Although construction loan documents provide protections in favor of the lender as against the project owner, in this article, Kenneth Block and Stuart Rosen demonstrate the need for the lender to ...

Who doesn’t want to have a detailed and coherent construction agreement in place on every job? It minimizes confusion, makes clear everyone’s respective responsibilities and should reduce disputes.

A model clause addressing climate-conscious waste management practices for a government construction project that government entities may incorporate into their own construction contract forms or ...

It is critical for contractors to understand the insurance requirements in construction contracts, as these projects carry very high levels of liability and risk. Construction involves moving ...

Owners and contractors have two choices for the type of contract and agreement to use: fixed price or cost-plus. Both types of contracts have their advantages and disadvantages, but let's look further ...

A fixed price strategy is an approach where you establish a set price for each customer or client regardless of the actual time and materials used for a project. These types of contracts are common in ...

Those familiar with the construction industry know that construction projects are seldom, if ever, completed within the time originally anticipated at the project’s outset. Fortunately, prime ...

Construction is an industry with a long history that stretches back thousands of years. Over time, the industry developed its own specialized language. Indeed, the “Oxford Dictionary of Construction, ...

Certain construction contractors may be eligible to use the cash or completed-contract method of accounting for regular income tax. However, these taxpayers may also be liable for alternative minimum ...