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In Pursuit of Affordability, Homebuyers Are Heading to Cities With the Biggest Climate Risks

Pro Builder

In Pursuit of Affordability, Homebuyers Are Heading to Cities With the Biggest Climate Risks ldeakins Wed, 06/28/2023 - 11:28 Homebuyers relocating for affordability aren't excluding markets with extreme weather and heightened natural disaster risks from their home searches More than one-quarter (25.4%) of all U.S.

Risk 52
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Wellness is for builders, not just for buildings

BD+C

Construction work is demanding—both physically and mentally—and the likelihood of injury or disability is higher than other sectors. As an industry, we have done an excellent job at emphasizing and improving site safety so that everyone goes home safe every day. But what about going home healthy? .

Bargains 123
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Six Ways to Control Rising Commercial Construction Costs

HardHatChat

The summer construction season often brings rising costs. Construction season is upon us, and you know what that means…rising commercial construction costs. The summer always brings more commercial construction activity, more bids, and, as a result, higher pricing. Don’t skimp on architects. Design Build Firms.

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Who Assumes the Risk of Material Cost Increases? As Always, It Depends!

Best Practices Construction Law

When a client asks me about a particular contract provision and why it is “unfair” or “uneven”, we began a discussion about risk allocation. You see, the contract is used to shift the various risks on the project to the party most appropriate to handle it. What about the risk of escalation in material costs?

Risk 69
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Not So Severable After All: Third Circuit Lets Courts Determine Arbitration Agreement Existence When Underlying Contract’s Validity Is Challenged

Constructlaw

In MZM Construction Company, Inc. In 2001, New Jersey construction company MZM Construction Company hired workers from a local labor union for a construction project at Newark International Airport. The Funds also informed MZM that, absent payment, the Funds would initiate arbitration.

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Buyers Are Back in the Driver’s Seat Despite Falling Demand—Here’s Why

Pro Builder

Lower demand is causing homes to linger on the market for an average of 51 days, and as homes take longer to sell and builders complete new construction projects, the number of houses on the market is up nationally 33.5% year-over-year, Realtor.com reports. It’s never good news for buyers—or sellers—when mortgage rates go up. New-Home Sales.

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#125:  Pay-if-Paid Clauses and Contractor Default

NH Construction Law

The main purpose of such clauses is to shift the risk of owner nonpayment, whether due to owner insolvency or owner breach, from the contractor to the subcontractors. Quinn Construction, Inc. Skanska USA Building, Inc. , 730 F.Supp.2d 2d 401, 421 (E.D. 2010), didn’t think so.