Change Orders Contract Finance Legal 
Best Practices Construction Law
NOVEMBER 21, 2019
The subcontract between the general contractor and the concrete subcontractor contained the following clause: “The obligation of contractor to make payment under this agreement, whether a progress or final payment, or for extra or change orders or delays to the work, is subject to the express condition precedent of payment from the owner. ”.
Viewpoint Construction Technology
APRIL 17, 2018
Identify the Contract. This first step should be pretty easy for most contractors, since legally-binding contracts are already part of their processes. Two of the biggest things to keep in mind for contracts are: Whether collection is probable. Identify the Performance Obligations Within the Contract.
This site is protected by reCAPTCHA and the Google Privacy Policy and Terms of Service apply.
Construction Business Owner
APRIL 26, 2012
Accounting & Finance. Know the Contract and Budget. Before work begins, understand fully what you’ve contracted to do by carefully reviewing the contract at hand. Legal language is often unclear, resulting in differences in interpretations that can disrupt and delay projects, increasing costs. MANAGEMENT |.
Construction Business Owner
OCTOBER 14, 2011
Accounting & Finance. « A Change (Order) for the Better? Judging Tipis » Some Advice on Change Orders. I was talking with John Chaney this week, and he mentioned that he was going to blog about how change orders affect construction management. MANAGEMENT |. ACCOUNTING |. SOFTWARE |.
Constructonomics
MAY 2, 2014
Of course we fronted large amounts of money for labor and materials that we were now looking to finance because payment was not being made. This attention to detail is paramount when trying to collect money because people tend to have amnesia when it involves payment and especially when it involves change orders.
Construction Business Owner
OCTOBER 14, 2011
Accounting & Finance. Some Advice on Change Orders » A Change (Order) for the Better? When clients ask me about change orders, I’m reminded of a well-circulated photo. The yacht is named “Change Order.” Yes, change orders are nearly inevitable.
Autodesk Construction Cloud
DECEMBER 18, 2021
In fact, you typically won’t be able to release final retainage without it—effectively putting as much as 10% of your contract at stake. Problems like delayed change orders, poor communication and lost paperwork may make it harder to close out a project on time. Delayed change order resolution.
Expert insights. Personalized for you.
77 
Let's personalize your content