Smart contracts, backed by blockchain technology, can improve capital project payment terms, cash flow and trust along with eliminating contract leakage and freeing up working capital.
Construction Contracts Need Amending Post-COVID-19 Shutdowns
COVID-19 is going to be here for a while. Contractors and owners need to amend contracts, as appropriate, to protect themselves from incurring unforeseen additional expenses. This should include a clause on when the project should be terminated or paused to protect the interests of both parties.
Topic 606: A Retrospective Review of Revenue From Contracts With Customers
The most significant impact of Topic 606 on construction contractors’ financial statements relates to the presentation of contract assets and contract liabilities, and the disclosures associated with Topic 606. The recording of what is known as “the cost to fulfill a contract” is another area that has been affected.
Best Practices for ESI Collection in Construction Litigation
The key to successful electronically stored information collection is to build a solid foundation before trouble arises with prepared policies and procedures in place.
Protect Employees From Sexual Harassment and Discrimination
Sexual harassment and discrimination in construction is more prevalent than many executives are aware. Ignoring it endangers employee safety and cost a company time, money and reputation.
Guidance for Construction Leaders: How Is the Americans With Disabilities Act Applied During the Pandemic?
Here are three common scenarios contractors may face in their workforce during COVID-19, and EEOC guidance on how to handle each while adhering to the ADA and keeping employees safe.
Competing Infrastructure Plans Depend on Crisis Legislating
Election-year politics will only further entrench partisan posturing in the fight over COVID-19 legislative battles, which have now embroiled infrastructure.
Pandemic Protection: Allocating Risk in Construction Contracts Through the Uncertainty of COVID-19
The best time to protect against the adverse impacts of a force majeure event, such as a pandemic, are during the financing and contracting portions of upcoming projects.











