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Common Types of Construction Contracts And Their Use

cnstrctr

A construction contract is a tool that you can use to help outline these requirements. What exactly is a construction contract, how can it be used and what are the different types? A construction contract is a document that outlines the roles and responsibilities between two or more parties on a project. Lump Sum Contracts.

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Latest electrical estimating software can smooth the work process of

Construction Cost Estimating

Latest electrical estimating software can smooth the work process of electrical engineers and electrical estimators. Before the commencement of any construction work, electricians and construction managers should estimate the amount and cost of electricity essential for a specific location. Posted by Rajib Dey.

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Construction Cost Estimating Blog: How to prepare a bid estimate to.

Construction Cost Estimating

How to prepare a bid estimate to win a project. A bid process is required to award the most jobs in construction industry. In a bidding contest the lowest bidder will be awarded the contract. Estimating a construction bid involve some knowledge of the building process. Construction Cost Estimating Blog. at 4:45 PM.

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All Prime Contractors on TDOT Projects Must Be Licensed

Best Practices Construction Law

Whether you are an out-of-state contractor bidding on an in-state public project, an electrical contractor on a commercial project, or a joint-venture partnership performing general contracting services, you need to check your state's laws on licensing. Business License Requirements.

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Integrated Project Delivery – IPD, Job Order Contracting – JOC, BIM, and Efficient Project Delivery

Building Information Management

Design/Build, CM, CM@R and, of course,Job Order Contracting. IPD and Job Order contracting (JOC) have several things in common (JOC is actually a form of “IPD-lite”, created for renovation, repair, sustainability, and minor new construction projects). A JOC contract is inherently. Joint scope of work development.

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How to Start an Electrical Business: 9 Tips for Growth

Levelset

If you’re looking to start an electrical business, it’s the perfect time to flip the switch. Industry research shows that the US electrical industry has more than 1 million employees working for 200,000 businesses — and annual revenue exceeding $200 billion. Get off to a good start with registration, licensing, & insurance.

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Guest Blog – 5 Common Misconceptions About Surety Bonds

Construction Law Monitor

The bond price is usually somewhere between 1% and 3% of the contract sum. However, the contractor needs to pay the bond premium after she actually wins the bid. In most cases, the obligee on the contract, the owner of the project, reimburses the bond price with the first payment towards the contractor. Washington, D.C.’s