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#98:  Good Faith Limits on Termination for Convenience

NH Construction Law

Such a provision was part of a commercial painting subcontract in Hate to Paint, LLC v. This clause was in the parties’ agreement: TERMINATION FOR CONVENIENCE: The General Contractor may terminate the Contract for convenience upon three (3) days prior written notice. Ambrose Development, LLC , No.

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Is Flexible Scheduling Prudent?

Construction Dive

” These clauses are common in subcontracts. A contractor may want flexibility in scheduling subcontracted work. They elect to schedule the work “as directed.” Prime contract schedules are frequently altered by the project owner or other factors beyond the contractor’s control.

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Consistent Technology Innovation Helping Contractors Integrate their Office, Team and Field Operations

Viewpoint Construction Technology

We’re committed to helping our clients grow and profit by embracing and deploying the latest construction software and technologies. Or, to learn more about all of Viewpoint’s products, and how they can help your company achieve stronger collaboration, increased productivity and better profit margins, simply connect with us.

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Tips for Creating a Healthy Cash Flow

Best Practices Construction Law

As a preliminary matter, make sure that you get a written contract when starting a new project and make sure that both parties sign the agreement. Although courts treat oral agreement differently in each state, a written agreement will be easier to enforce. Contract Provisions.

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The Best Way for Trade Contractors to Stay Out of the Courtroom

Pro Builder

Not if You Follow These 8 Steps to Make Trades Profitable. . The default provision says you will give the other side some notice (typically 48 hours or more) to fix the default, and if they don't adhere to this agreement, the contract can be terminated. Escalation Clauses in Your Contracts: Yay or Nay? Labor Woes? Trade Contractors.

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Subcontractor Default Insurance: Pros & Cons for General Contractors

Levelset

SDI helps general contractors cover the expenses that are incurred when a subcontractor fails to perform according to the terms of their agreement. Some GCs pass the cost of the loss reserve onto the project owner and claim that amount as additional profit on the project. Include X amount of additional profit in your bid.”.

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Winning More Construction Bids: A Complete Guide

Autodesk Construction Cloud

Subcontracting. This process is known as subcontracting. Here, the owner and contractors would come up with an agreement and produce a formal document outlining the terms of the project. . Time and Materials Contract, which stipulates an agreed-upon price based on profit rate, materials, and time spent on the project. .

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