Construction Law

MAY 2, 2024

News Our regular news round up includes a survey saying collaboration is on the rise; Network Rail promises a partnering approach in its new framework; and a warning that carbon reduction policy risks legal challenge. Legal terms explained Isabella Salame of Herbert Smith Freehills LLP explains what is meant by non-delegable duties.

Construction 52

Construction Legal Cash Flow Insurance 52

Construction Law

APRIL 2, 2024

The government’s own net zero carbon targets are at risk if the speed of delivery of investments isn’t increased. Legislation state of play table Our regular update on the progress of regulations and legislation affecting construction and procurement compiled by Alignment Media.

Construction 52

Construction Liability Risk Contract 52

Autodesk Construction Cloud

OCTOBER 6, 2022

Construction companies juggle many different risks and responsibilities as they strive to grow their businesses, or simply survive in an uncertain economy. Lack of financial strategy runs the risk of missed new opportunities, letting your cash to sit when it could be put to work, or overextending yourself.

Cash Flow 98

Cash Flow Autodesk Finance Construction 98

Construction Law

JULY 7, 2021

More than ever, a watchful eye will have to be kept on programmes; just as over-optimistic schedules will risk big problems somewhere along the critical path. It is poor risk management, unsuited to the increasingly sophisticated commercial world that contractors have to inhabit.

Risk 52

Risk Contract Management Maine 52

Levelset

MAY 2, 2022

Sending updated construction financial statements is a good way to let the supplier know that you want to increase your limit. These references give suppliers a historical context to assess their risk. The post How To Negotiate A Higher Credit Limit With Your Building Material Supplier appeared first on Levelset. Learn More.

Negotiation 52

Negotiation Materials Cash Flow Finance 52

Job Order Contracting

JUNE 13, 2019

An innovative, yet proven method of construction services planning, procurement, and project delivery is gaining traction with owners who require consistent quality repair, renovation, and construction services that are both on-time, and on-budget. Shared Risk/Reward. Long-term Relationships. Financial Transparency.

Innovation 100

Innovation Construction Procurement Bidding 100

Construction Law

MARCH 1, 2024

Guest editor Managing change control following the Building Safety Act 2022 Guest Editors Roddy Cormack and Katie Percy of Dentons UK and Middle East LLP warn that the new change control regime introduced under the Building Safety Act could make allocating and managing contractual risk significantly more challenging.

Insurance 40

Insurance Claims Safety Legal 40

Autodesk Construction Cloud

DECEMBER 6, 2023

When it comes to construction projects, accounting and financial management are like the foundation of a building. Unfortunately, most ERP and accounting software aren't built for construction project managers. So, the company chose Autodesk Construction Cloud as its project management software.

Autodesk 98

Autodesk Management Construction Accounting 98

Autodesk Construction Cloud

JULY 13, 2023

.” This quote primarily relates to personal finance, but his advice also rings true in the construction industry. And while profit margins in construction are notoriously tight (4-6%), there are steps you can take to increase your profitability without compromising the quality of your work. Have a look below. It does matter.

Profitability 98

Profitability Risk Construction Autodesk 98

Wolgast Corporation

DECEMBER 12, 2022

Here is one secret of the trade to save significant time during pre-construction, by giving your contractor a ballpark budget before design and/or estimating starts, an owner can take a shortcut in the preliminary phase and get to construction sooner. This is just one shortcut to construction and reliability that we can offer.

Budgeting 126

Budgeting Budget Estimating Construction 126

Viewpoint Construction Technology

FEBRUARY 19, 2019

The only way around the complexity of a large-scale construction project is to ensure working capital requirements are known and provided for. Better manage commercial risk and opportunity. Integrated construction management software, like Viewpoint’s JobPac can help streamline accurate cash flow forecasts.

Cash Flow 130

Cash Flow Forecasting Construction Software 130

HardHatChat

JANUARY 18, 2011

Bill Di Santo (right) overseeing a design-build project for Englewood Construction. January is a great time to create a commercial construction checklist of resolutions to help improve your commercial real estate business in the coming year. Schedule a commercial construction preventive maintenance visit. Get online.

Commercial 263

Commercial Bidding Negotiation Construction 263

Job Order Contracting

APRIL 22, 2019

LEAN Construction Services Procurement and Project Delivery. OPEN Job Order Contracting – LEAN Construction Service Procurement and Project Delivery. CSI Masteformat) Mutual trust and respect Shared risk and reward Required initial and ongoing training Continuous improvement Owner leadership.

Procurement 100

Procurement CSI Contract Negotiation 100

Fieldwire

AUGUST 14, 2023

Construction is one of the hardest industries to manage cash flow in, with contractors often facing large up-front costs and frequent, long delays between expenses and payment. It’s fairly common, especially on commercial and public construction projects, and typically ranges from 5 - 10% of the total contract price.

Contractors 98

Contractors Cash Flow Lien Negotiation 98

Job Order Contracting

MAY 9, 2017

Estimating Construction Costs for Job Order Contracts properly is critical to the success of any JOC program. Is your JOC Program free of the risk of fraud and/or improper relationships? Is your JOC Program free of the risk of fraud and/or improper relationships? Higher construction quality. Faster project delivery.

Estimating 100

Estimating Contract Change Orders Construction 100

Job Order Contracting

SEPTEMBER 23, 2017

LEAN Pre-Construction services considerations significantly improve outcomes. Pre-Construction Services include the following… Project Conceptualization. Construction Documents. Bidding/Negotiating/Procurement. Shared risk/reward. Project Delivery Method Selection. Mutual respect among all participants.

Construction 100

Construction Procurement Agreement Contract 100

Viewpoint Construction Technology

AUGUST 15, 2018

Within the construction industry, we’ve seen first-hand the approach leading organisations have embarked upon; acknowledging the importance of implementing software technologies as a replacement to manual procedures with the purpose of improving competitiveness through improved business processes, employee productivity and efficiency.

Software 130

Software Software Construction Viewpoint 130

Autodesk Construction Cloud

JULY 13, 2023

This quote primarily relates to personal finance, but his advice also rings true in the construction industry. And while profit margins in construction are notoriously tight (4-6%), there are steps you can take to increase your profitability without compromising the quality of your work. Have a look below. It does matter.

Profitability 52

Profitability Risk Construction Autodesk 52

Lets Build

JULY 13, 2017

The UK remains uncertain of the full impact the EU referendum will have and how Brexit will actually affect the construction industry. Many businesses within the construction industry employ EU labour because it is cheaper. Find Here: Modernise Or Die: The Need For Change In Construction.

Industrial 165

Industrial Construction Infrastructure Negotiation 165

Wolgast Corporation

APRIL 25, 2022

When the time comes to move your business to its own brick and mortar (or any other building material) building, or expand to a bigger building, you have an option to keep your capital in your business rather than spend it on a loan to cover construction costs. I’ll explain more about how it works below. How it Works.

Leases 62

Leases Risk Finance Negotiation 62

Job Order Contracting

OCTOBER 24, 2017

Consistent Delivery of On-time, On-Budget, Quality Renovation, Repair, and Construction is available to any competent real property owner that demonstrates leadership. LEAN Collaborative Construction is the delivery tools for owners, builders, and other stakeholders that wish to consistently deliver quality projects on-time and on-budget.

Budgeting 100

Budgeting Budget Renovating Overhead 100

Best Practices Construction Law

MAY 20, 2016

When a client asks me about a particular contract provision and why it is “unfair” or “uneven”, we began a discussion about risk allocation. You see, the contract is used to shift the various risks on the project to the party most appropriate to handle it. What about the risk of escalation in material costs?

Risk 69

Risk Materials Contract Contractors 69

Job Order Contracting

JULY 28, 2021

Most contractors have heard of design-bid-build, design-build, construction manager at risk, and even public private partnerships, various project delivery methods, which, at their heart, focus on balancing the interests of the various parties involved in a construction project, from owners, to design professionals, to contractors.

Contract 130

Contract Negotiation Los Angeles Estimating 130

Levelset

JULY 25, 2022

Construction companies need capital to get off the ground, stay in business, and keep growing. Several different types of capital — working capital , debt capital , and equity capital — are common in the construction industry. Construction companies need a solid understanding of capital to run a successful business. .

Debt 97

Debt Cash Flow Equity Finance 97

Autodesk Construction Cloud

NOVEMBER 15, 2021

We discuss: The current state of construction contracts. Construction technology and the future of contracting and payments. Understand the state of contracts and payment terms in construction. The current state of contracts and payment terms in construction leaves a lot to be desired, says Karalynn.

Contract 52

Contract Contractors Negotiation Subcontracting 52

Best Practices Construction Law

NOVEMBER 21, 2019

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. Turner Construction Company , the U.S.

Contract 77

Contract Subcontracting Drafting Virginia 77

Job Order Contracting

JUNE 9, 2017

Here are a few lessons learned with respect to improving construction productivity, and overall life-cycle management of the built environment. WHAT NOT TO DO… JOC is a collaborative construction delivery method. Job Order Contracting Lessons Learned Regarding Improving Construction Productivity. Shared Risk/Reward.

Contract 100

Contract Products Life Cycle Procurement 100

Fieldwire

APRIL 24, 2023

Inflation has been hard on the construction industry. How can you keep your construction costs down to minimize the impact of inflation? With no one to supervise the site, BIM’s clash detection feature can help you identify injury risks before disaster strikes, saving you from project delays and costly medical bills.

Inventory 52

Inventory BIM Construction Materials 52

Autodesk Construction Cloud

OCTOBER 19, 2022

AU 2022 Day 2 Recap: The Most Interesting Moments of the Construction Session . If you weren’t able to make it to AU 2022, that’s okay, because we recorded these construction sessions and theater talks for on-demand streaming. 10 Construction Sessions You Might Have Missed. How Will the Construction Sector Get to Net Zero?

Autodesk 52

Autodesk Construction Estimating Boston 52

BD+C

SEPTEMBER 8, 2023

Working embedded with the entire design, construction, and owner teams in the same building for two years on an Integrated Project Delivery (IPD) project—more on that below—taught me how valuable meetings and touch points can be to ensure the entire team remains aligned throughout the design and construction of a mega project.

Structural Engineering 111

Structural Engineering Engineering Florida Raleigh 111

Job Order Contracting

NOVEMBER 27, 2017

Simple… a consistent and fully transparent solution that enables owners and construction contractors to deliver over 90% of renovation, repair, and minor new construction projects on-time, on-budget, and to everyone’s satisfaction. Risk mitigation. What is OpenJOC LEAN Job Order Contracting? Financial transparency.

Contract 100

Contract Life Cycle Budgeting Budget 100

NH Construction Law

FEBRUARY 25, 2023

A common feature of residential construction loans is the requirement for periodic inspections of the progress of work, usually by an independent inspection company hired by the bank, before disbursements are made. New Hampshire Savings Bank , 131 N.H. ” And such a voluntary undertaking is exceedingly rare. Don’t count on it.

Banking 40

Banking Inspections Construction Lien 40

Construction Cost Estimating

AUGUST 5, 2019

Construction estimator is mainly liable for completing any building construction projects successfully. The construction estimator has to create accurate estimation and it depends on various requirements. Good Construction Estimator should possess the following qualities :- 1. Perform complex risk analysis activities.

Estimating 40

Estimating Drawings Construction Documentation 40

Autodesk Construction Cloud

OCTOBER 21, 2022

Construction bids are critical to winning more work, so it pays to have a solid understanding of what they entail and what you can do to improve your bidding performance. . In this comprehensive guide, we’ll cover everything you need to know about construction bids. What is the Construction Bidding Process? Bid Solicitation.

Bidding 52

Bidding Construction Contractors Contract 52

Constructlaw

JUNE 30, 2021

This article summarizes the current landscape in Pennsylvania and California as COVID-19 restrictions are lifted, and highlights important considerations for employers in the construction industry in relation to vaccines and navigating a post-mask mandate world. Employer Vaccine Protocols.

Site 52

Site Pennsylvania Employment California 52

Levelset

SEPTEMBER 6, 2022

In this article, we’ll explain additional insured endorsements, and how they work in construction. Further reading: 9 Common Types of Construction Insurance Policies. Additional insured endorsements have recently drawn more attention in the construction industry. What is an additional insured? all of which operate differently.

Insurance 52

Insurance Liability Construction Contract 52

Lean Construction

MAY 27, 2020

IPD is sometimes seen as onerous and complex because it demands that owners and project teams negotiate contract terms such as the shared risk/reward pool and terms of fiscal transparency. Integrated Project Delivery (IPD) motivates teams to collaborate and Lean provides the means to achieve it.

Negotiation 40

Negotiation Agreement Risk Contract 40