article thumbnail

#132:  Written Change Order Requirements

NH Construction Law

Many construction contracts and subcontracts, both residential and commercial, provide that any addition or deletion from the scope of work described in the contract must be documented by a written change order. Does that failure doom additional compensation (or credit) for an agreed upon change to the work? Holden, Inc.

article thumbnail

#65:  Unjust Enrichment Recovery for Verbal Change Orders

NH Construction Law

Given the importance of nailing down any changes to an original scope of work along with their price and schedule effects, many construction contracts require change orders to be in writing, and even define change orders as written instruments. Should he suspend work, and risk being in breach? Section 7.2.1

professionals

Sign Up for our Newsletter

This site is protected by reCAPTCHA and the Google Privacy Policy and Terms of Service apply.

article thumbnail

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

Best Practices Construction Law

As you may be aware, one of the greatest risks on a construction project involves the payment process. 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.

article thumbnail

Digital Builder Podcast Ep 22: How Specialty Contractors Can Navigate Contracts & Get Paid On Time

Autodesk Construction Cloud

Best practices for handling change orders. Owners pass on certain risks (contractually) to general contractors, who may do the same thing when hiring specialty contractors. She recalls her experience speaking with a fellow attorney who had to go through a 129-page subcontract that could have been cut down to ten pages. “It’s

article thumbnail

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

Best Practices Construction Law

As you may be aware, one of the greatest risks on a construction project involves the payment process. 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.

article thumbnail

LEAN construction cost estimating

Job Order Contracting

Shared risk/reward. Put another way, a scope of work is division of construction items to be performed under a contract or subcontract in the completion of a project, typically broken out into specific tasks with deadlines. Early and ongoing participation. Common data environment. Mutual trust respect. Initial and ongoing training.

article thumbnail

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.