Remove Lien Remove Negotiation Remove Presentations Remove Subcontracting
article thumbnail

Litigation Topics for Prime / Subcontractor Contracts

Construction Law Monitor

Here both parties need to negotiate terms to better protect when a dispute arises. Commonly litigated subcontract provisions. Lien Waivers. Prime/Subcontractors Contracts. Contracts between prime/general contractors and their subcontractors make up a vital link in the construction project chain. “Pay-when-paid” v.

article thumbnail

Job Order Contracting – Best Practices Implementation

Building Information Management

Labor costs will be reimbursed to the Contractor at the unit price rate multiplied by the Contractor negotiated coefficient(s). As per the Owner’s General Conditions, a worker with overall project supervisory authority is to be present on the job site at all time. Subcontracts. Execution Procedures.

professionals

Sign Up for our Newsletter

This site is protected by reCAPTCHA and the Google Privacy Policy and Terms of Service apply.

article thumbnail

STATE INCENTIVES GUIDE

Buisness Facilities Contributed Content

The private sector participant finances 50 percent of the project cost and takes a first lien on assets pledged as collateral. The SBA takes a second lien on assets and finances up to 40 percent of the project cost, up to $1 million in some cases. Borrowers inject 10 percent in the form of cash or equity in real estate.

Income 75
article thumbnail

State by State Incentives Guide

Buisness Facilities Contributed Content

The terms are negotiated specific to each firm’s individual needs and situation with a maximum limit of 3% of Capital Expenditures. High Impact Performance Incentive: A negotiated grant used to attract and grow major high impact facilities in Florida. For more information visit [link] or contact Bernice Whaley , Deputy Director.

Income 108
article thumbnail

A Primer on MasterFormat & Improving Construction Project Collaboration

Building Information Management

Standardizing the presentation of renovation, repair, maintenance, and new construction tasks and costs improves communication and collaboration among all parties, as well as helps to assure financial transparency/. design/negotiate/build). 00 52 14 Subcontract Form – Stipulated Sum (design/bid/build or. Requirements.

article thumbnail

A Primer on MasterFormat & Improving Construction Project Collaboration

Building Information Management

Standardizing the presentation of renovation, repair, maintenance, and new construction tasks and costs improves communication and collaboration among all parties, as well as helps to assure financial transparency. . design/negotiate/build). 00 52 14 Subcontract Form – Stipulated Sum (design/bid/build or. Requirements.