article thumbnail

Bargaining Room v. False Claims: 5 Tips for Negotiation of Construction Claims

Best Practices Construction Law

Earlier this week, a settlement was reached in dispute where the contractor and designer were alleged to have filed false claims with the U.S. The issue raises an important question: What should a contractor do during negotiations to allow for some “bargaining room” so as to avoid any appearance of filing a false claim?

Claims 69
article thumbnail

A Contractor’s Guide to Homeowner’s Insurance: Is Your Project Covered?

Levelset

On projects like this, property owners typically count on an insurance claim to pay for the work – they may not have cash on hand to pay you out of pocket. This snapshot won’t provide you with the information needed to have a deeper understanding of how everything works if a customer suffers property damage and considers filing a claim.

professionals

Sign Up for our Newsletter

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

article thumbnail

A Contractor’s Guide to Homeowner’s Insurance: Is Your Project Covered?

Levelset

On projects like this, property owners typically count on an insurance claim to pay for the work – they may not have cash on hand to pay you out of pocket. This snapshot won’t provide you with the information needed to have a deeper understanding of how everything works if a customer suffers property damage and considers filing a claim.

article thumbnail

Every Owner Should Implement JOC – JOB ORDER CONTRACTING – for Renovation, Repair, Sustainabilty, and Maintenance Construction Projects

Building Information Management

Items that are not in the UPB can be negotiated, priced, and added to the UPB at any time. 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 Claims. Greater Cost Visualization and Control.

article thumbnail

Five Benefits of Inspection Reporting Software

Lets Build

Webinar: How to connect your Snagging & QHSE processes to avoid claims and regain control. You can also upload images, creating inarguable date-stamped visual records of condition and status. This puts you in a stronger position to negotiate a cost-effective outcome. Everything is standardised.

article thumbnail

8 Tips to Manage Cash Flow Like Your Construction Business Depends on It

Autodesk Construction Cloud

Having the ability to visualize updates in real-time allows for better planning and more accurate forecasting. You can compare your forecast to actuals and visualize how much cash you’ll need on hand at different points throughout the project. . Negotiate better contract terms. This is a trap contractors often fall into.

article thumbnail

Integrated Project Delivery – IPD, Job Order Contracting – JOC, BIM, and Efficient Project Delivery

Building Information Management

Project delivery methods must therefore be a component of BIM, a fact many/most 3D visualization software vendors appear to have ignored. As scopes of work are jointly developed, discussed, agreed upon and finalized, a JOC contract is much less likely to have claims, change orders, and disputes than other traditional delivery methods.