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5 Legal Documents All Construction Business Owners Should Use

Construction Business Owner

While there are several documents that contractors use regularly, there are also other lesser-known legal documents that owners may find useful. The following five standard legal agreements are worth considering to help clean up your contract processes.

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Job Order Contracting – The Legal Side

Building Information Management

This is an example of Job Order Contracting from a legal perspective and that of a school district in Texas. This is NOT intended as ANY form of legal advice or counsel, but simply to share information relative to efficient construction project delivery methods. The District enters into an interlocal agreement that provides otherwise.

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What Contractors Need to Know About Surety Bonds

Construction Marketing

If you want to be a contractor, being licensed and bonded will have a major impact on your ability to work in the city and state where you live and work. Many state and local governments require that contractors who perform work above a threshold amount obtain licenses. What Are Surety Bonds? Bond Types.

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Gru Was Wrong About the Money: Court Concludes that Lender Owes Contractor “Contractually, Factually and Practically”

Best Practices Construction Law

And that’s precisely what many lenders say on distressed projects when the owner fails to make final payment and the contractor looks to the bank for funding: “We have no money for you contractor!”. The owner and contractor entered into an AIA Contract for the construction management services. in BCD Associates.,

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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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AIA releases 13 new and updated contract documents

BD+C

One of the most notable changes is a new Contractor-Subcontractor Master Agreement and accompanying work order. The new agreement allows a contractor and subcontractor to agree to a predefined set of terms and conditions that apply to multiple scopes of work.