Skolnick Legal Group, P.C.
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  • Roseland: 973-403-0100
  • Hackensack: 201-430-2400
  • New York: 212-744-9600

construction contracts Archives

Construction contract dispute resolution options

Disputes related to construction contracts or projects in New Jersey might arise because of a lack of understanding of the contract's conditions, a failure to properly administer the terms of the contract or for a range of other reasons. No matter what causes them, contract disputes can be time-consuming and damaging to the relationship between the parties. Contractors and project owners can reduce the chance that disputes will arise by carefully drafting the relevant contracts and paying particular attention to the dispute resolution clause.

New Jersey construction projects on the rise

Construction in New Jersey is on the rise, according to state reports. Among some of the major projects currently underway in Trenton are a new tax agency building, a new health care project and renovations in the State House. The latter project is a significant, 4-year undertaking that is currently engaged in asbestos remediation. The state treasury department is projecting $1 billion in public spending on projects in the capital alone over the coming years, a higher rate of investment than in recent years.

Construction contract payment terms vary

In New Jersey building projects, the construction contract is a binding agreement between the builder and the owner. This contract is designed to control how the job will be performed and how the builder will be compensated. The type of construction contract involved is usually defined by the way disbursements will be made and by other specific details. The four most common types of construction contract are fixed price, unit pricing, time and material and cost plus.

Hoboken luxury development receives funding

A new luxury residential building is going up in Hoboken after the New Jersey project secured a $64 million construction loan from Bank OZK. Called the Wonder Lofts, the project is being organized by real estate investors including Angelo Gordon, Prism Capital Partners and Parkwood Development Corp. When completed, the building will have 89 residential units as well as retail space on Hoboken's popular Clinton Street. The complex will also include a gym, pool, party room, roof deck, grill station and chef's kitchen as part of 10,000 square feet in amenity space.

Valve manufacturer wins LNG contract in New Jersey

News sources report that U.K. manufacturer P.J. Valves has landed a contract for a liquified natural gas contract in New Jersey. The manufacturer will be responsible for building and delivering a number of different types of specialized valves to a major engineering contractor for an LNG modernization project.

Contact Our Construction Law Team Today

We invite you to contact us to schedule a free initial phone consultation today at one of our three office locations. Feel free to call or send our office an email.

Roseland 973-403-0100 | Hackensack 201-430-2400 | New York 212-744-9600

We also handle personal injury matters, and frequently resolve commercial and real estate disputes.

Roseland Office
103 Eisenhower Parkway
Suite 305
Roseland, NJ 07068

Phone: 973-403-0100
Roseland Law Office Map

Hackensack Office
3 University Plaza
Suite 207
Hackensack, NJ 07601

Phone: 201-430-2400
Map & Directions

New York Office
18 East 41st Street
6th Floor
New York, NY 10017

Phone: 212-744-9600
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