Contracts are for lawyers, or at least they should be. General Contractors, subcontractors, and just about everyone else involved in the construction industry is faced with more and more contracts every year. The more familiar you can be with how … Read More
Many contracts in the construction industry include clauses relating to liquidated damages, a form of damages where the amount liable upon breach can be found in the contract itself. Liquidated damages are meant as a fair representation of losses in … Read More
How does the schedule of values affect your contract? Most contractors and subcontractors believe that a good and enforceable contract is all that is needed to protect their rights. While there is some truth in that belief, it remains incomplete. … Read More
In the construction industry, contractual relationships between a general contractor and various subcontractors are the norm. It’s simply the way business is done. The general contractor may not perform any work at all on the project and can be seen … Read More
Every subcontractor working in the construction industry understands the importance and value of a lien in protecting their rights against unpaid bills. But many subcontractors are unaware that there is a required procedure in establishing a lien, including two types … Read More
A big state with a huge economy and complex laws, the laws relevant to the California Prompt Payment Act are found in numerous places throughout its legal code. From the Business and Professions Code to the Civil Code, they govern … Read More
A Notice of Lien sometimes called a preliminary notice, is sent early in a project so as to notify contractors, owners, and lenders that you are working on the project.
Construction projects for the Federal Government, and also generally for State and local governments, provide workers and suppliers a guarantee of payment by the posting of payment and performance bonds. This gives the contractors and material suppliers on a project … Read More
KNOW THE DIFFERENCE: CONDITIONAL VS. UNCONDITIONAL WAIVER AND RELEASE UPON FINAL PAYMENT When working in construction, you regularly sign lien release forms before receiving payment. In some states, these forms are standard. from experience, you’ll probably know exactly what it … Read More
When it comes to schedules and timelines for construction projects, those with experience will agree there are too many possibilities of curve balls that just cannot be accounted for. However, if theres one thing all players involved expect, it’s to … Read More
