Why the Infrastructure Bill Makes 2022 Construction Contracts A Challenge
2022 is full of opportunities for the construction industry. As the 2021 Infrastructure Bill nears becoming law, it is vital for contractors to understand its impact. While the bill will open up opportunities, it will also come with challenges, which is especially true with regard to writing bids and contracts. We have discussed contract considerations for the construction […]
Construction Delays & Project Disruptions | What You Need to Know
Unexpected construction delays, soaring prices, and project disruptions outside of a builder’s control can leave a builder at risk for the resulting inability to complete a project timely. These disruptions can come from many sources, including natural disasters, unusually severe weather, and labor strikes. As demonstrated in 2020, however, disruptions might come from a pandemic […]
Price Escalation Clauses | What You Need to Know as Lumber Prices Soar!
Price escalation clauses have never been more important than in 2021! Recent weeks have shown a decrease in futures trading for the lumber market. Nevertheless, a downward trend in pricing remains weeks to months away. During this time, builders must still write contracts and sell homes. Questions looming over contracts include: Have we reached the […]
Mechanic’s Lien Attorney | How to Know I Need One
A Mechanic’s Lien Attorney helps navigate the complex world of lien laws. Mechanic’s Liens can be a valuable tool to ensure protections for contractors, sub-contractors, and property owners. However, when poorly written, mechanic’s liens can create disputes. This can lead to project delays, lawsuits, lost wages, and deferred payments. Mechanic’s Lien Attorneys Can Help Write […]
How Construction Contract Allowances and Contingencies Can Help You Prevent Conflicts and Disputes
Many construction contract prices include amounts designated as an allowance or a contingency. Too often, the parties’ misunderstanding of what those designations mean causes disputes. To reduce those disputes, it is not only crucial that the construction contract clearly defines these classifications of costs, but that the parties also have a good understanding of the […]