article thumbnail

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.

Legal 520
article thumbnail

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.

Legal 265
professionals

Sign Up for our Newsletter

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

article thumbnail

City of Hartford to pay $10M to settle contractor termination case

Construction Dive

The mayor of the Connecticut city said the agreement will end a seven-year legal saga over the Colorado Rockies’ Minor League ballpark.

article thumbnail

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.

article thumbnail

Good Faith and Fair Dealing: The Essence of Construction Agreements

Constructonomics

On construction projects, contractors, owners, and subs will fire contract language back and forth like missiles in what gets to be an arms race of legalities that negatively affects projects by creating panic and anxiety. Things get much more muddled when contract language, and legalities are entered into the mix. Berkeley.

Agreement 219
article thumbnail

7 Things Contractors Need to Know About Retainage

Fieldwire

Construction is one of the hardest industries to manage cash flow in, with contractors often facing large up-front costs and frequent, long delays between expenses and payment. The basics of retainage Retainage, also called retention, is an amount withheld from the contractor until a later date.

article thumbnail

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.,