The construction business is a complex field. Aside from meeting your client’s demands, having a cost-effective management strategy helps generate profits. However, there will always be unforeseen events that could cause delays, affecting your construction project’s...
Construction Contracts
What are the common causes of payment disputes in construction?
In the construction industry, payment disputes are all too common. When contractors complete their work, they naturally expect due payment. However, various disagreements may arise, leading to delays and strained relationships. Sometimes, it may even lead to potential...
5 key elements of a construction contract
A well-structured contract ensures a successful and mutually beneficial partnership between the parties involved in a construction project. To safeguard the interests of both the contractor and the client, it is important to include several key elements in the...
Understanding the construction bidding process
The bidding process is important to obtain construction services and to make sure that a project is completed on time and on budget with a reputable contractor. However, occasionally there are bid disputes that need to be resolved between the project planner and the...
How can a contractor collect the money they are owed?
When a contractor performs work, they expect that they will be paid in full before moving on to the next project. However, there are common reasons a contractor may not be paid as well as options to address it. Common issues Contractors may have a dispute with their...
3 ways to settle payment disputes
As a contractor, getting payment on time is not always easy. When buyers do not make their payment deadlines, it can create a headache that can keep you from finishing the work. Construction dispute resolution is one way to ease the aggravation of legal action over...
3 benefits of alternative dispute resolution
Business disputes that go to trial are lengthy and expensive. This makes alternative dispute resolution a way for your company to save time and money. The state does not require two parties to use ARD to avoid a court case. However, New Jersey has the Alternative...
Should your construction contracts have timing clauses?
When discussing details for even a minor construction project, it can be difficult to ensure all parties are on the same page. After all, seemingly plain-language words might mean something different to you, your suppliers and your customers or clients. According to...
A guide on fixed-price construction contracts
Fixed-price construction contracts are a popular type of contract used in the New Jersey construction market. They are designed to provide a high degree of certainty to both the client and the contractor regarding construction project costs. What a fixed-price...
Outlining the scope of work in a construction contract
When you perform construction work for someone else in New Jersey, it is important that your client’s expectations align with your ability to deliver. The “scope of work” is the part of a construction contract that details the work you are going to perform. A strong...