General Contractor should not rely on the Owner’s contract to define the terms and obligations between the Contractor and his subcontractors. Rather, the GC should specifically state any and all of their sub-contractor terms (including payment obligations) independently of the Owner’s obligations to the GC. The Contractor should adhere to those terms independent of what may or may not be happening between the Contractor and the Owner.
Category: Capital Expenditures
Best Practices – Hourly Rates – Are Blended Hourly Rates Favorable for Owner’s?
Our models determined that both parties were at risk using blended rates.
Best Practices – Architectural Services – How to Negotiate Your Architect’s Rates?
Once you have a short list of candidates based on qualifications, (and ONLY then) you can consider price.
Best Practices – Standard Form Agreements – The World’s Equivalent to the AIA
There are a number of organizations around the world that also offer standard construction forms.
Best Practices – Supply Chain Integrity – How to Avoid Spending Your Time Fighting Fires.
Create a pool of suppliers that cover the broad spectrum of services.
Best Practices – Cost Levers – How to Reduce Cost in Construction?
When we consider how to save costs in construction, we are essentially trying to avoid paying extra costs.
Industry Watch – AIA Contracts – Why You May Not Be Able to Close Your Contracts This November.
This latest 2017 edition of the AIA Contract Documents is the sixteenth edition of these documents.
Industry Watch – Alliance Arrangement Models – What are They and How Do They Work
A unique method of creating a legal entity that falls short of forming a Joint-Venture (JV) yet goes further than typical construction agreements.
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.
Industry Watch – PBA Accounts – What are They and Can They Solve Payment Problems in Construction?
PBA’s work like a Trust that holds funds from an Owner as payment to the general contractor.
Best Practices – Why Your Design Build Contracts Are All Wrong!
There are only certain types of suppliers who have the training and legal obligation to look after the Owner’s best interests.
Industry Watch – Construction Lobby Lays Out Plan For 2018 – What They Got Right and What They Got Wrong.
The SEC’s focus on these issues foretells of major changes for construction in the future.