A Certificate of Occupancy (CO) is an essential document in the construction industry that ensures a building complies with local regulations and is safe for occupancy. It is a legal document issued…
Tag: construction contracts
Waiver of Subrogation in Construction
In the complex world of construction projects, various legal and insurance terms play a critical role in mitigating risks and ensuring smooth operations. One such term that often arises is the Waiver…
What is a Cost-Plus Contract ?
In the construction industry, selecting the right contract type is critical for ensuring a smooth and transparent project. One such contract, gaining popularity for its flexibility, is the cost-plus contract. This arrangement…
Construction Bidding : Steps involved
In the construction industry, bidding is a critical process where contractors compete for projects by submitting their cost estimates and plans. Itβs the key to determining which contractor will carry out the…
Types of Construction Contracts
In the construction industry, contracts serve as the foundation for successful project execution. They outline the responsibilities, expectations, timelines, and payment terms for all parties involved. Choosing the right type of construction…
5 Tips for Negotiating Construction Contracts
Navigating the world of construction contracts can be challenging, especially for those new to the construction industry. These contracts form the backbone of any project, defining the roles, responsibilities, and expectations of…
SOR : Documenting construction Rates
When we talk about construction projects, big or small, there’s a ton of planning, budgeting, and coordination involved. Ever caught yourself wondering how these projects manage to keep everything straight, especially when…
The RA Bill:Streamline Payments
In construction projects, efficient financial management is crucial for smooth operations and successful project completion. At the heart of this process lies the RA Bill, commonly known as the “Running Account Bill.”…