Extending payment terms is not without consequence and we must be informed on these risks in order to make a sound decision.
Tag: Contractors
Market Watch – How Procurement Can Become a Strategic Partner and Mitigate Supply Chain Disruptions
As we continue our recovery from the impacts of the pandemic, inflation rates across the globe are on the rise.
Best Practices – Sourcing Suppliers – The Top 7 Places Where you Can Source Suppliers.
In this article, I share the top resources I use to ensure each of bid ends with at least three qualified bidders.
Industry Watch – How A Demolition Contractor Outsmarted The City of Ottawa.
Under this agreement, the land still belongs to the Township, but the operation is the responsibility of Tomlinson.
Industry Watch – Ebert Construction – How Greed and Mismanagement Brings Down One of NZ’s Largest Builders.
Subcontractors like Hardware Direct were being exercised by Ebert right up until the day the announcement was made.
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.
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.
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.
Case Study – A Hotel That Costs too Much!? – Architect Pays Developer For Expensive Design.
The court found that Foster failed to “identify requirements and possible constraints” and “confirm key requirements and constraints”.