Category Archives: Construction Contracts
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 »
What to Know Before Signing a Construction Project
If you’re a homeowner looking to add on to your home or remodel portions of it, you’re looking at a hefty expense. A remodel can cost anywhere from a few thousand to a few hundred thousand dollars. Because there’s so much at stake, it’s important to have a solid construction contract in place. A… Read More »
Deciphering Construction Contract Jargon
Every industry has its own lingo and jargon. The construction industry is no exception. While construction has been around for thousands of years, it can be confusing for those just entering the trade due to a specialized language developed over time. While the average construction professional may understand terms like “change order,” “submittal,” and … Read More »
Best Ways to Resolve Construction Disputes
If you’re the general contractor for a large construction project, you can bet that you will experience some hiccups along the way. Sometimes there may be minor issues that you can resolve easily with the client. In other cases, disputes can cause delays, cost money, and threaten the overall progress of your job. While… Read More »
Florida Contractor Concerns for 2025
Construction is expected to be on the rise in Florida this year. Construction companies are seeing more communication from prospective clients now that the election is over. While this may seem like good news, of course there are concerns. A survey shows that 46% of Florida respondents cite material costs as a top concern…. Read More »
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 »
