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The Second Best Way to Mitigate Your Risk in Green Building

Green Building Law Update

The best way to mitigate risk in your green building project are properly drafted contract documents prepared by this law firm or by another attorney with green building experience. The document is simply that good. The American Institute of Architects has published standard form construction industry documents since 1888.

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What Contractors Need to Know About Surety Bonds

Construction Marketing

Surety bonds are financial guarantees that are issued to ensure the individual or company who obtains the bond will perform work in a legally compliant manner and will avoid fraud and misconduct. Surety – The bonding company that guarantees the principal’s ethical operations and legal compliance by issuing the bond.

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Construction Risk Management: What to do when your project goes wrong

Lets Build

There is a number of parameters that you should think about and an efficient management of the risk is surely necessary. In other words, you can’t really define risk on the exact same way in every construction project. Even within the same project, there may be distinct sources of risk. Types of risk in construction.

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How to Avoid Disputes in Construction

Construction Marketing

What follows next is a fierce legal battle that puts both the contractor and the investor on the losing end. Having a gentleman’s agreement is the worst mistake you could ever make. Since putting up a house or a facility is an expensive affair, you risk losing huge amounts of money in case the structure doesn’t meet your needs.

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Green Building Data Risk as an Opportunity

Green Building Law Update

business seeking to mitigate the risk associated with data protection. It is the unsophisticated who will encounter legal issues and be left holding the bag. Contract documents involving real estate must now prescribe who owns the building data. That Agreement and more should be part of every contract of sale for a LEED project.

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Better Manage Construction Costs Schedules and Quality

Job Order Contracting

The errors and poor processes result in change orders, project delays, and legal disputes. It is defined within and Lean environment government by a long-term multi-party agreement and associated written Operations Manual / Execution Guide. 10% are due to equipment and/or materials delays, most off which could have been foreseen.

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Arbitration is Why There is So Little Litigation in Green Building

Green Building Law Update

Legal scholars can have at it. With over a million contract documents licensed on an annual basis, the AIA’s form construction documents are the most widely used contract documents in the industry. LEED Certification Agreement has a mandatory arbitration provision. The Supreme Court, in American Express v.

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