Luis Gile's Blog

Project Bank Accounts – New Project Accounting Contractor’s will Hate but Will Protect them from Insolvency!

Using PBA's will require significant adjustments and all parties will need to rethink how they operate.

Owner's will begin to see the value and one day, managing a project in any other way will seem impractical.

PBA's work like a Trust that holds funds from an Owner as payment to the general contractor.

Tania and I will be addressing the topic of Artificial Intelligence and Cognitive technology in procurement and construction.

There are only certain types of suppliers who have the training and legal obligation to look after the Owner's best interests.

The SEC's focus on these issues foretells of major changes for construction in the future.

You should bear that in mind and recognize that your payment is always a form of reimbursement.

The category knowledge that these tools will draw from to generate their insights currently resides with guys and gals like me.

Unit pricing tends to rise as the scale of the project reduces.

When your buying power is limited, joining forces with another organization may represent a win for all parties.

Rip and Tear clauses establish the Architect's liability to pay for costs that the Owner may incur.

The court found that Foster failed to “identify requirements and possible constraints" and "confirm key requirements and constraints”.