Establishing a solid contractual foundation is crucial before embarking on a construction project. Construction contracts lay the groundwork for a successful project, ensuring clarity, protection and a smooth working relationship between the parties involved. However,...
Construction Law
Can you terminate a contractor after substantial completion?
The term “substantial completion” typically appears at least once in any construction contract. It is used to determine a whole host of things. It typically means the same thing in every state. Under Tennessee law, it’s defined as the “degree of completion of a...
The contractor has left the job unfinished. What should I do?
You have a construction or renovation project coming up. So you have identified and paid a contractor. Then halfway through the job, the contractor goes MIA. Now you are stuck with an incomplete project, limited funds and unused materials. What happens next?...
Non-compete agreements in the construction industry
Non-compete agreements have been the subject of a lot of negative press, largely because they’re often used when there’s no legitimate business interest in doing so. They can also restrict people from getting needed employment in the same industry when doing so would...
Contractor and subcontractor disputes often lead to litigation
Some occupational partnerships in the construction industry turn out to be nearly perfect. The contractor and subcontractors share a drive to succeed, communicate well and have similar professional ethics, for example. Other times, the two parties cannot agree on...
How do construction cost overruns happen?
Wouldn’t it be awesome if your construction project was completed on schedule and within the designated budget? While this is every client’s dream, not all construction projects go as planned. One of the issues construction projects run into is cost overrun. But what...
Did you find mold in your home after construction was finished?
You had a dream home in mind so you went ahead and planned to have it built. After many months of working alongside contractors and construction workers, your home was done and livable. You thought, since it was a newly built home, there wouldn’t be any problems – but...
My contractor has abandoned the job: What do I do?
As a real estate investor, you are certainly going to interact with contractors. From constructing new homes and establishments to flipping houses for a living, you will inevitably engage a contractor at some point. However, working with contractors is not always a...
Factors that can hold up your construction project
Construction projects are a core aspect of your business. For these to be profitable, you need to stick to tight schedules and stay within cost margins. Doing this successfully requires careful planning, sound strategies and constant supervision. You’re bound to face...
3 key provisions to include in a construction contract
Construction contracts come in all shapes and sizes. While some are short and precise, others may include tens of sections and provisions. Whether you are a contractor or an investor, there are certain provisions that you must include in a construction contract. Here...