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5 Must-Have Clauses in Your Next Construction Contract

Construction Law Monitor

If you’re about to sign a construction contract, you need to be aware of some important clauses that may and/or should be incorporate into your contract. Certain clauses are critical for any contract to effectively protect your rights and minimize your liabilities. We understand that contracting is never easy.

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5 Must-Have Clauses in Your Next Construction Contract

Construction Law Monitor

If you’re about to sign a construction contract, you need to be aware of some important clauses that may and/or should be incorporate into your contract. Certain clauses are critical for any contract to effectively protect your rights and minimize your liabilities. We understand that contracting is never easy.

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Additional Insured Endorsements & How They Work in Construction

Levelset

In short, an additional insured is typically another business entity or person who can be added to your business policy, securing the same liability protection that you do. There are several related terms that are commonly confused in insurance policies and construction contracts.

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Slow as a Turtle? “No Damages For Delay” Clause Inapplicable to Contractor’s Claim Against Architect

Best Practices Construction Law

Many times, the parties’ contract will dictate whether the contractor can recover delay damages or will be limited to a time extension for delays beyond the contractor’s reasonable control. The general contractor in McLeod filed a malpractice action against the architect on a public contract for the City of Miami. In Perez-Gurri v.

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Tax Reform Impact on Employers and Employees

Revit OpEd

Modification of limitation on excessive employee remuneration: Under current law, an employer generally may deduct reasonable compensation for personal services as an ordinary and necessary business expense. Code Section 162(m) limits the deductibility of compensation expenses in the case of publicly traded corporate employers.

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I’ve Received Contractor Lawsuit. What Happens Next?

Construction Law Monitor

Other types of damages exist but courts like to compensate with money. A corporation or limited liability company is not an individual. Other options : – Informal negotiations or ADR clause are other options. Finally, many construction contracts have some type of alternative dispute resolution (ADR) clause.

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Things Contractors Should Know About Job Order Contracts

Job Order Contracting

Things Contractors Should Know About Job Order Contracts. As a construction contractor considering a Job Order Contract (JOC), it is critical to be aware that all JOCs are not the same. Here are a just a few things contractors should know about job order contracts. Will you earn a reasonable profit? Army and U.S.

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