article thumbnail

Legal Documents Required for Purchase of Property

CivilJungle

Legal Documents Required for Purchase of Property. But we must avoid the problem and legal situation by checking the documents required for buying property. Every construction work begins with legal approval. The actual owner of land legally sets people by way of every power of attorney. Commencement Certificate.

article thumbnail

Innovative LEAN Construction Tools

Job Order Contracting

Common Terms, Definition, including a locally researched, detailed unit price book for associated construction tasks. Planning, estimating, negotiating, procuring, managing, and closing out projects are all phases that are fully defined within a LEAN construction environment. Long-term Relationships. Financial Transparency.

professionals

Sign Up for our Newsletter

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

article thumbnail

7 Things Contractors Need to Know About Retainage

Fieldwire

Retainage is up for negotiation Retainage is not set in stone. Every contract is negotiable, including what percentage is retained and for how long. BLOG How to Streamline Construction Processes from Planning to Payments Learn more → In addition, the same contract has a provision for negotiating variable retainage.

article thumbnail

Selling Your Home Building Company? Here's What to Expect

Pro Builder

Each community and asset in your portfolio requires diligence, legal paperwork, and closing documents. You will evaluate the bids, negotiate price and major deal terms, eventually select a “winner,” and then enter into a non-binding letter of intent (LOI). In this sense, the seller controls the timeline. Who is buying your company?

Deals 52
article thumbnail

Estimating Construction Costs for Job Order Contracts

Job Order Contracting

Elimination of legal disputes. Number of owner/contractor negotiations. JOC work order/task order checklist including clear definition of acceptable JOC projects. % As an owner, what should you expect from a JOC Program? A low change order rate 5%-16% or lower. Faster project delivery. Reduced procurement costs. Project on time.

article thumbnail

Setting up a Job Order Contract Using Best Management Practices

Job Order Contracting

Definitions. d) An indefinite-delivery, indefinite-quantity (task order) contract which provides for the use of negotiated, definitive, bilateral orders (i.e., through discussions and negotiations. d) Negotiations. (1) 1) Negotiations on orders of specified value or greater not begin without an owner estimate. (2)

Contract 100
article thumbnail

Job Order Contracting Operations Manual

Job Order Contracting

Definitions and requirements. The owner estimate or detailed analysis must be completed before receipt of the Contractor’s proposal and before negotiations take place. Negotiation of Task Order. If necessary, the Owner and Contractor must also negotiate the NPP tasks to. A memorandum of negotiations shall be.

Contract 100