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. ”.

Contract 77

Contract Subcontracting Drafting Virginia 77

Contractor Bookkeeping

JUNE 15, 2012

Use Credit Cards - And supplier accounts to finance your new business and be very careful about what you buy. Your contracts need a well-defined scope of work, clear payment terms, a reasonable schedule and a good change order clause. Lien Waiver - Do not ever give a lien waiver in advance of the check clearing the bank.

Contractors 48

Contractors Insurance Claims Lien 48

Contractor Bookkeeping

JUNE 20, 2014

Use Credit Cards - And supplier accounts to finance your new business and be very careful about what you buy. Your contracts need a well-defined scope of work, clear payment terms, a reasonable schedule and a good change order clause. Lien Waiver - Do not ever give a lien waiver in advance of the check clearing the bank.

Insurance 48

Insurance Construction Accounting Claims 48

Contractor Bookkeeping

JANUARY 2, 2015

Did You Use Your Personal Credit Cards - And supplier accounts to finance your new business and perhaps you were not careful about what you bought? Your contracts need a well-defined scope of work, clear payment terms, a reasonable schedule and a good change order clause. You say O.K. This is getting extremely stressful.

Construction 48

Construction Insurance Accounting Claims 48

Contractor Bookkeeping

OCTOBER 4, 2013

Always, always keep your commercial banker updated about any major changes that may affect your business or personal finances. Negotiate a fair deal that allows the bank to get something and you get something, a win-win and you will find more great deals coming your way in the future. NEVER SURPRISE YOUR BANKER!

Profitability 48

Profitability Construction Accounting Cash Flow 48

Building Information Management

APRIL 24, 2016

Labor costs will be reimbursed to the Contractor at the unit price rate multiplied by the Contractor negotiated coefficient(s). Supervisory costs are to be part of Contractor’s negotiated coefficient and will not be reimbursed as a separate labor. Any equipment reimbursements must be approved by the Owner prior to its use.

Contract 40

Contract Contractors Materials Site 40

Building Information Management

JUNE 22, 2012

o Utility Financing. Demonstrate the ability to work with Facilities team to negotiate rates and discounts. If Project will be completed by contractors, demonstrate the ability to: o Produce project change orders. Finance Charges(interest payments) etc. o Regulations pertaining to ESPCs. Tra ining.

Management 45

Management Contract Sustainability Life Cycle 45