PSMJ Resources

SEPTEMBER 12, 2011

Good Project Management is Good Risk Management. Most risks are foreseeable and responsive to thoughtful project management. • Risk reduction by any means is usually superior to any management scheme. Agreements that are legal, effective, and achievable are even better. • React to change in real time.

Project Management 40

Project Management Risk Resource Management 40

Constructlaw

JUNE 17, 2022

But two recent state-court decisions evidence a change in that trend: Both held that the Economic Loss Doctrine bars fraud claims because parties to a commercial contract — often sophisticated and represented by counsel — allocate risk, prescribe damages, and rely on the terms of the bargain.

Colorado 52

Colorado Tennessee Claims Contract 52

Construction Marketing Ideas

FEBRUARY 22, 2015

The Nebraska-based lawyer, of course, writes about legal issues with a focus on Nebraska rules — but he has designed the blog/message so that it is relevant to readers far away from the state where he works. Some create greater risks of making the budget if we encounter changes, delays and impacts. Craig Martin.

Contract 48

Contract Construction Claims Legal 48

Building Information Management

APRIL 10, 2015

Items that are not in the UPB can be negotiated, priced, and added to the UPB at any time. Shared Risk-Reward. After the cost estimates are completed, the contractor and user negotiate to resolve differences in line items and/or quantities in their respective estimates. Reduced or Eliminated Change Orders.

Contract 40

Contract Renovating Bidding Construction 40

Building Information Management

FEBRUARY 12, 2015

The contract includes a unit price book (UPB) that establishes a unit price to be paid for each of a multitude of construction line items including pre-priced/pre-negotiated items of work and materials. Appropriate distribution of risk. Virtual elimination of legal disputes. Reduction of change orders.

Contract 40

Contract Procurement Renovating Change Orders 40

Building Information Management

MARCH 8, 2016

JOC FUNDAMENTALS – Job order contracting, like any LEAN best management process, has basic requirements that focus upon collaboration, transparency, quality, and continuous improvement: Early and ongoing involvement of ALL participants. Shared risk/reward. Owner/Contractor negotiations and/or changes as needed.

Contract 40

Contract Management Estimating Renovating 40

Building Information Management

JUNE 10, 2016

In no instance should a project exceeded the established maximum (including change orders) and combining multiple projects into one to circumvent the contract maximum is also inappropriate. For larger JOC Programs the maximum per project averages $500,000, with typical projects averaging $100,000. clear and transparent.

Contract 40

Contract Consulting Documentation Estimating 40

Building Information Management

JULY 16, 2015

If a task is not in the UPB, it can be negotiated, priced and added at any time to the book. For many JOC contracts a limit is placed upon the percentage of NPP costs allowed per task order, generally this is 10%. Reduced legal fees, and virtual elimination of change orders. Elimination of change orders.

Contract 40

Contract Contractors Bidding Procurement 40

Contractor Bookkeeping

JUNE 15, 2012

General Liability and Auto/rental equipment insurance can help protect you and your company against claims for personal injury and property damage, and may provide you with legal defense of those claims. Your contracts need a well-defined scope of work, clear payment terms, a reasonable schedule and a good change order clause.

Contractors 48

Contractors Insurance Claims Lien 48

Contractor Bookkeeping

JUNE 20, 2014

General Liability and Auto/rental equipment insurance can help protect you and your company against claims for personal injury and property damage, and may provide you with legal defense of those claims. Your contracts need a well-defined scope of work, clear payment terms, a reasonable schedule and a good change order clause.

Insurance 48

Insurance Construction Accounting Claims 48

Contractor Bookkeeping

JANUARY 2, 2015

General Liability and Auto/rental equipment insurance can help protect you and your company against claims for personal injury and property damage, and may provide you with legal defense of those claims. Your contracts need a well-defined scope of work, clear payment terms, a reasonable schedule and a good change order clause.

Construction 48

Construction Insurance Accounting Claims 48