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Another demolition director banned after bid rigging probe

Construction Enquirer

‘Compensation payments’ with an aggregate value of £700,000 (excluding VAT) were paid to Brown and Mason by two competitors in return for Brown and Mason’s participation in the anti-competitive agreements. Some firms produced false invoices to hide this part of the illegal behaviour.

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What Contractors Need to Know About Surety Bonds

Construction Marketing

Surety bonds are financial guarantees that are issued to ensure the individual or company who obtains the bond will perform work in a legally compliant manner and will avoid fraud and misconduct. Surety – The bonding company that guarantees the principal’s ethical operations and legal compliance by issuing the bond.

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Illinois Federal District Court Enforces Partially Executed Agreement to Arbitrate

Constructlaw

District Court for the Southern District of Illinois recently enforced a partially executed agreement to arbitrate where the party that failed to countersign demonstrated assent through its acts and conduct. Spirtas countered that the TPA was not a valid and legally binding arbitration agreement because SGLC never countersigned it.

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Illinois Federal District Court Enforces Partially Executed Agreement to Arbitrate

Constructlaw

District Court for the Southern District of Illinois recently enforced a partially executed agreement to arbitrate where the party that failed to countersign demonstrated assent through its acts and conduct. Spirtas countered that the TPA was not a valid and legally binding arbitration agreement because SGLC never countersigned it.

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Guide to Construction Services Procurement and Management

Job Order Contracting

Many, if not most, public sector procurement professionals view their role as simply shuffling paperwork to enable the bidding and contracting of construction firms as quickly as possible. The faster the process is complete the better. All that is required is owner leadership, commitment, and competency.

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

Best Practices Construction Law

But I have never really thought about that legal principle because, “People don’t really do that, do they?”. The contractor won a bid to construct a water system in two local counties. In Triangle Construction Co. Fouches and Assoc., The court disagreed.

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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. The marketing and bidding phase typically takes 45 to 60 days. 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).

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