Construction agreements come in many flavors, most of which are variations on two major themes ” “fixed price” (or lump sum) contracts and “cost-reimbursable” contracts. Understanding the basic themes ...

Construction contracts are essential in the construction industry, governing the relationships and responsibilities of all parties involved in a project. Whether you’re a contractor, subcontractor, or ...

We recently released a book titled “Home Remodeling for Dummies.” Chapter 10 is about construction contracts. It begins: “What literature about contracts would be complete without some mention of the ...

A fixed price strategy is an approach where you establish a set price for each customer or client regardless of the actual time and materials used for a project. These types of contracts are common in ...

The purpose of a construction contract is risk management. As any construction professional knows, the construction business is inherently risky. There are three main types of loss in any construction ...

Before starting any home renovation project, legal experts say homeowners should take the necessary legal precautions to avoid costly disputes. That starts with a solid construction contract. “A ...

(Editor's note: This is the second of a two-part series on residential construction contracts. Part one ran on Oct. 1.) Drafting a contract is never fun. Reviewing one is often even less entertaining.

We recently released a book titled "Home Remodeling for Dummies." Chapter 10 is about construction contracts. It begins: "What literature about contracts would be complete without some mention of the ...

This is the second part of a two-part article dealing with the most common provisions in construction contracts and the important aspects of each provision. As a reminder, the purpose of a ...