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The Dotted Line: Cost escalations lead to more disputes

The Dotted Line: Cost escalations lead to more disputes

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The Dotted Line: Cost escalations lead to more disputes
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The Dotted Line: Cost escalations lead to more disputes
The Dotted Line: Cost escalations lead to more disputes
The Dotted Line: Cost escalations lead to more disputes
The Dotted Line: Cost escalations lead to more disputes
constructiondive constructiondive | 1 year ago
As inflation grabs headlines and causes sweaty brows, construction input prices have risen even more, up 13% year over year, significantly higher than the overall 8% inflation rate.   Rose Suriano Courtesy of Brach Eichler   Now those price hikes are causing another kind of increase. Attorneys say the number of disputes between contractors, subs and owners over who should bear the higher costs is also growing. “The floodgates of litigation have opened because there are substantial lo...
As inflation grabs headlines and causes sweaty brows, construction input prices have risen even more, up 13% year over year, significantly higher than the overall 8% inflation rate.   Rose Suriano Courtesy of Brach Eichler   Now those price hikes are causing another kind of increase. Attorneys say the number of disputes between contractors, subs and owners over who should bear the higher costs is also growing. “The floodgates of litigation have opened because there are substantial lo...
The Dotted Line: Virginia bans 'pay-if-paid' contract language
The Dotted Line: Virginia bans 'pay-if-paid' contract language
The Dotted Line: Virginia bans 'pay-if-paid' contract language
The Dotted Line: Virginia bans 'pay-if-paid' contract language
constructiondive constructiondive | 1 year ago
Construction subcontractors in Virginia can now breathe a little easier when it comes to getting paid for their work.   In April, Virginia Gov. Glenn Youngkin signed into law SB550, which prohibits the use of “pay-if-paid” clauses in construction contracts. In doing so, Virginia joined a handful of states that have some type of statutory ban on a common, but also controversial, legal term of art in construction contracts. Pay-if-paid clauses shift the risk of getting paid for completed wo...
Construction subcontractors in Virginia can now breathe a little easier when it comes to getting paid for their work.   In April, Virginia Gov. Glenn Youngkin signed into law SB550, which prohibits the use of “pay-if-paid” clauses in construction contracts. In doing so, Virginia joined a handful of states that have some type of statutory ban on a common, but also controversial, legal term of art in construction contracts. Pay-if-paid clauses shift the risk of getting paid for completed wo...
The Dotted Line: New Texas lien laws streamline process, but hurdles remain
The Dotted Line: New Texas lien laws streamline process, but hurdles remain
The Dotted Line: New Texas lien laws streamline process, but hurdles remain
The Dotted Line: New Texas lien laws streamline process, but hurdles remain
constructiondive constructiondive | 1 year ago
Extending lien rights to all tiers of subcontractors is a broader trend that affects other states as well.
Extending lien rights to all tiers of subcontractors is a broader trend that affects other states as well.
The Ultimate Home-Buying Guide: What to Know Before Signing on the Dotted Line
The Ultimate Home-Buying Guide: What to Know Before Signing on the Dotted Line
The Ultimate Home-Buying Guide: What to Know Before Signing on the Dotted Line
The Ultimate Home-Buying Guide: What to Know Before Signing on the Dotted Line
Realiff Academy Realiff Academy | 1 year ago
  Purchasing a homeis a big decision, and it can be overwhelming to navigate the process without proper guidance. Here are some important things to consider when buying a home: Location: The location of the property is crucial, as it can affect your quality of life and property value. Consider factors such as proximity to schools, shopping centers, public transportation, and your workplace. Budget: Determine your budget for a down payment, monthly mortgage payments, and any additional expen...
  Purchasing a homeis a big decision, and it can be overwhelming to navigate the process without proper guidance. Here are some important things to consider when buying a home: Location: The location of the property is crucial, as it can affect your quality of life and property value. Consider factors such as proximity to schools, shopping centers, public transportation, and your workplace. Budget: Determine your budget for a down payment, monthly mortgage payments, and any additional expen...
The Dotted Line: How to include anti-bias clauses in construction contracts
The Dotted Line: How to include anti-bias clauses in construction contracts
The Dotted Line: How to include anti-bias clauses in construction contracts
The Dotted Line: How to include anti-bias clauses in construction contracts
constructiondive constructiondive | 1 year ago
With the recurrence of racist and sexist incidents on jobsites receiving increased attention in the construction industry, contractors have developed playbooks for responding to these events. Included in those policies are site-wide stand downs to review what happened and counsel workers who need support, as well as directives to preserve evidence on site until company officials or law enforcement can investigate. Some companies are also inserting anti-bias clauses and language into contracts wi...
With the recurrence of racist and sexist incidents on jobsites receiving increased attention in the construction industry, contractors have developed playbooks for responding to these events. Included in those policies are site-wide stand downs to review what happened and counsel workers who need support, as well as directives to preserve evidence on site until company officials or law enforcement can investigate. Some companies are also inserting anti-bias clauses and language into contracts wi...
The Dotted Line: Recession fears spur uptick in terminations for convenience
The Dotted Line: Recession fears spur uptick in terminations for convenience
The Dotted Line: Recession fears spur uptick in terminations for convenience
The Dotted Line: Recession fears spur uptick in terminations for convenience
constructiondive constructiondive | 1 year ago
With talk of a pending recession growing louder by the day, owners have increasingly been pulling the plug on projects, attorneys say. While the uptick hasn’t been severe – yet – it has been noticeable by many. “Right now, the termination trend is being driven by cost increases and volatility,” said Jade Davis, a construction attorney at law firm Shumaker, Loop & Kendrick. Jade Davis Courtesy of Shumaker, Loop & Kendrick.   “A lot of people thought stabilizing material costs...
With talk of a pending recession growing louder by the day, owners have increasingly been pulling the plug on projects, attorneys say. While the uptick hasn’t been severe – yet – it has been noticeable by many. “Right now, the termination trend is being driven by cost increases and volatility,” said Jade Davis, a construction attorney at law firm Shumaker, Loop & Kendrick. Jade Davis Courtesy of Shumaker, Loop & Kendrick.   “A lot of people thought stabilizing material costs...
The Dotted Line: 'Carrot and stick' provisions help architects and GCs get along
The Dotted Line: 'Carrot and stick' provisions help architects and GCs get along
The Dotted Line: 'Carrot and stick' provisions help architects and GCs get along
The Dotted Line: 'Carrot and stick' provisions help architects and GCs get along
constructiondive constructiondive | 1 year ago
Come on people, can’t we all just get along? That’s the question that a recent report asks of architects and construction contractors. The American Institute of Architects and the Associated General Contractors of America’s report looked at the supposed conflict between good design versus effective cost management, and why it causes friction between these cohorts. “The ‘hard bid’ relationship is structured to be confrontational,” one architect said in the report. “The architect d...
Come on people, can’t we all just get along? That’s the question that a recent report asks of architects and construction contractors. The American Institute of Architects and the Associated General Contractors of America’s report looked at the supposed conflict between good design versus effective cost management, and why it causes friction between these cohorts. “The ‘hard bid’ relationship is structured to be confrontational,” one architect said in the report. “The architect d...
How Does Facility Management Lead To Cost Reduction?
How Does Facility Management Lead To Cost Reduction?
How Does Facility Management Lead To Cost Reduction?
How Does Facility Management Lead To Cost Reduction?
enviroindia enviroindia | 2 years ago
Facility management is a fairly multi-dimensional process and companies often do not realize the amount of cost-cutting that is feasible within it. The possibility of task automation and the entry of newer technologies in this field have made room for efficient workplaces and smarter budget allocation. Here are a few small, but impactful changes your … The post How Does Facility Management Lead To Cost Reduction? first appeared on Facility Management Company.
Facility management is a fairly multi-dimensional process and companies often do not realize the amount of cost-cutting that is feasible within it. The possibility of task automation and the entry of newer technologies in this field have made room for efficient workplaces and smarter budget allocation. Here are a few small, but impactful changes your … The post How Does Facility Management Lead To Cost Reduction? first appeared on Facility Management Company.
Flint Misses Lead Line Replacement Deadline, But Work Nears Finish
Flint Misses Lead Line Replacement Deadline, But Work Nears Finish
Flint Misses Lead Line Replacement Deadline, But Work Nears Finish
Flint Misses Lead Line Replacement Deadline, But Work Nears Finish
Engineering News-Record Engineering News-Rec... | 1 year ago
Flint, Mich., again missed its court-approved deadline to complete lead water service line replacement, but city mayor says work is now mostly complete despite delays caused by COVID-19, the city council and a former contractor.After a pause in work, the project is currently being led by Detroit-based Lakeshore Global Corp. In August, the Flint City Council voted to award a $17.8-million contract to Lakeshore for line excavation, replacement of any lines with lead or galvanized stee...
Flint, Mich., again missed its court-approved deadline to complete lead water service line replacement, but city mayor says work is now mostly complete despite delays caused by COVID-19, the city council and a former contractor.After a pause in work, the project is currently being led by Detroit-based Lakeshore Global Corp. In August, the Flint City Council voted to award a $17.8-million contract to Lakeshore for line excavation, replacement of any lines with lead or galvanized stee...
Completed Operations: A Contractor’s Guide to Coverage, Cost, & More
Completed Operations: A Contractor’s Guide to Coverage, Cost, & More
Completed Operations: A Contractor’s Guide to Coverage, Cost, & More
Completed Operations: A Contractor’s Guide to Coverage, Cost, & More
levelset levelset | 1 year ago
Who pays for damages caused by faulty work or materials? If a contractor’s work fails after a project is complete, completed operations insurance can help cover some of the expenses. It is sold as an extension to your general liability insurance policy and may be required by the state you work in or the project owner. In this article, we’ll explain how completed operations coverage works, and how it protects contractors and subcontractors. Learn more: The most common types of insurance poli...
Who pays for damages caused by faulty work or materials? If a contractor’s work fails after a project is complete, completed operations insurance can help cover some of the expenses. It is sold as an extension to your general liability insurance policy and may be required by the state you work in or the project owner. In this article, we’ll explain how completed operations coverage works, and how it protects contractors and subcontractors. Learn more: The most common types of insurance poli...