Owner’s who demand the highest standards of care and want to attract the best Suppliers are best served by more balanced contracts
Material volatility coupled with ever increasing labor costs, have made navigating the current market extremely difficult.
As we continue our recovery from the impacts of the pandemic, inflation rates across the globe are on the rise.
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.
Our models determined that both parties were at risk using blended rates.
Once you have a short list of candidates based on qualifications, (and ONLY then) you can consider price.
There are a number of organizations around the world that also offer standard construction forms.
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.