Create a pool of suppliers that cover the broad spectrum of services.
When we consider how to save costs in construction, we are essentially trying to avoid paying extra costs.
This latest 2017 edition of the AIA Contract Documents is the sixteenth edition of these documents.
A unique method of creating a legal entity that falls short of forming a Joint-Venture (JV) yet goes further than typical construction agreements.
Using PBA's will require significant adjustments and all parties will need to rethink how they operate.
PBA's work like a Trust that holds funds from an Owner as payment to the general contractor.
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.
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.