Design & Construction Procurement Best Practices
This article will give an overview, but stay tuned for the next few articles where we will take each one and provide a more detailed look.
Despite alignment on quoting these costs separately, there still seems to be little to no consistency.
The business lessons I got from Joseph will stay with me much longer.
One of the strategies for maximizing the value of capital is to extend payment terms.
Every year the American Institute of Architects hosts a 3 day conference, This year the AIA conference was held in Las Vegas.
This process occurs before the contractor presents an invoice.
Contractors and Owners alike tend to treat close-out with lax and even dismissive regard.
Substantial completion is the single most important date of any project.
A lien is a legal document that imparts ownership onto a third party until a specific debt is paid.
In other words, they made payments to the contractor without knowing what these payments were for.
Johnson is out $170,000 and has liens from subcontractors that weren't paid.
As I was moving off of the topic, I was asked to elaborate on why, design professionals are better than GC's.