Understanding Escalation Clauses in Homebuilder Contracts

What homebuyers need to know about escalation clauses

bizjournals bizjournals | 1 year ago

People who have signed contracts with homebuilders recently may be surprised to see an unexpected line item in their contracts: escalation clauses. While the wording and terms of escalation clauses can vary per contract, their purpose is the same. They require the homebuyer to cover an agreed-upon portion of material and labor costs that increase from the time the contract is signed to the time the build is complete. For example, let’s imagine a homebuyer signs a builder contract for a $1 ...

Here's what Kansas City homebuyers need to know about mortgages

bizjournals bizjournals | 1 year ago

For homebuyers, the world of mortgages can be arcane and complicated. A Q&A with a Kansas City expert sheds light on what buyers should know about buying a mortgage and how lenders make money.

What are the Escalation Clauses in construction industry?

constructionplacements constructionplacemen... | 1 year ago

Last Updated on July 2, 2022 by Admin Construction project cost escalation is the difference between actual project costs (after construction) and preliminary budget projections. Numerous things, including design modifications and the high cost of materials, equipment, and labor, might contribute to this (i.e., more than initially anticipated). The cost of their projects is something those general contractors spend a lot of time balancing. They need to keep their material, labor, and overhead co...

What Facility Executives Need to Know About Destratification Fans

Creating Intelligent Buildings Creating Intelligent... | 1 year ago

Destratification fans can help save energy, purify air, and increase occupant comfort in a variety of settings including warehouses, manufacturing facilities, and office buildings.

What You Need to Know About Parking Moving Equipment

upack upack | 1 year ago

Avoiding parking problems on moving day It’s important to arrange for legal parking on both ends of your move to avoid unpleasant surprises like fines or tickets. No matter what type of equipment you’re using — like a U-Pack® moving trailer or ReloCube® containers — be sure to plan ahead. ...

What You Need to Know About the DFW Office Market

kbs kbs | 1 year ago

In an interview with Commercial Property Executive, Giovanni Cordoves, regional president of Western U.S. at KBS, an office investor in the market, spoke about demand for move-in-ready spaces and increased tenant interest in health and wellness amenities. The post What You Need to Know About the DFW Office Market appeared first on KBS.

What Contractors Need to Know About Risk Management in Construction

constructconnect constructconnect | 1 year ago

Construction Risk Management: What Contractors Should Know As a construction contractor, you likely contend with multiple risks each day. Every project on which you perform work is unique and likely involves both risks and potential benefits. To be more successful, you must understand how to identify and manage risks on construction projects to help avoid potentially detrimental issues. Effective risk management might also help you evaluate potential projects and determine when a project might i...

Short Selling: What You Need To Know About Shorting Stocks

fortunebuilders fortunebuilders | 1 year ago

The movie The Big Short was possibly the first time short selling caught widespread attention in modern history, but you need a lot more than the basic explanations offered by the movie if you want to get into short selling yourself. Shorting stocks is both a potentially lucrative investment strategy and a controversial one. Short sellers are often infamous, and short selling comes with many risks that investors usually want to avoid. But, once you know how to short a stock, and when shorting ...

What You Need to Know About Engineered Timber Construction

hie-ce hie-ce | 2 years ago

Wood timbers used for the construction of walls, joists, flooring, and furnishings are a popular choice. Natural wood is a renewable resource, offers good strength and durability, and has an attractive look and feel. There are some downsides to using natural wood timbers, but timbers, engineered wood, an affordable alternative, offers even more advantages when […]