article thumbnail

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. Include visuals in the presentation of the claim.

Claims 69
article thumbnail

JOC TASK ORDER Process Overview – USACE

Job Order Contracting

When NPP items are negotiated and incorporated in a task order, this does not incorporate the item in the UPB for subsequent use as a priced item. Only the contracting officer can negotiate/approve non pre-priced item(s) in the task order. The government is responsible for developing the scope of work.

professionals

Sign Up for our Newsletter

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

article thumbnail

What to Know about Lease Hold Improvements for Your Business

Wolgast Corporation

If there aren’t already those permissions included, then lease hold improvements can be negotiated when you renew your lease. From there, the landlord and tenant enter into a construction agreement with the allowance and cost pre-determined. Additionally, there is a clause presented for fixtures that become part of the property.

Leases 62
article thumbnail

Update: Vegas Raiders Stadium Rent Control Deal

Construction Equipment

According to the Associated Press, Adelson took back his pledged $650 million due to the lease agreement negotiated between the Raiders and the Clark County Stadium Authority. The proposed lease agreement presented Monday would have the Raiders pay just $1 a year for 30 years to rent the 65,000 seat facility.

article thumbnail

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

Pro Builder

You also need to prepare key information about the assets that will be presented to bidders, who will then use that data to evaluate your business and populate their own cash flow and valuation models. At our advisory firm, we urge sellers to disclose everything … including the good, the bad, and the ugly. Diligence and Closing.

Deals 52
article thumbnail

Common Law Analysis – Pay-if-paid, Pay-when-paid & Liquidating Agreements in Construction Contracts

Construction Law Monitor

Liquidating Agreement. Another technical term that is not often discussed in construction, yet is present in many construction contracts is the mechanism know as a “liquidating agreement” Sloan pg 16. Do not confuse a liquidating agreement with liquidated damages. Sloan pg 17. Ingwalson, Jr., Lawyer, Oct.

article thumbnail

#118:  Letters of Intent Forming Enforceable Contracts

NH Construction Law

The usual legal requirements for a valid contract – offer, acceptance and consideration – can all be present in this type of LOI. The sticking point is usually the requirement of “a meeting of the minds about the contract’s terms: ‘each party must have the same understanding as to the terms of the agreement.’”