Jason Lambert | Construction Executive Few things can dampen the thrill and promise of a newly closed construction deal than the realization that it could quickly become a losing proposition for the contractor depending on economic and other conditions. In an era of instant information, constantly adjusting markets and political extremes, projects that start under… Continue reading Contract Provisions That Help Manage Risk on Long-Term Projects
Tag: Construction Contract Provisions
Pay-When-Paid: What is a Reasonable Amount of Time to Withhold Payments to a Subcontractor?
Brent R. Laman | Smith Currie & Hancock In an early Rolling Stones classic, Mick Jagger sang, “Ti-i-i-ime is on my side.” The refrain to that hit melody “yes it is” appears to hold true if you are a subcontractor in New York looking to get paid for completed work even while the owner and… Continue reading Pay-When-Paid: What is a Reasonable Amount of Time to Withhold Payments to a Subcontractor?
Signing a Construction Contract in the Middle of the Coronavirus Pandemic . . . Two Contract Clauses to Consider
R. Thomas Dunn | Solid Foundation: A Construction Law Blog There is rightfully a lot of buzz in the industry about force majeure clauses. Authors are writing about how far and how much they protect contracting parties from unforeseen and uncontrollable events that cause delay. While the standard AIA, ConsensusDocs, or other industry form contract time extension… Continue reading Signing a Construction Contract in the Middle of the Coronavirus Pandemic . . . Two Contract Clauses to Consider
Constructing A Contingency Plan For Coronavirus
Daniel Miktus | Akerman Drafting Construction Contracts to Address Potential Risks and Impacts from Infectious Disease Parties to large commercial and residential construction projects typically enter into complex contract agreements that lay out each party’s rights and responsibilities in exacting detail. These agreements – which can be between project owners, contractors, subcontractors, suppliers, architects, and… Continue reading Constructing A Contingency Plan For Coronavirus
Construction Contract Provisions that Should Pique Your Interest
Christopher G. Hill | Construction Law Musings | July 30, 2019 Construction contracts are a big part of my legal practice and the drumbeat here at Construction Law Musings. Why? Because not only does your construction contract set the expectations and “rules of the game” for a construction project, it will be read strictly and literally by the Virginia courts should there… Continue reading Construction Contract Provisions that Should Pique Your Interest