Remove Bidding Remove Legal Remove Negotiation Remove Risk
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Not Just An Old Wives’ Tale: Negotiating “Paid In Full” Check Binds Contractor

Best Practices Construction Law

But I have never really thought about that legal principle because, “People don’t really do that, do they?”. The contractor won a bid to construct a water system in two local counties. In Triangle Construction Co. Fouches and Assoc., The “paid in full” principle is not just an old wives’ tale.

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Innovative LEAN Construction Tools

Job Order Contracting

The OpenJOC(TM) Solution virtually eliminates the slow, costly, error prone, inefficient practices associated with design-bid-build, lowest bidder, and other traditional construction delivery methods. Shared Risk/Reward. It embodies all of the fundamental aspects of LEAN construction, including: Collaboration. Long-term Relationships.

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Digital Builder Podcast Ep 22: How Specialty Contractors Can Navigate Contracts & Get Paid On Time

Autodesk Construction Cloud

Owners pass on certain risks (contractually) to general contractors, who may do the same thing when hiring specialty contractors. For this reason, construction professionals must find better ways to craft and negotiate agreements. Karalynn also emphasizes the importance of negotiating who takes on certain risks and liabilities.

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Selling Your Home Building Company? Here's What to Expect

Pro Builder

Each community and asset in your portfolio requires diligence, legal paperwork, and closing documents. Providing potential buyers with a complete understanding of the opportunities, risks, and upsides for each community in your portfolio pays off in the long run. The marketing and bidding phase typically takes 45 to 60 days.

Deals 52
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“Paid in Full” Wives’ Tale True? When Endorsing A Check, Yes Ma’am!

Best Practices Construction Law

But I had never really thought about that legal principle because, “People don’t really do that, do they?” The contractor won a bid to construct a water system in two local counties. ” In Triangle Construction Co. Fouches and Assoc., Fouches and Assoc.,

Claims 83
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Every Owner Should Implement JOC – JOB ORDER CONTRACTING – for Renovation, Repair, Sustainabilty, and Maintenance Construction Projects

Building Information Management

What’s Wrong with Design Bid Build? Traditional design-bid-build,DBB, is costly, antagonistic, and simply inefficient. A Job Order Contracting (JOC) system is based on a competitively bid indefinite delivery-indefinite quantity (IDIQ) contract between a facility owner and a construction contractor. Shared Risk-Reward.

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Preconstruction Meeting: A Quick Guide to Success   

Autodesk Construction Cloud

This is a chance for everyone to get to know key stakeholders, breaking down siloes between procurement and legal, scheduling and management, and so forth. Contract review Review all contracts, plans, and legal documents with all stakeholders. If any concerns come up, this a chance to address them.