David K. Taylor | BuildSmart Here’s the Scenario: After months of working with a new developer client (and providing hours of unreimbursed value engineering) and hard negotiations over the cost plus GMP contract (fighting over indemnity/escalation/savings/liquidated damage clauses), you have a deal. You pop a cork with all involved since the developer has said this is… Continue reading Prime Contractor Beware, No. 1: Watch Out for Owner/Lender Consent and Assignment Agreements
Month: October 2022
What Are The Different Kinds Of Construction Claims?
KPPB Law The process of completing new construction requires communication and adaptability from all involved parties. However, when a project fails to adhere to the agreed upon scope, price or details, both contractors and owners may have the grounds to pursue legal action against the other. Helping you to navigate such claims, whether you are… Continue reading What Are The Different Kinds Of Construction Claims?
Florida Building Codes Made a Big Difference for Newer Homes in Ian, Reports Show
William Rabb | Insurance Journal In the hardest-hit parts of southwest Florida, many newer structures survived remarkably intact in Hurricane Ian’s winds, suggesting that updated Florida building codes are making a difference in reducing property losses, according to early assessments. “From what I saw, the structures and roof systems that were installed since the last… Continue reading Florida Building Codes Made a Big Difference for Newer Homes in Ian, Reports Show
The Future Has Arrived: New Technologies in Construction
Sarah Biser | ConsensusDocs The construction industry has traditionally been slow to adapt to new technologies, but things are changing. Construction companies are keen to control costs (including increased costs due to supply chain issues), improve efficiency, maintain productivity while dealing with labor shortages, and enhance safety, and protect data bases from cyberattacks. New technologies,… Continue reading The Future Has Arrived: New Technologies in Construction
Select the Best Contract Model to Mitigate Risk and Achieve Energy Project Success
Gregory S. Seador | Construction Executive Power and energy projects are inherently complex and risky. Therefore, management and proper allocation of risk among project participants are essential to success. Careful drafting of the engineering, procurement and construction (EPC) contract is a critical first step in managing risk. The standard contract format used for power and… Continue reading Select the Best Contract Model to Mitigate Risk and Achieve Energy Project Success