Construction agreements come in many flavors, most of which are variations on two major themes ” “fixed price” (or lump sum) contracts and “cost-reimbursable” contracts. Understanding the basic themes ...

Construction contracts are essential in the construction industry, governing the relationships and responsibilities of all parties involved in a project. Whether you’re a contractor, subcontractor, or ...

A fixed price strategy is an approach where you establish a set price for each customer or client regardless of the actual time and materials used for a project. These types of contracts are common in ...

This is the second part of a two-part article dealing with the most common provisions in construction contracts and the important aspects of each provision. As a reminder, the purpose of a ...

Before starting any home renovation project, legal experts say homeowners should take the necessary legal precautions to avoid costly disputes. That starts with a solid construction contract. “A ...

A thorough contract between you and your contractor is invaluable. The written contract is designed to do two things: specify who is responsible for what and determine what to do in the event of a ...

Surety construction bonds are a fact of life if you work in the building industry. Government projects and much private-enterprise construction require you take out a surety bond to get the job. This ...

Claim notice provisions in construction contracts are common. In fact, many standard form construction contracts usually contain these types of provisions. These provisions are often implicated as the ...