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Not Just An Old Wives’ Tale: Negotiating “Paid In Full” Check Binds Contractor

Best Practices Construction Law

Upon completion of the project, the owner sent contractor a check marked “Final Payment,” but the check did not compensate the contractor for its increased construction costs as a result of the delays or for the extra-contractual project expansion. The “paid in full” principle is not just an old wives’ tale.

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How to File a Lawsuit After an Injury At a Construction Site?

Construction Marketing

Help with negotiations This can be difficult, as insurance companies are often reluctant to pay large settlements. An experienced attorney will know how to negotiate with insurance companies and fight for the best possible settlement for you. You should consult an experienced attorney to get specific advice about your situation.

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4 ways to prepare for a negotiation

BD+C

One of my negotiation training clients asked me for help in getting ready for a job interview and how to position herself to negotiate the best compensation offer. We talked for a bit about the company she was interviewing with.

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Pricing and sales compensation: Making it work

Construction Marketing Ideas

Pricing and sales compensation are among the messiest aspects of business. The publication’s sales representatives negotiated deals with advertisers way below the publication’s rate card — and (to add to the problem), the publication had no system to manage and monitor overdue accounts.

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Why Separating Buyer Agent and Listing Agent Commissions Would Stir Up Competition

Pro Builder

Separate commissions would cause a steep price decline if buyers could negotiate fees directly with their agents. Listing agents and their sellers currently must offer a fixed compensation to buyer agents, and fees for the services of real estate agents are deducted from the seller’s total earnings. Thu, 01/13/2022 - 10:23.

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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. You are going to go back to the original scope of work to see if that was well defined, and changes have been made either in the field or as part of a negotiated, detailed change.

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The pros and cons of becoming a subcontractor

Fieldwire

Because subcontracts are negotiated rather than bid upon, you may not need bonds for subcontracts. If the project isn’t finished due to events outside of your control — or if payment negotiations between the general contractor and primary client break down — you may be caught waiting for compensation on finished work and used materials.