Did you know that construction trust funds can be used as another avenue for payment for the subcontractor? Construction trust funds are funds that are earmarked for work you have performed on a Property.
This process relieves the property and the property owner of the lien claim while the dispute is litigated. Let’s talk about bonds to indemnify against liens.
Property owners typically require the general contractor of large private projects to obtain a performance and payment bond from a surety. This blog covers the difference between payment bonds and performance bonds, and when they are required.
Before a claimant can assert a claim or action on the bond, it must perfect its bond claim.
Understanding how the bonding process works can help subcontractors win profitable bids and secure their right to payment.
In this article, we delve into how daily reports are used and how you could be in breach of contract.
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!
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.
You can plan and prepare for your company’s response and liability when an accident occurs. That is why it is so essential to understand your responsibility before an accident happens and be able to protect yourself from potential accidents through your construction contracts.
Arbitration is a dispute resolution process that is the most similar to the traditional litigation process held in our Texas Court System. In arbitration, parties pay a fee to have a case heard by an impartial third party, who has full authority to make a final and binding decision regarding the dispute.
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