Remove Agreement Remove Bidding Remove Contractors Remove Subcontracting
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Subcontract Formation Frequently Not Pretty

Construction Dive

By Bruce Jervis Subcontract formation is a problematic aspect of construction contracting. Work is defined and prices are quoted before the prime, or general, contractor has even bid on the project. Prime contractors usually have “standard” subcontract forms, terms and conditions to which a subcontractor may object.

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Winning More Construction Bids: A Complete Guide

Autodesk Construction Cloud

Construction bids are critical to winning more work, so it pays to have a solid understanding of what they entail and what you can do to improve your bidding performance. . In this comprehensive guide, we’ll cover everything you need to know about construction bids. What is the Construction Bidding Process?

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Digital Builder Podcast Ep 22: How Specialty Contractors Can Navigate Contracts & Get Paid On Time

Autodesk Construction Cloud

Owners pass on certain risks (contractually) to general contractors, who may do the same thing when hiring specialty contractors. For this reason, construction professionals must find better ways to craft and negotiate agreements. The GC then hires contractors, which is where the subcontractor agreement comes into play.

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IDIQ Construction Contract Guide

Job Order Contracting

Definition: IDIQ construction contracts are Indefinite Delivery Indefinite Quantity construction agreements that may or may not have associated detailed construction delivery processes and workflows. . No ability to subcontract—limited to trade specified in the contract. Streamlines post-bidding award, security clearances, etc.

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The Best Way for Trade Contractors to Stay Out of the Courtroom

Pro Builder

The Best Way for Trade Contractors to Stay Out of the Courtroom. The best way for specialty trade contractors to stay out of the courtroom is to manage their clients’ expectations. Contract Essentials for Building Trade Contractors. Trade Contractors. Tue, 07/20/2021 - 07:00. Karalynn Cromeens. Labor Woes? Project Scope.

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Subcontractor Default Insurance: Pros & Cons for General Contractors

Levelset

In recent years, inflation, supply chain issues, and labor shortages have only increased the likelihood of project delays, performance issues, and contractor default. While general contractors commonly use performance bonds to reduce the risk of default, a bond ultimately protects the property owner, not the GC.

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Marketing In The Construction Industry – Everything You Need To Know

Help Everybody Everyday

General Contractor. Trade Or Specialty Contractor. When a general contractor is hired to build a project, they typically “hold the contracts.” But they’ll also have contracts with trade or specialty contractors who are building specific pieces of the project (like the electrical work, for example).