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Patent construction defects are fairly obvious from the very beginning, which can make for a straightforward case if there is a dispute. A homeowner may enter their new property and realize that the construction company put in the wrong type of flooring material, for...
Change orders are extremely common. A significant percentage of construction projects diverge from the original scope. Work can be added, reduced or substituted. For example, unforeseen site conditions can call for additional excavation. Or a project owner can remove...
One thing that can derail a residential real estate transaction is a title defect. It is very important to look into potential title issues in advance. They can often be resolved upfront to help the process go smoothly. But what types of title issues should you be...
Finding a foundation crack or a major leak is a nightmare for any homeowner. Whether you just moved into a custom-built property or an existing residence, you need a solution. The path forward often begins with one question: Who is responsible for this damage? When...
When a supplier agrees to extend credit on a construction project, they take on real financial risk. Before delivering materials or services without upfront payment, suppliers often review several factors to decide whether the customer is likely to pay. Many credit...
Construction contracts often include protections that help ensure project completion and quality work. One of the most common protections is “retainage.” This provision lets the payer hold back part of a payment until the project meets certain conditions. Retainage...
No two construction projects are alike. Therefore, no two contracts should be alike. The terms of a contract need to consider the parties involved, the scope and type of project and much more. There are at least five leading types of construction contracts. Here we’ll...
Contractors must ensure that every project they work on uses suitable materials and has workmanship that meets required standards. When either of those doesn’t happen, there is a chance that the contractor may face construction defect claims. Construction defect...
Sellers listing their real estate for sale have many different options available. Some list their own properties without the assistance of an agent in a for-sale-by-owner transaction. Others hoping to close quickly might list the property in as-is condition. An as-is...
As a business owner, you are looking to purchase new real estate to expand your operations. You know that whatever property you buy will need extensive renovations, so you have been talking to construction companies to get the job underway. You are going to invest a...
