Construction Law
MARCH 1, 2024
Defects The problem with RAAC: comparing liabilities, claims and remedies in Scotland and England Julie Scott-Gilroy of Morton Fraser MacRoberts LLP explains differences between how liabilities and claims and remedies relating to the use of RAAC differ between Scots law and the rest of the UK.
Constructlaw
JULY 12, 2022
DonRob planned to develop the other two sections into townhomes and commercial units. In the event … specific performance is not available … Purchaser may seek to recover from Seller out-of-pocket expenses incurred in connection with the negotiation and preparation of this Agreement … which shall be capped at … $250,000[.]”
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Job Order Contracting
FEBRUARY 20, 2023
For CONUS, the JOCPB shall be developed using commercially available pricing tools to ensure consistent and comprehensive pricing of tasks unless the contracting officer determines the use of a commercially available pricing tool is not in the best interest of the government. b) Statement of work. (1) c) Limitations. (1)
Construction Cost Estimating
NOVEMBER 8, 2017
The candidate should also take responsibility to monitor to commercial prospects of alloted projects and carry out closeout reports. Duties and liabilities: • Costings and budgets formation for the allotted projects. Estimate, value, submit and negotiate contract variations. Advocating on the procurement policy.
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. Commercial Painting Co.
Levelset
JUNE 6, 2022
The rate of retention is stipulated in the construction contract and can often be negotiated. Retention can be withheld on residential or commercial projects and on both public and private projects. Both retention accounts are shown as current assets and current liabilities, respectively. Fariba Mehdian. View profile.
Levelset
JULY 25, 2022
Working capital measures the difference between a construction company’s current assets and current liabilities. Businesses whose assets (like cash, accounts receivable, inventory, or materials) exceed the value of their liabilities (like wages, debts, vendor payments, or overhead costs) have working capital to use to maintain or grow.
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