Delay Damages: Why the Schedule You Agree to Matters
Most construction contracts have a schedule for the progress of the work. Along with a schedule, most construction contracts will include a financial punishment for failing to complete your work on time. This penalty is known as a delay damage.
Subcontractor Termination: Hasta la vista, baby!
Most subcontractors think when they get terminated on a construction job that their responsibility to the project ends there. But that may not be the case.
Subcontractor Termination vs. Default
Understanding how defaults and terminations work as referenced in a subcontract is essential to your company’s success.
Prior Work: Work of the Subcontractors Before You
If you do not document everything and read certain provisions carefully, you could end up being sued or liable for payment for damages for work that were not even your responsibility. This is why you should be concerned with prior work: the work of the subcontractors before you.
Subcontractor Field Conditions
Knowing your scope of work and your field conditions is so important when signing onto a new job. Make sure you are aware of all the specific terms in your subcontract and survey the site before agreeing to anything. If you don’t, you might find yourself incurring expensive litigation costs to fight disputes after the fact. Our latest blog will break down what field conditions are and what you should be on the lookout for to C.Y.A. on all your future projects.
The Background on Bonds: What Subcontractors Need to Know
Understanding how the bonding process works can help subcontractors win profitable bids and secure their right to payment.
Daily Reports
In this article, we delve into how daily reports are used and how you could be in breach of contract.
Change Orders: Document Everything and Be Detailed
In this blog, we’ll examine three common questions related to construction change orders. Our most important advice when it comes to change orders: document everything and be detailed about it!
Change Orders: Common Pitfalls
Construction projects rarely go according to plan; there are so many unpredictable factors that it’s impossible to create the perfect plan. There may be times when the owner wants to modify the project. This could change the scope of your work, the amount owed for the project, or the time needed to complete the project. This is where the change order comes into play. Let’s take a look at the basics of change orders in construction, and the common pitfalls contractors face.
The Relationship Between Worker Safety and Indemnification Clauses
You need to be aware if an indemnification clause exists in your contract. If it does, be mindful that workers’ compensation may not be the end of your liability for the incident or injury that occurred.