Remove Compensation Remove Contract Remove Legal Remove Negotiation
article thumbnail

Contracts need risk management

Construction Law

Anecdotally at least, it seems that the idea of remote legal proceedings forced on disputes by the courts being closed might have made parties more inclined to negotiate settlements, and this could at least partly account for the reduction seen in the length of time disputes take to settle. Nick Barrett.

Risk 52
article thumbnail

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. The following template is provide for sample purposes only and should not be used a legally bidding document without through review and modification by appropriate Owner legal counsel. DEFINITIONS.

Contract 100
professionals

Sign Up for our Newsletter

This site is protected by reCAPTCHA and the Google Privacy Policy and Terms of Service apply.

article thumbnail

Best Practices for Developing a Contractor’s Request for Compensation

Best Practices Construction Law

Recently, Cordell sent me a list of items that all contractors should review when developing a request for additional compensation. Review the contract terms. As you develop the claim, the contract documents are the first set of documents that you shoudl review. At this point, determine if contract procedure was followed.

article thumbnail

Tax Reform Impact on Employers and Employees

Revit OpEd

Modification of limitation on excessive employee remuneration: Under current law, an employer generally may deduct reasonable compensation for personal services as an ordinary and necessary business expense. Code Section 162(m) limits the deductibility of compensation expenses in the case of publicly traded corporate employers.

article thumbnail

Additional Insured Endorsements & How They Work in Construction

Levelset

There are several related terms that are commonly confused in insurance policies and construction contracts. AI endorsements are often required as part of the construction contract. A certificate holder is a party that requires proof that a contractor meets the insurance requirements to perform work as defined in the contract.

article thumbnail

Active Interference Wins Skee Ball Points and Precludes Enforcement of A “No Damages for Delay” Clause

Best Practices Construction Law

In construction contracts, “active interference” is a recognized exception to the enforcement of what is known as a “no damages for delay” clause. The contract contained a “no damages for delay” clause specifically making reference to delays caused by substructure contractor. Lesson Learned.

Claims 48
article thumbnail

Provide Notice (and 10 Other Tasks) When Pursuing a Construction Claim

Best Practices Construction Law

Generally, you have to make sure that you comply with the contract or insurance provisions by: (1) giving written notice of the claim; (2) to the correct party; (3) within the time required; and (4) identifying the event giving rise to the claim. Also, you will want to identify any contract interpretation issues. If not, why not?

Claims 48