Category Archives: Construction Contracts
Cost-Plus Contracts in Florida Construction Projects
Florida construction contractors know that business has been booming in recent years, and the trends look to continue according to industry experts. Statistics indicate that up to 60 percent of construction company executives forecast expansion throughout 2023. By 2024, new construction is predicted to reach $1.23 trillion. To ensure you get your piece of… Read More »
Why You Need Legal Review For Florida Construction Contracts
Florida construction contractors are busy these days, but the data reveals that growth trends are likely to continue and even increase. Statistics on construction in Florida show that revenue in this market sector is projected to hit $87.32 billion in 2023. Going forward, industry experts forecast an annual growth rate of 3.47 percent in… Read More »
5 Key Clauses In A Florida Construction Contract
Construction is a primary driver in the US economy, especially in Florida and Palm Beach County where it seems like multiple new developments are kicking off every week. According to the Associated General Contractors of America (AGC), the industry comprises more than 745,000 employees with 7.6 million construction workers on staff. Construction projects total… Read More »
Types Of Construction Contract Specifications
Florida construction projects are built upon contracts, as the rights and obligations of all involved parties are too important to entrust to a handshake agreement. The documentation must be as meticulous as possible to ensure the client is satisfied with the end result, so construction contracts include a specifications section that lays out the… Read More »
Your Guide To 5 Types Of Construction Contracts In Florida
The last couple of years have been a wild ride for Florida construction contractors, and the coming months show no signs of slowing down. Real estate professionals report that inventory remains below demand, so residential, commercial, and industrial projects will be ramping up. Florida gained 2.7 million residents according to the 2020 census, amplifying… Read More »
Ways A Florida Construction Lawyer Helps With Construction Contracts
They may not be the highlight of your day working in the Florida construction industry, but you know that contracts are an essential part of doing business. Written agreements are important for outlining the details of the project and describing the rights and responsibilities of each party. In the event of disputes or breach,… Read More »
Answers To FAQs About Acceleration In Florida Construction Contracts
Knowing that time is of the essence, parties to a Florida construction contract include specifics regarding the key milestones, deadlines, completion dates, and other details involved with the project. However, statistics on overages and delays in construction projects reveal that just under one-third come within 10 percent of their established budget because of delays…. Read More »
Liability And Damages For Breach Of A Florida Construction Contract
While there are state statutes that describe causes of action for liens, defects, and nonpayment, many disputes over Florida construction projects amount to a typical breach of contract. This is not to suggest that these matters are simple, regardless of whether you are the breaching or aggrieved party. The point is that a breach… Read More »
Overview Of Construction Manage And Design Build Contracts In Florida
You hear about the Florida construction boom in the news and see the construction cranes dotting the skylines, but you may not fully grasp the magnitude of the growth until you review a few key indicators. According to Cumming Insights, a leader in construction market analysis, the total construction market volume in Miami, FL… Read More »
Substantial Completion for Florida Contractors: Answers to Your FAQs
Contractors are well-familiar with the term “substantial completion,” and many have even had to deal with disputes arising out of it in a Florida construction contract. If you were forced to address some of the legal issues, the underlying concepts can be frustrating. The American Institute of Architects (AIA) defines substantial completion as the… Read More »
