This had the net effect of holding back the Contractor’s entire fee as a guarantee that they would complete the work.
Be sure that when you move into contracting, you have a firm understanding of how your contract is structured.
Everyone from Laborers to Architects have a fundamentally principle duty to ensure everyone on a construction site is safe.
If you must go down this path, be aware of how these shortcuts impact you.
Despite alignment on quoting these costs separately, there still seems to be little to no consistency.
This process occurs before the contractor presents an invoice.
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.
The project provided the revitalization it was meant to, but the path it took was fraught with frustration.
These list are unwritten and never published, but this practice is alive and well in construction circles everywhere.
Johnston is so focused on procurement that he has completely overlooked the rest of the findings.