Contractors learned many lessons from 2020-2022 on material/labor availability, price escalation, and contractual allocations of risk. Prudent contractors will consider this in contracts moving forward....more
7/28/2022
/ Construction Contracts ,
Construction Liens ,
Construction Project ,
Contingency Plans ,
Contractors ,
Federal Funding ,
Labor Shortage ,
Material Suppliers ,
Price Inflation ,
Stop Work Orders ,
Supply Chain ,
Tax Incentives
On July 17, 2019, the Supreme Court of Ohio announced a major victory for the Ohio construction industry in the ongoing battle over whether Ohio’s construction statute of repose, R.C. 2305.131, bars claims for breach of...more
This decision is a major victory for Ohio contractors and their sureties. The Fifth District Court of Appeals of Ohio issued a recent decision confirming that Ohio’s construction statute of repose, R.C. 2305.131, applies to...more
5/14/2019
/ Appeals ,
Breach of Contract ,
Construction Industry ,
Defense Strategies ,
General Contractors ,
Motion to Dismiss ,
Public Works ,
School Districts ,
Statute of Repose ,
Surety Bonds ,
Suretyships
Steel and other construction material tariffs necessitate careful evaluation and allocation of project cost and schedule risks. For example, when steel costs increased suddenly based solely on presidential executive orders,...more
5/3/2019
/ Bids ,
Construction Industry ,
Construction Project ,
Contract Terms ,
Cost Allocation ,
Default ,
Force Majeure Clause ,
Material Suppliers ,
Request for Proposals ,
Right To Cure ,
Risk Allocation ,
Risk Mitigation ,
Steel Industry ,
Subcontractors ,
Tariffs ,
Transaction Costs ,
Written Notice
While electronic funds transfer is considered a convenient and quicker way to process payments and receive funds on construction projects, this practice presents significant risk to project participants. Contractual and...more
5/1/2019
/ Bank Accounts ,
Construction Industry ,
Construction Project ,
Contract Terms ,
Electronic Fund Transfer Act ,
Email ,
Fraud ,
Fraudulent Wire Transfers ,
Payment Processors ,
Phishing Scams ,
Popular ,
Property Owners ,
Risk Assessment ,
Risk Mitigation ,
Theft