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. Termination Termination: fortune may favour the brave (and well-prepared) Termination of contracts is on the rise, even though it is still regarded as a last resort, one that carries risks.

Construction 52

Construction Liability Risk Contract 52

Fieldwire

AUGUST 14, 2023

The practice dates back to the 1840s, dreamed up as a measure to reduce the owner’s risk and ensure that the project is fully completed according to the job specifications. Retainage is up for negotiation Retainage is not set in stone. Every contract is negotiable, including what percentage is retained and for how long.

Contractors 98

Contractors Cash Flow Lien Negotiation 98

Autodesk Construction Cloud

JULY 13, 2023

Not only does this improve accountability, it also fosters a sense of trust and builds your reputation. .” – Camille Hardin , Project Manager, Flint Builders Manage risk and costs Strategic construction professionals are always thinking about mitigating risks and lowering expenses. We typically become more accepting of risk.

Profitability 98

Profitability Risk Construction Autodesk 98

Wolgast Corporation

APRIL 25, 2022

This new building can be built to suit your operational needs rather than trying to fit your operation into an existing floor plan, and with limited risk to your business. The developer reviews the business owner/lessee’s business financials and determines that he or she is a qualified candidate to take on the risk of building their building.

Leases 62

Leases Risk Finance Negotiation 62

Business Facilities

OCTOBER 24, 2017

Companies are asking themselves in the wake of these catastrophic and costly storms, are we adequately evaluating the risk of natural disasters when deciding where to locate new facilities? This initial GIS screening is the optimal opportunity to incorporate natural disaster risk potential into a site selection evaluation.

Risk 42

Risk Site Puerto Rico California 42

Levelset

APRIL 15, 2022

When a property owner files an insurance claim to cover a restoration or roofing project, the owner typically deals directly with the insurance company. They may not have the funds available to pay the contractor out of pocket, so they’re counting on that insurance check to cover the construction costs. Setting up an AOB.

Insurance 52

Insurance Contractors Lien Claims 52

Wolgast Corporation

DECEMBER 12, 2022

Sensibly, we understand that sharing a budget feels risky because it shows the owners “full hand” so to speak in poker terms and he or she could feel like it reduces the opportunity to negotiate. Also, we will know up front if we need to alternate the scope of the building and by how much after estimating is complete.

Budgeting 126

Budgeting Budget Estimating Construction 126

Autodesk Construction Cloud

JULY 13, 2023

Not only does this improve accountability, it also fosters a sense of trust and builds your reputation. .” - Camille Hardin , Project Manager, Flint Builders Manage risk and costs Strategic construction professionals are always thinking about mitigating risks and lowering expenses. We typically become more accepting of risk.

Profitability 52

Profitability Risk Construction Autodesk 52

Construction and Infrastructure Law

JANUARY 9, 2020

Indemnification clauses appear in nearly every agreement, but they are often overlooked as mere boilerplate provisions after the parties have painstakingly negotiated all of the other terms. A standard or canned indemnification clause might work to undo all of the effort that has gone into properly allocating risk. Code § 2782; N.Y.

Liability 90

Liability Agreement Drafting Insurance 90

Construction and Infrastructure Law

JANUARY 9, 2020

Indemnification clauses appear in nearly every agreement, but they are often overlooked as mere boilerplate provisions after the parties have painstakingly negotiated all of the other terms. A standard or canned indemnification clause might work to undo all of the effort that has gone into properly allocating risk. Code § 2782; N.Y.

Liability 52

Liability Agreement Drafting Insurance 52

Construction Law

OCTOBER 3, 2022

Contracts were being used that were held to inappropriately allocate risk, which was probably being obscured within the preponderance of complex procurement and contracting processes. One of the few positive notes is struck by the fact that some 34% of disputes were settled by negotiation at senior management levels.

Industrial 52

Industrial Contract Consulting Negotiation 52

Construction Law Monitor

AUGUST 9, 2011

Liberty Mutual Insurance Company (“Sloan”), the US Court of Appeals for the Third Circuit has an in depth discussion regarding some technical yet very important clauses found within many construction contracts between general contractor, subcontractors, owner and the surety. In a recent decision, Sloan & Company v.

Agreement 57

Agreement Contract Insurance Construction 57

Construction Lawyer

MAY 13, 2009

In other words, you use the stuff we post here at your own risk. Risks in LEED design. There is an interesting discussion of some issues and risks to design professionals involving LEED projects at [link]. Architects often underestimate the risks associated with LEED projects. TrackBack URL for this entry: [link].

Risk 40

Risk Design Illinois AIA 40

Constructonomics

JANUARY 28, 2010

However, when tax dollars are in the mix, I would think that it is difficult to justify not taking the low bid especially if they can provide the bonding and insurance requirements. IPD is a negotiated form of project delivery where risk and reward are shared among the owner, architect, prime contractor, and sometimes even subcontractors.

Bidding 149

Bidding Negotiation Liability Risk 149

A David Creation

NOVEMBER 18, 2020

This is a great time to negotiate 2021 prices with these vendors. Geico, as a well-known example, has done an incredible job pushing their main message to consumers: “15 minutes could save you 15% or more on your __ insurance.” Don’t risk it! Take Advantage of Great Rates from Marketing Vendors.

Profitability 52

Profitability Negotiation Insurance Budgeting 52

Constructlaw

DECEMBER 7, 2020

Halprin: At the risk of stating the obvious, the pan­demic has had a tremendous impact on filings. According to another, in the United States, there are pre­sently more than 1,250 pandemic insurance litigations. According to one study, there are presently more than 5,300 pandemic-related filings in the United States.

Claims 40

Claims Insurance Bankruptcy Legal 40

CivilJungle

DECEMBER 21, 2021

Information of Construction Risk Management. Construction risk management is a long steep process, in which we have to calculate the all-possible risk and determine the process by which we can reduce this type of risk. Where we identify, analyze the risks and work over them. What Is Construction Risk Management ?

Risk 52

Risk Management Contractors Construction 52

Construction Law Monitor

APRIL 15, 2015

Due to this misinformation, many contractors either avoid projects requiring bonds, thus missing great work opportunities; or sometimes even operate without them, which jeopardizes their legal standing and puts their whole company at risk. Currently, the company that provided bonding to Truland, XL Specialty Insurance Co.,

Insurance 40

Insurance Bankruptcy Contract Claims 40

FDR Safety

JANUARY 21, 2015

Because of the diversity of views and the divergent interests of all the stakeholders affected by the commercial truck and bus industries, including carriers, safety groups, insurers, police, etc., the USDOT has announced that it intends to undertake a negotiated rule-making or “RegNeg.”.

Safety 120

Safety Roads Drafting Defense 120

Construction Cost Estimating

MAY 12, 2015

Recognize possible risk and opportunities and elevate these as correct. Knowledge for providing and acquiring Insurance, Bonds and Warranties. Excellent negotiation skills with both internal and external customers. Help in making valuations and claims and make sure that these are compliant with appropriate records.

Cash Flow 40

Cash Flow Commercial Contract BIM 40

Construction Law Monitor

JULY 12, 2011

The hearty list of online services offered by CSLB includes, checking on a license, filing a complaint, the full database of all licensed contractors, processing times, searches for surety bond companies and workers comp insurance companies. As always seek the advice of legal counsel when contemplating licensing, contracting, and negotiating.

Contractors 54

Contractors California Legal Resource 54

Contractor Bookkeeping

JUNE 20, 2014

Insurance - Is critical to your construction company. General Liability and Auto/rental equipment insurance can help protect you and your company against claims for personal injury and property damage, and may provide you with legal defense of those claims. Employees - Bring lots of flexibility and responsibility.

Insurance 48

Insurance Construction Accounting Claims 48

Autodesk Construction Cloud

FEBRUARY 3, 2023

Additionally, clarify who will be the authorized representative for the negotiation of change orders. Autodesk Construction Cloud’s preconstruction solutions help teams set up every project for success by saving time and reducing risk. Clarify who is authorized to issue change orders and any associated financial limitations.

Change Orders 52

Change Orders Documentation Schedule Budgeting 52

Contractor Bookkeeping

JUNE 15, 2012

Insurance - Is critical to your construction company. General Liability and Auto/rental equipment insurance can help protect you and your company against claims for personal injury and property damage, and may provide you with legal defense of those claims. Employees - Bring lots of flexibility and responsibility.

Contractors 48

Contractors Insurance Claims Lien 48

Construction Law Monitor

APRIL 15, 2015

Due to this misinformation, many contractors either avoid projects requiring bonds, thus missing great work opportunities; or sometimes even operate without them, which jeopardizes their legal standing and puts their whole company at risk. Currently, the company that provided bonding to Truland, XL Specialty Insurance Co.,

Insurance 40

Insurance Bankruptcy Contract Contractors 40

Contractor Bookkeeping

JANUARY 2, 2015

Insurance - Is critical to your construction company. General Liability and Auto/rental equipment insurance can help protect you and your company against claims for personal injury and property damage, and may provide you with legal defense of those claims. Understand When A Transaction Is Income - And when it is not income.

Construction 48

Construction Insurance Accounting Claims 48

Construction Law Monitor

NOVEMBER 2, 2011

Here both parties need to negotiate terms to better protect when a dispute arises. There are a number of provisions which could be contained in a prime/subcontractor contract that need to raise a red flag when present and should be negotiated by either party so as to keep the contract from becoming one-sided. Indemnity Clauses.

Contract 56

Contract Change Orders Lien Contractors 56

Help Everybody Everyday

MARCH 6, 2009

Attempts to make you indemnify the entire project or insure the upstream party for its own acts. Should any questions arise during contract negotiations, consult with an attorney knowledgeable in construction law to assure that your rights are protected. Deal Breakers.

Contract 48

Contract Claims Legal Lien 48

Building Information Management

MARCH 7, 2012

Accordingly, the risk profile and allocation change significantly from other traditionaldelivery methods. Lastly, risk sharing is another advantage both. Negotiation. relationship insuring that the alignment between the owner and contractor is well established. Negotiation. It is intended for large-size projects.

Contract 49

Contract BIM Missouri Contractors 49

Autodesk Construction Cloud

SEPTEMBER 1, 2022

They also include overhead costs such as insurance, mileage, a portion of your office rent. There’s seemingly no risk of losing money on materials. These agreements limit the cost-risk for the customer. It also places the majority of the risks on the contractor. The risk and reward parties (i.e.,

Contract 98

Contract Maine Construction Agreement 98

Construction Cost Estimating

JULY 1, 2014

These uncertainties are risks to the project. Some refer to these risks as "known-unknowns" because the estimator is aware of them, and based on past experience, can even estimate their probable costs. The estimated costs of the known-unknowns is referred to by cost estimators as cost contingency.

Estimating 45

Estimating Construction Products Overhead 45

Construction Lawyer

APRIL 3, 2012

In other words, you use the stuff we post here at your own risk.  Following VETS submission of the Initial Claim, VETS and LaSalle jointly negotiated with the U.S. Although we believe the information is accurate, we do not warrant the accuracy of this information and we do not intend that you rely on this information. Categories.

Claims 40

Claims Agreement Illinois Subcontracting 40

Construction Lawyer

MAY 2, 2012

In other words, you use the stuff we post here at your own risk. The fact that Saunders had no ability to negotiate the terms of the agreement was not sufficient to render it unconscionable under New York law. The laws of each state are different and each situation is unique. Unlimited liability for designers and contractors.

Contract 40

Contract Illinois Legal Construction 40

Buisness Facilities Contributed Content

APRIL 8, 2013

Main Street Disaster Relief: This program provides guarantees of up to $500,000 for commercial lines of credit to businesses that need access to cash to improve their damaged property while awaiting insurance proceeds. Loans of higher amounts may be offered to eligible businesses that are at risk of closure or significant employment loss.

New Jersey 60

New Jersey NJ New York Banking 60

Buisness Facilities Contributed Content

APRIL 15, 2014

CAPCO financing, an alternative to conventional bank financing, can accommodate a slightly higher risk profile and provide a more flexible structure for growing businesses. The exceptions are for financial institutions, financial institution groups, and insurance companies that have a maximum business privilege tax of $3,000,000.

Income 108

Income Finance Zoning Employment 108

Buisness Facilities Contributed Content

MARCH 21, 2014

CAPCO financing, an alternative to conventional bank financing, can accommodate a slightly higher risk profile and provide a more flexible structure for growing businesses. The second mortgage, long-term, fixed-rate financing allows banks to participate in business expansion by reducing risk exposure.

Income 75

Income Finance Zoning Equipment 75

Buisness Facilities Contributed Content

APRIL 18, 2013

Today, more than 500 of the businesses directly impacted by the storm have reopened, retaining more than 4,500 jobs in Joplin that had been considered “at risk.” Taxpayers may apply 10 percent of the total credit amount per year over a ten-year period against their corporate business tax, insurance premiums tax or gross income tax liability.

El Paso 106

El Paso Indianapolis Zoning New Jersey 106