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The Real Lemon in the Bunch: Understanding Pay-If-Paid Clauses in Construction Contracts

Best Practices Construction Law

Contractors have a means of shifting the risk of non-payment by the owner to its subcontractor by including a certain payment provisions in the subcontract agreement. In Universal Concrete Products Corp. The enforceability of these types of clauses may be limited by your particular state or jurisdiction. However, in Thomas J.

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The Real Lemon in the Bunch: Understanding Pay-If-Paid Clauses

Best Practices Construction Law

Contractors have a means of shifting the risk of non-payment by the owner to its subcontractor by including a certain payment provisions in the subcontract agreement. In Universal Concrete Products Corp. For the legal practitioner, Universal Concrete Products again reminds us of the importance of legal research in our profession.

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#100:  Dealing With Rising Costs

NH Construction Law

Another approach is to negotiate with subcontractors or suppliers to lock in prices for an extended period of time, thereby kicking the price increase risk downstream – but in the present volatile market, subs and suppliers are increasingly reluctant to hold their prices for long, typically not more than 60 or 90 days.

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A New Resource for JOC – Job Order Contracting Services

Building Information Management

But with construction industry changes swirling around us, Job Order Contracting will continue to evolve and adapt to stay relevant, becoming a part of newer technologies and processes like BIM and collaborative cloud computing, and forward-thinking processes like LEAN, to make JOC even better. Ongoing Assessment.

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Job Order Contracting – Best Practices Implementation

Building Information Management

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. Subcontracts. Execution Procedures.

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A Primer on MasterFormat & Improving Construction Project Collaboration

Building Information Management

Standardized cost databases have been introduced based upon MasterFormat that enable construction owners, service providers, building product manufactures, and technology providers to improve cost visibility and also expand upon using historical and/or custom cost data. 00 43 33 Proposed Products Form. design/negotiate/build).

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A Primer on MasterFormat & Improving Construction Project Collaboration

Building Information Management

Standardized cost databases have been introduced based upon MasterFormat that enable construction owners, service providers, building product manufactures, and technology providers to improve cost visibility and also expand upon using historical and/or custom cost data. 00 43 33 Proposed Products Form. design/negotiate/build).