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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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.Read More »
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.Read More »