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Improving Your Business Negotiation Skills As A Contractor

Contractor Bookkeeping

One of them is negotiating contracts. Owning your business requires many skills, and among the most important might be the ability to manage negotiations. As a business owner, you could find yourself negotiating in many circumstances, such as: Salary and job expectations with a potential employee. Lease or property agreements.

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

Best Practices Construction Law

the Court of Appeals of Mississippi held that the PAID IN FULL principle—or what lawyers know as accord and satisfaction —barred a contractor’s claim for additional payment. The contractor won a bid to construct a water system in two local counties. Fouches and Assoc., The court disagreed.

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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.

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The Value Of Service Agreements In Your Construction Company

Contractor Bookkeeping

Service agreement holders are more likely to be clients who add more value to your construction company because they represent your customer base's most loyal segment. Every service agreement customer represents future work. Non-service agreement customers are more likely to be customers and fickle.

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Construction workers secure 7.6% pay increase

Construction Enquirer

Construction unions and contractors have agreed a pay increase from next month of at least 6% for around 500,000 site workers operating under the Construction Industry Joint Council agreement. Click here for full agreement details. In a two-stage CIJC deal, workers will receive a further 1.5%

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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.