Remove Bargains Remove Contract Remove Defense Remove Negotiation
article thumbnail

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

NH Construction Law

The Court relied on the general rule of contract law that “Where a promisor ‘prevents or hinders’ fulfillment of a condition which otherwise would have been fulfilled, ‘performance of the condition is excused’ and the promisor’s liability is ‘fixed’ regardless of the condition’s non-fulfillment.”

article thumbnail

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
professionals

Sign Up for our Newsletter

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

Trending Sources

article thumbnail

Project Labor Agreements (PLAs): What Contractors Need to Know

Levelset

This could affect $262 billion in federal government construction contracting as well as nearly 200,000 workers on federal construction contracts. A project labor agreement, or PLA, is a prehire collective bargaining agreement that sets the wages and benefits for all workers on a project. What is a project labor agreement?

article thumbnail

Industry Focus: Aerospace Sector Is Flying High Again

Buisness Facilities Contributed Content

A fter several years of job losses, aerospace and defense sector employment is expected to grow in 2016 by more than 39,000 jobs in the U.S., Aerospace & Defense Labor Market Study. percent, of which about 185,000 jobs were lost in the defense subsector. Aerospace and defense sector companies paid $7.7

article thumbnail

Deal of the Decade

Business Facilities

In recent weeks, a leading contender for next year’s honors has roared into view: aircraft giant Boeing got everybody’s attention when they put out an RFP for a contract to build their new 777X, a passenger jet that’s expected to be Boeing’s flagship offering throughout the 2020s. Far West U.S. Plains U.S.

Deals 47