Increased Material Costs Leave Contractors Asking about Contract Protections

Jodie Clark McDougal | Davis Brown Law Firm We are hearing about a budget pinch from many homebuilder and general contractor clients tied to the substantial increases in the cost of lumber and other materials; HBA Iowa reports about an 80% increase in lumber costs since mid-April. As the cost of materials for build projects soars, builders… Continue reading Increased Material Costs Leave Contractors Asking about Contract Protections

Seeking Certainty in Uncertain Times: Employing Cost-Plus Construction Contracts in 2020

Janeia Brounson and Carl Pebworth | Faegre Drinker With the uncertainty of COVID-19 impacting construction projects in new and unfamiliar ways, choosing the right construction contract format has never been more important. A cost-plus contract — also known as a cost-reimbursement contract — can offer an attractive project format in the current construction environment. Defining… Continue reading Seeking Certainty in Uncertain Times: Employing Cost-Plus Construction Contracts in 2020

Lump Sum or Cost-Plus Contract: You Can’t Have It Both Ways

Matthew DeVries | Best Practices Construction Law As a single dad of a handful of kids, my evenings and weekends are always a joyful ride. Just last weekend, I had a mini trial with one of my Littles who, get this, wanted to spend the night at a friend’s house, but also wanted to go… Continue reading Lump Sum or Cost-Plus Contract: You Can’t Have It Both Ways

Cost-Plus Contract and the Disorganized Contractor

I’Ashea Myles-Dihigo | The Dispute Resolver | September 6, 2017 Some contractors are better at record keeping than others.  I always seem to run into this issue when I working with a client and I’ve asked them to provide me with all of their records regarding the project.  The usual answer that I get is, “I don’t… Continue reading Cost-Plus Contract and the Disorganized Contractor

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