When dealing with construction contracts, it's vital to get the language correct to avoid unnecessary and costly litigation.
If you are a Broward County contractor, you may have faced lawsuits related to construction disputes. While some litigation may be unavoidable in this industry, many mistakes can be prevented or corrected before the paper chase begins.
If your Fort Lauderdale construction company runs afoul of federal laws regarding disposal of hazardous waste, it can cost you plenty of money in fines and penalties.
One survey done a few years ago by Kroll's Global Fraud Report indicated that fraud occurs in 78 percent of construction companies. The construction industry also comes in at second place for the highest incidences of physical assets being stolen — 36 percent.
There is no doubt that construction is a hands-on business. If you are a contractor, you are used to striding around a job site wearing a hard hat and a pair of steel-toed boots. Climbing a ladder to inspect a third-story roof is second nature to you. Your idea of hell is sitting behind a desk in some office.
Business negotiations are both an art and a skill. For those in the real estate development and/or construction industries, profits can rise or fall dependent upon the terms of a contract.
If you are a supplier or subcontractor working under a shady contractor and the contractor fails to pay you for goods or services, you may be faced with filing a mechanic's lien against the homeowner's property.
If you are a contractor, you know that even the best intentions can lead to mistakes, and sometimes they can be quite costly to repair. In these scenarios, whose insurance picks up the tab — yours or the homeowner's?
Construction defects can range from issues in the design, planning, furnishing and even inspection of a project. In general, if the builder fails to construct a building or home that meets the needs of the buyer, then there is a construction defect. If litigation results, then the court will most likely place the defects into one of four categories: design deficiencies, material deficiencies, construction deficiencies and subsurface deficiencies.
Sooner or later, every builder or contractor encounter clients who want to play fast and loose with the agreed-upon contracted work. They may ask to add features to completed plans or decide to alter the dimensions of a couple of rooms.