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7 Things Contractors Need to Know About Retainage

Fieldwire

It’s fairly common, especially on commercial and public construction projects, and typically ranges from 5 - 10% of the total contract price. So on a $100,000 contract with 10% retainage, the contractor doesn’t have to fork over ten grand at the beginning. Retainage is up for negotiation Retainage is not set in stone.

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Job Order Contract Execution Guide – Sample Template

Job Order Contracting

A Job Order Contract Execution Guide is a required element for any successful, best management practice JOC Program. JOB ORDER CONTRACT (JOC) EXECUTION GUIDE. The contract may consist of a collection of proposed institutional facilities type projects. The JOC will remain in effect for one year from date of contract award.

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Construction Contracts Online: ConsensusDOCS and AIA Go Head-to-Head

Best Practices Construction Law

Last month, ConsensusDOCS released an entirely new online platform to deliver its construction form contracts. ENR journalist Johanna Knapschaefer wrote a good piece about " ConsensusDOCS Contract Library Takes to the Cloud, " where she described the real-time collaboration needed for contract negotiations.

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The American Institute of Architects Unveils New, Updated AIA Contract Documents

Construction Superintendent Magazine

. – The American Institute of Architects Contract Documents team announced several additions and updates to its suite of offerings: a new family of Program Management documents; a new, free Guide for Small Projects; an updated Guide for Sustainable Projects and updated BIM and Digital Practice Documents. frontpage'

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Construction Contracts: Mediation Is A Great Alternative To Litigation

Construction Law Monitor

Do Construction Contracts Contain Mediation Clauses? It depends on the contract. Many American Institute of Architects (AIA) form contracts will allow for an option to include both a mediation and arbitration clause for alternative dispute resolution. Do not sign contracts unless they have a mediation clause.

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Litigation Topics for Prime / Subcontractor Contracts

Construction Law Monitor

I had a speaking engagement today here in Kenner, Louisiana (a suburb of New Orleans) whereby I had the pleasure of speaking to a group of contractors and architects regarding construction contracts. The bulk of the discussion focused on the most contested provisions within construction contracts. Prime/Subcontractors Contracts.

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#100:  Dealing With Rising Costs

NH Construction Law

In the “cost-plus-a-fee” or “time and materials” mode of contracting, materials price increases are generally passed on to the owner – but even here, guaranteed maximum price (GMP) provisions often cap the contractor’s ability to pass on price increases to the owner. And the trend continues to be up.

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