Construction contracts typically allow contractors to be paid in installments as certain percentages of their work is completed or as certain milestones are met.
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On March 11, 2020, the NBA suspended its season after a player on the Utah Jazz preliminarily tested positive for COVID-19.
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It is not hyperbole to say that the whole world is in the midst of unprecedented times. Although the federal government has not issued specific mandates to the construction industry, states and cities have enacted their own policies, first as part of “stay at home” and not as part of “return to work” orders. At each end of the stay-return spectrum, most jurisdictions have deemed construction an “essential business,” allowing projects to continue.
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The coronavirus pandemic has prevented countless people from fulfilling their contracts, from basketball players to babysitters.
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No matter how perfect a set of drawings may appear at the beginning of a project, the scope of the work will invariably change. The easiest and best way to deal with change, and its resulting effects on schedule and contract price, is through a change order mutually executed by an owner and a contractor.
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Read More »Carpenters, laborers and cement masons unions have each reached a longer deal in a cycle of contract negotiations that wrapped up recently, a sign that contractors are confident about the years ahead.
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It is construction contracting 101: get the contract signed before the shovels hit the dirt.
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When a barn in rural Dane County halfway collapsed during a storm in 2013, killing cows and damaging property, everyone knew it was going to cost a lot to pick up the pieces.
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Productivity is essential for a construction project to be profitable.
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Standard-form construction contracts are ubiquitous in the industry and for good reason.
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