Contingency is built into the bid to address unforeseen costs. The contract should address its permitted uses, whether owner approval is required, dispute resolution; and who gets any savings.

The PRO Act’s Legislative Limbo and Its Impact on the Construction Industry

by Vance Walter | Apr 6, 2021
Legal and Regulatory | Legislation

With new Democratic majorities in both House and Senate and with President Biden in the White House, the PRO Act has emerged as a real threat for many industries opposed to its anti-competitive provisions.
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