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How to Make Changes & Still Make Money

Construction Business Owner

It’s nearly impossible to make any money when contracts allow just 10% and your subcontract only allows for 15% total overhead and profit markup on change orders, or time and material costs plus work. The typical commercial contractor’s annual overhead and profit markup look much like those in Figure 1. Fri, 03/26/2021 - 11:30.

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#127:  Subcontract "Flow Down" of Prime Contract Terms

NH Construction Law

Commercial construction subcontracts frequently incorporate by reference provisions of the prime contract between the owner and the general contractor, often with language requiring the subcontractor to assume toward the general contractor all duties owed by the general contractor to the owner. Turner Construction Co. , 560 F.Supp.

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HS2 to hold bidders day for subcontractors

Construction Enquirer

HS2 is planning a meet the main contractor bidders day ahead of the next tranche of subcontract work tenders to progress civil engineering works and station fit-outs. structural steel, cladding, flooring, ceilings, painting, signage) Drainage works and associated materials (e.g. Civils & Stations work streams Urban realm (incl.

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What Is an Installation Floater?

Levelset

Despite your best efforts to protect building materials, any number of things can happen during the course of construction. But, different rules apply for materials destined for installation and stored either on or away from the building site. and ends when those materials are installed as intended.

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#134:  30-Day Accountings for Subcontractor/Supplier Mechanic’s Liens

NH Construction Law

” The notices triggering this accounting requirement can be given to the owner before the first labor or materials get furnished ( RSA 447:5 and RSA 447:7 ) or after ( RSA 447:6 ) – but in either event, written monthly updates of the amount owed are required. Bostwick , 69 N.H.

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Chicago Casino Construction: How to Deal the House a Winning Hand

HardHatChat

In Chicago commercial construction news , everyone knows the big buzz right now is on the pending Chicago casino. Because regardless of where the downtown casino is located, there is a commercial construction checklist of best practices that a successful casino developer needs to keep in mind. Bigger isn’t always better.

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Activities and liabilities of Quantity Surveyor and Quality Manager

Construction Cost Estimating

Quantity Surveyor: The prime intention of the quantity surveyor is to measure the amount of materials required for building work as well as estimate the cost of the materials.