Amazon’s decision to open a new headquarters in New York has drawn praise and criticism, and this week the project’s critics were able to voice their concerns.
Amazon’s decision to develop two new campuses, ending a yearlong bidding war from cities across the continent, has the potential to have a huge impact on the commercial and residential futures of the metropolitan areas the company chose. One of those is our own New York City.
If you get into a dispute with a construction contract, you likely don’t want the matter to end up in court. It costs time and money, and it keeps you from getting more work done.
After you agree on the scope of a project, sign a contract and complete the work, you have a fair expectation to be paid based on the terms of the agreement. Sadly, this is not always the case. In many cases, the people who hired you to complete a job don’t prioritize your payment.
Non-residential construction appears to be booming in New York City as residential construction takes a back seat.
A construction contract outlines all aspects of the job for all parties and governs the process to ensure everyone’s needs are met. As a result, every detail – even the smallest ones – needs to be reviewed before the contract is signed.
This week, September 24-30, marks the annual Work Green Building Week, which aims to motivate and empower us all to deliver greener buildings. The event is promoted by the World Green Building Council (WGBC), which also produces an annual report with key statistics on green building space and policy changes around the world.
Most contractors working on public projects, and even some private projects, are familiar with surety bonds. This contract is between the obligee, or the recipient of the obligation; the principal party, who will pay for the contracted obligation; and the surety. It is a promise by the surety to pay the obligee if the principal fails to meet their obligation.
As the new school year begins and the students’ future needs are assessed, it may seem like the right time to consider a remodel or construction project. Districts may be more comfortable working with professionals who understand their unique needs in education.
Contract disputes can be a headache, and it’s not why you got into construction in the first place. You entered this industry to do the work and do it well.