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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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Disaster Recovery through Job Order Contracting

Pro Builder

Since the scope and costs are already set, negotiation time is minimal before the contractor gets the work order and can move ahead. This process allowed contractors who were awarded the work to get to work quickly without spending a lot of time on price or other negotiations. Construction. Resilient Construction. Financing.

Contract 108
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Should Designers Be Liable to Contractors for Drawing Errors?

Construction Dive

The Texas Supreme Court recently came down on the latter side of this argument. Liability in negligence to non-contracting parties would upset this carefully negotiated balance. A contractor “must look to its agreement with the owner for damages if the project is not as represented.” ” Read more.

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Legal Documents Required for Purchase of Property

CivilJungle

Sale Agreement. The sale agreement documents carry all crucial facts about the land ownership and the customer and dealer. Only after the sale agreement can we tell the sale of custody becomes finished. Mother Agreement. Sale agreement: This document lists all kind of information about the property ?

Legal 52
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Oracle To Bring 200 Information Technology Jobs To San Antonio

Buisness Facilities Contributed Content

The plans are contingent upon San Antonio’s City Council approval of a $1 million grant agreement on May 15 with the global technology leader. The negotiated agreement is expected to be brought back to Commissioners Court on June 3 for final approval.

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Supreme Court Speaks on Forum Selection Clause in Construction Dispute

Best Practices Construction Law

The underlying dispute related to a subcontract agreement on a construction project located on Fort Hood in Texas. When the general contractor did not pay the subcontractor for its work, the subcontractor filed a lawsuit in federal court in Texas based upon diversity jurisdiction (. 3d 736 (5th Cir. Forum selection clause.

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No April Fools' Joke: Supreme Court Takes Appeal in Construction Case

Best Practices Construction Law

The dispute relates to a subcontract agreement on a construction project located on Fort Hood in Texas. When the general contractor did not pay the subcontractor for its work, the subcontractor filed a lawsuit in federal court in Texas based upon diversity jurisdiction (. 3d 736 (5th Cir. 2012) cert. Forum selection clause.