Category Archives: Construction Contracts
Construction Contract Terms Every Builder Needs to Know
Building any type of structure requires experience and knowledge. The construction industry is rife with complex procedure and terminology. A strong grasp of construction terminology is an important part of running projects efficiently from planning through completion. Every builder needs to be knowledgeable about their jobs and that means adding some new words to… Read More »
Essential Elements Every Construction Contract Should Include
No construction project should begin without a solid contract in place. A well-drafted contract creates a roadmap for the entire project, helping builders and homeowners set expectations, avoid misunderstandings, and address problems before they become costly disputes. Every construction project is unique. However, there are several key provisions that should be included in nearly… Read More »
Top Construction Clauses That Lead to Disputes
Construction contracts are complicated documents that tend to include a lot of details. They also tend to contain provisions that become the focus of disputes when a project runs into problems. A good contract can help prevent disputes, but sometimes certain clauses cause more harm than good. Three of the most commonly litigated clauses… Read More »
How Ambiguous Contract Language Hurts Contractors
How well do you understand the contract you just gave your client? How well do they understand it? Are all sections clear? Do all the parties involved understand the scope of the work and the payment schedule? It is important to answer these questions honestly because ambiguity in construction contracts is very common. When… Read More »
Are Oral Contracts Enforceable?
When it comes to making promises, contractors may wonder: Can what I say be used against me in the form of a contract? In some cases, yes. While a written contract is the gold standard when it comes to enforcement and other legalities, an oral contract may be enforceable. However, proving that one existed… Read More »
Construction Contract Prompt Payment Law
When you work for yourself and you are your own boss, getting paid can be a challenge. This is especially true in the construction industry. Customers, especially private parties, often delay payment for as long as possible, causing stalled projects as well as immense frustration. The good news is that, as a general contractor,… Read More »
Family First Roofing Group Accused of Roofing Scam
Dozens of Sarasota-area homeowners are speaking out after paying thousands of dollars to Family First Roofing for projects that were never completed. Instead of new roofs, many were left with empty promises and financial losses. The company, based in North Sarasota, has blamed the situation on “internal fraud” and embezzlement by former employees. In… Read More »
How Contractors Can Maintain Cash Reserves
Construction projects take a lot of money to complete. You can’t get all the money from the client at once, so you have to manage your payments and cash reserves. Cash reserves? Yep, you should have a significant amount of money saved up to help pay for expenses that may not be covered by… Read More »
Controlling Material Costs in the Construction Industry
With President Donald Trump calling for tariffs on imported goods, consumers are likely to feel the pinch as retailers expect consumers to eat the costs. So are general contractors. Building materials such as lumber and steel will come with tariffs that will greatly impact the cost. In fact, builders estimate that the recent tariff… Read More »
Getting Payment From Customers
Contractors know that working with customers can be a challenge at times, especially when it comes to getting paid. Customers will often delay payment or even avoid paying contractors at all for a variety of reasons. Maybe they’re extremely picky and want you to fix a bunch of things before they’ll pay you. Perhaps… Read More »
