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7 Things Contractors Need to Know About Retainage

Fieldwire

Retainage is up for negotiation Retainage is not set in stone. It is governed by the contract, which means it’s part of the agreement between two parties. Every contract is negotiable, including what percentage is retained and for how long. It’s up to the contracting parties to agree on the terms that work for both of them.

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Bargaining Room v. False Claims: 5 Tips for Negotiation of Construction Claims

Best Practices Construction Law

The issue raises an important question: What should a contractor do during negotiations to allow for some “bargaining room” so as to avoid any appearance of filing a false claim? Owners often begins negotiations from the opposite end of the spectrum for the same reasons. Do not negotiate against yourself.

Claims 69
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Selling Your Home Building Company? Here's What to Expect

Pro Builder

After potential buyers sign nondisclosure agreements, your advisor will distribute your offering documents, coordinate calls with your ownership team, arrange site visits, manage the bidding process, and collect bids. During that period, advisors like us reach out to the universe of potential buyers. Diligence and Closing.

Deals 52
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LEAN Pre-Construction Services Considerations

Job Order Contracting

Bidding/Negotiating/Procurement. Collaborative construction delivery methods require multi-party agreements as well as share the following characteristics: Outcome focused. Common data environment, CDE – common terms, definitions, data architectures. Project Delivery Method Selection. Construction Documents.

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Restaurant Construction Franchise on the Rise – Where do you start?

HardHatChat

In fact, Crain’s Chicago Business just reported that Moe’s Southwest Grill has sold restaurant franchise agreements to open 10 new units in the Chicago market. For franchise operators new to the restaurant construction bid process, there is a definite learning curve with construction costs.

Chicago 244
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Army Job Order Contracts FAIL to meet AFARS requirements MOST OF THE TIME

Job Order Contracting

AFARS) The above definition of a unit price book clearly notes the requirement that the JOC unit price book reflect both local and current costs for the work to be performed using JOC. 5117.9001 Definitions. The contracting officer shall negotiate the modification and make a determination that the price is fair and reasonable. (d)

Contract 223
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Federal Court Confirms Liberal Federal Policy Favoring Arbitration Awards

Constructlaw

The court of appeals noted that the Supreme Court has long held a “liberal federal policy favoring arbitration agreements.” The fact that ISC disagreed with the arbitrator’s interpretation was immaterial due to the “liberal federal policy favoring arbitration agreements.” Click here to view full opinion as PDF.

Iowa 52