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The following are areas of the construction contract that warrant lender review. Of course, each project is unique and deal-specific aspects of a project should certainly guide the lender’s review.
What Is a Cost-Plus Contract in Construction?. When it's difficult or impossible to estimate the full cost of a construction or remodeling project ahead of time, you might want to work out a cost ...
Additional Considerations One way to offset risks with fixed price construction contracts is to offer price quotes with a range rather than a specific price, such as $12,000 to $15,000.
Brett M. Henson, a board certified construction attorney and partner at Shumaker, recently sat down with the Sarasota Herald-Tribune to discuss what people should know before they sign a contract ...
In their Construction Law column, Kenneth Block and Stuart Rosen examine the concept of "unavoidable delays," i.e., a delay for which the contractor is not responsible and may be entitled to an ...
Whether an arbitration agreement is enforceable is a frequently litigated matter in construction disputes. Federal policy strongly favors arbitration. Typically, the Federal Arbitration Act (FAA ...