Business & Finance
Articles related to starting, running and growing a construction business. These articles focus on providing information that will help you understand the very basic legal requirements and strategies concerning your construction firm.
As a contractor, you probably use the same types of materials as your competitors do … so how can you differentiate yourself? Service! Build it better and serve your clients better. You will come out on top. This may seem so simple, yet very few contractors really do things better than their competitors. So what are 5 simple ways that can double your income?
Colleges and universities, and their athletics teams, are widely recognized and have a large number of loyal fans and graduates. To capitalize on this notoriety, many post-secondary institutions have developed extensive merchandising and trademark licensing programs. A brief visit to a university bookstore reveals an incredible breadth of “team merchandise,” ranging from clothing to housewares.
When prices of construction materials fluctuate wildly as they did with steel in 2004, a question naturally arises in specialty contractors’ minds: Are we entitled to get any price adjustment to our fixed-price contracts if major material prices go up too much? The unsatisfying answer to this question is: It depends.
Anyone considering an offer of early retirement from a private-sector employer had better read the fine print. Whipsawed by the questionable economy and the rising cost of health care, more companies are reserving unilateral rights to terminate the health-benefit plans of retirees.
Increasing general liability insurance premiums and rising construction defect claims has led many construction owners to re-evaluate not only their insurance coverage but also their risk management practices.
Construction performed for public entities is a staple source of work for the construction industry. These projects, however, are often times regulated by state and federal law, and can present significant challenges and additional expenses to general contractors. One such example is statutory bonds.
Increasing general liability insurance premiums and rising construction defect claims has led many construction owners to re-evaluate not only their insurance coverage but also their risk management practices.
There are many different sources of liability in the construction industry, thus it is essential that contractors and construction managers work together with insurers to ensure the right type of coverage from the start to end of any project.
In the current economic landscape, many project participants are filing bankruptcy. For the practitioner, the intersection between construction law and bankruptcy may be unfamiliar. This article discusses the common problems encountered and practical considerations that arise when a construction project participant files bankruptcy.