Category Archives: Construction Contracts
What Are Hard Costs and Soft Costs in Construction?
No matter what type of construction project you are working on, you need to understand one main thing: costs. Running a large construction job is costly. It’s not uncommon to spend hundreds of thousands of dollars in materials and labor to build a home. Because of this, estimating skills are important. Accurate cost estimation… Read More »
Tips to Effectively Manage Subcontractors
As a general contractor, you likely wish you could do everything on your own and save money, but that is simply impossible. You will likely need subcontractors to help with areas such as concrete, electrical, plumbing, and HVAC. However, choosing the right subcontractor for your job is not an easy task. Unless you already… Read More »
Be Aware of Advance Payment Scams
After a hurricane or some other disaster, “contractors” seem to come out of the woodwork looking for people to take advantage of. They often show up at people’s homes, unannounced, looking for work. They offer a seemingly good deal on repairs without a contract. But they also require a huge amount of money up… Read More »
Which Type of Construction Contract Should You Use?
The construction industry can be complicated. Not only do you need to build the project according to the plans, but you also need to have the right documentation in place. A contract is essential for every type of job, but there are several types of contracts to choose from. Which one is right for… Read More »
Drywall Subcontractor May Be Ordered to Pay $3 Million in Court Costs
A construction company that lost a lawsuit several months ago may be on the hook for millions more dollars. The surety company that was part of the civil lawsuit now wants to be reimbursed for attorneys’ fees and trial costs. Suffolk Construction lost a breach of contract lawsuit against its surety company, Berkley Insurance… Read More »
D.R. Horton Complaints Mount: How Contractors Can Learn From These Mistakes
D.R. Horton is known as “America’s Builder,” but a lot of homeowners aren’t feeling the love. Across the country, customers who have bought new homes from D.R. Horton are dealing with massive problems. They feel unsafe in their own homes and the issues are taking a huge financial toll. On top of that, the… Read More »
Important Parts of a Construction Contract
If you are a contractor or a frequent client of construction projects, you know that construction contracts can be daunting. They can be multiple pages long and contain a lot of confusing jargon. While you should always read the entire contract, what should you focus on? Here are some of the most important parts… Read More »
Types of Damages in Construction Contract
When it comes to construction projects, there’s bound to be some sort of disagreement or conflict along the way. This is especially true for larger residential projects, as homeowners can be quite critical and discerning. Because of this, a contract can be a contractor’s best friend. This legal document outlines the terms and conditions… Read More »
Can a Client Sue a Late Contractor?
As a contractor, you know that delays are common in the construction industry. There’s always something holding up the project. Maybe permits are taking forever to get approved. Perhaps the materials you ordered are now on backorder. Maybe there is miscommunication with the client. Or perhaps poor weather such as rain and snow is… Read More »
Why You Shouldn’t Use Outdated Construction Contracts
Are you using the most current construction contracts? If you’re not sure, you better double-check because there could be dangers in using outdated contracts. A Supreme Court decision proved this. The court found an arbitration provision unenforceable when the contract stated that all claims “shall be submitted to arbitration before the Southern Arbitration and… Read More »
