Posted by Karl Silverberg | Sep 12, 2023 |
Owning a construction firm can prove very profitable, but it also leaves you at a near-permanent threat of legal action. There is so much that can go wrong in construction, much of it outside your control. What's more, some people are very bad at communicating their wishes clearly so you can do e...
Posted by Karl Silverberg | May 10, 2023 |
Whether you are a contractor or subcontractor, no one likes to see the clause in a construction contract commonly known as “No Damage For Delay.” This clause protects a party to the contract – often the owner of the project or a contractor hiring a subcontractor – against damage claims for situat...
Posted by Karl Silverberg | Apr 13, 2023 |
You've been in the construction industry for many years, working your way up from the ground until you were able to form your own company and become your own boss.
Setting up your own business has many benefits, such as being able to choose your own projects, team members and business partners. ...
Posted by Karl Silverberg | Feb 16, 2023 |
As a contractor, you know that it can be difficult to get people to pay for your services. In fact, some construction companies will demand payment upfront in order to get around this. But many people want to only make a down payment upfront, or they may even be looking for companies that will ac...
Posted by Karl Silverberg | Sep 13, 2022 |
We have addressed the importance of vetting your construction associates before entering into a contract or formal agreement. Since disputes with subcontractors often lead to construction litigation, proper vetting can help you avoid such problems.
You may already know how critical it is to inter...
Posted by Karl Silverberg | Sep 06, 2021 |
If you are working in construction as a business owner, then you know that there will be times when your client wants you to speed up a project. If that happens, then you may be asked to pay extra to the construction team to get the job done sooner.
If you receive an acceleration claim, then you ...
Posted by Karl Silverberg | Oct 29, 2020 |
In construction, surety bonds are designed to manage the three-way agreements between the surety provider, the principal (usually, the contractor) and the obligee (often the owner of the property or the general contractor). When everything goes as planned, the bond is voided. When things go awry,...
Posted by Karl Silverberg | Aug 27, 2020 |
When you supply materials or perform labor for a homeowner who's remodeling their property or someone that's building a new house, you expect to be paid in full for the value of the goods or services you provided. Unfortunately, both individual homeowners and companies providing construction and ...
Posted by Karl Silverberg | May 26, 2020 |
If you're a contractor in New York working a construction project for a property owner who hasn't paid, you need to consider some of the possible remedies available for you to see that these debts are collected. One of the main debt collection tools available to you is filing a mechanic's lien.
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