Many contractors who do work in the greater Nashville area and surrounding counties will probably need to rely on subcontractors to do much of the work on a building, residential home or other project that the contractor has been awarded. When things go well, this...
Rise in material costs causes increase in prices of new homes
The residential housing market has almost always experienced inflation from one year to the next. 2021 may be different: the price of building materials, especially lumber, has caused the cost of new homes to rise sharply in Nashville and elsewhere in the United...
Is a verbal construction contract legally binding?
There’s a lot at stake in a construction contract. Clearly defined terms of these agreements can dictate the obligations of all parties involved, which can have a profound impact on costs and timeliness. As we’ve discussed previously on the blog, change orders can...
How can construction contractors make sure they are paid?
In Tennessee, when there is an agreement between a contractor and a property owner, both sides will have the same goal: to complete the project as specified. Obviously, the contractor will want to be paid for the work and receive what was specified in the contract....
3 things building contractors should know about retainage
As a building contractor, you may need up-front payment to buy building supplies, pay workers or secure permits. Your clients, though, may feel uneasy about paying fully before the project is complete. After all, they may believe there is some chance you may skip...
Contract review is important for real estate developers
Nashville area developers have many different details to consider when writing a contract. They have to determine what the property will cost, what they will need to do to make a profit, what protections they have if something goes wrong, etc. These questions can be...
Clarity and proper wording are construction contract essentials
Gone are the days when approval for a building project began with just a handshake. Today a well-worded, clearly written construction contract that contains key clauses is essential to begin projects on the right foot and avoid disagreements and possible legal...
Common construction disputes can delay projects
Those involved in the Tennessee construction field understand that there are always delays in construction projects. No matter how well a project may be moving along, a construction dispute can arise at any time. There are several common construction disputes in...
Consider this when dealing with change order issues
A lot of unexpected things can crop up during the course of construction. Materials can be delayed, the weather can make work impossible, and newfound environmental or structural issues can require additional work, costs, and time. While the contract regarding the...
Understanding mechanic’s liens
When a buyer and seller are going through the process of transferring ownership in real estate, one of the most important steps they must take is to ensure the title to the property is clear. If they find that a third party has a legal interest in the property, it can...
