article thumbnail

Ohio Court Reforms Construction Contract to Correct “Manifest Absurdity” in Termination for Convenience Term

Constructlaw

That would be a nonsensical result because it would allow the Owner to exceed the benefit of the bargain, which is not something [BoMar] would rationally agree to. While the contract provided several blank spaces dedicated to payments for change order work, the parties left all such spaces blank.

Ohio 52
article thumbnail

Six Ways to Control Rising Commercial Construction Costs

HardHatChat

Take it from us…pay reputable architects well, rather than finding an obscure one that may seem like bargain. It’s a common misconception that commercial construction general contractors make money on the change orders that sometimes take place during a project. Design Build Firms. Chuck Taylor. Director of Operations.

professionals

Sign Up for our Newsletter

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

article thumbnail

Client Relationships: 3 Reasons You Should Listen If Your Commercial Contractor Tells You No

HardHatChat

If it’s clear the potential client is looking for a bargain price by opening the bid to a large number of commercial general contractors, we might choose not to participate. Contracts awarded on price alone can lead to lots of unanticipated problems – from lower quality work to missed deadlines and inflated change orders.

article thumbnail

Fraud as an Exception to the Economic Loss Doctrine: Changing Trends in Colorado and Tennessee

Constructlaw

But two recent state-court decisions evidence a change in that trend: Both held that the Economic Loss Doctrine bars fraud claims because parties to a commercial contract — often sophisticated and represented by counsel — allocate risk, prescribe damages, and rely on the terms of the bargain.

article thumbnail

Huge Construction Company Profit Increases Are From Tiny Changes

Contractor Bookkeeping

We are happy to be able to offer free Invoice templates, free Change Order templates and free estimate templates to construction contractors and other business owners to help them grow their sales and profits and have better lives for their families. Change Orders are a huge source of new profit. Click here.

article thumbnail

Quicken To QuickBooks Conversion

Contractor Bookkeeping

It is similar to the reason why eventhough a $50 circular saw is a bargain at first, most construction contractors agree it really only works well for handyman doing some minor projects and it simply is not robust enough for a general contractor. Have Change Orders. Is Quicken not working for your construction company?

article thumbnail

Xero To QuickBooks Conversion

Contractor Bookkeeping

It is similar to the reason why a $50 circular saw is a bargain and may work great for a handyman doing some minor projects and yet for a construction contractor it simply is not robust enough to get the job done. Have Change Orders. Is Xero Not Working For Your Construction Company? Issue Multiple Invoices.