Remove Change Orders Remove Industrial Remove Risk Remove Subcontracting
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Digital Builder Podcast Ep 22: How Specialty Contractors Can Navigate Contracts & Get Paid On Time

Autodesk Construction Cloud

Best practices for handling change orders. A contract should really be a tool to help everyone in the construction industry; it doesn’t have to be this monster document that you just hold your nose, sign, and hope for the best.” .” The shifting of risk and liabilities is a very common practice when drafting contracts.

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Construction Financial Reporting – Why It’s Important and How To Do It

cnstrctr

These reports should summarize the overall budget, potential change orders, cash flow, risks and more. You should break this report down by division including soft costs from hard costs (your costs vs costs that are subcontracted out). Changes – identify changes by a reference number, status of them and the value.

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#100:  Dealing With Rising Costs

NH Construction Law

It’s no secret to anyone involved in the construction industry that materials prices have been increasing by leaps and bounds recently. Sometimes the benchmark is budgeted costs, i.e., the contractor’s actual buyout costs at bid time (or those of their subs if the subcontract prices are similarly allowed to fluctuate).

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Litigation Topics for Prime / Subcontractor Contracts

Construction Law Monitor

AIA – American Institute of Architects is the most common standard form contracts in the construction industry. Commonly litigated subcontract provisions. Change Order and Extra Work Provisions. Very popular area for dispute in construction contracts – changes are always happening. Notice Provisions.

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Email Records Retention can be Tricky

Carol Hagen

I spoke with a subcontracting firm (company B) that did the opposite of what was described above. A general contracting firm claimed they had not approved of a change order (they themselves did not archive their own email) and this subcontractor showed them a copy of their email approval. Both firms have exposure.

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5 Types of Subcontractor Software Transforming the Trades 

Autodesk Construction Cloud

Subcontracting is a time-honored tradition. Plus, the risk in construction is increasing. Collaboration software helps to preempt that risk of disconnect. 2: Change Management Software. One of the best ways to stay on top of change orders is through integrated communications. Today, little is different.

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Lean Construction – Overcoming decades of mistrust, lack of communication, and opposition between facilities owners, designers, engineers, and builders.

Job Order Contracting

Adversarial, change-order-oriented environment is common between owner, A/E, and contractor. Change orders may be reduced versus DBB due to A/E-contractor collaboration and contractual relationship. Construction Manager at Risk. Contingency costs are generally higher due to high risk of construction manager.

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