Autodesk Construction Cloud
NOVEMBER 15, 2021
For this reason, construction professionals must find better ways to craft and negotiate agreements. She recalls her experience speaking with a fellow attorney who had to go through a 129-page subcontract that could have been cut down to ten pages. This starts with using contracts that people can easily comprehend.
Best Practices Construction Law
NOVEMBER 21, 2019
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. Court of Appeals for the 4th Circuit concluded that a “pay if paid” clause in a subcontract was not ambiguous and, therefore, enforceable against the subcontractor.
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Construction Law Monitor
NOVEMBER 2, 2011
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.
Construction Lawyer
MAY 2, 2012
provided that if arbitration is provided for in the "Contract Documents," Mortenson "in its sole discretion" may demand arbitration of any dispute under the subcontract. The 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.
Construction Lawyer
APRIL 3, 2012
April 2, 2012), dismissed an action by a subcontractor against the general because there was an agreement to arbitrate in the subcontract. The Subcontract incorporated the terms and conditions of the Prime Contract by reference. Following VETS submission of the Initial Claim, VETS and LaSalle jointly negotiated with the U.S.
Building Information Management
APRIL 24, 2016
Labor costs will be reimbursed to the Contractor at the unit price rate multiplied by the Contractor negotiated coefficient(s). Supervisory costs are to be part of Contractor’s negotiated coefficient and will not be reimbursed as a separate labor. Subcontracts. Execution Procedures.
Buisness Facilities Contributed Content
MARCH 21, 2014
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.
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