A construction project’s success often hinges on trust and transparency, especially in a cost-plus contract. In this type of agreement, the owner pays the contractor for all project costs—like labor, materials, and subcontractors—plus an additional fee for overhead and profit. This structure is common for projects with an uncertain scope, but it exposes the owner to a significant risk of cost overruns and inflated billing. This is where the owner’s audit rights become indispensable.
Construction Law Blog
Land Development 101: A Developer’s Guide to New York State
New York State presents both significant opportunities and unique challenges for land developers. From revitalizing urban centers to shaping the landscape of its diverse rural and suburban areas, understanding the intricacies of land development is crucial for success. This guide will walk you through the pros, cons, and essential steps involved in developing land in the Empire State.
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Navigating Professional Licensure: A Guide for Contractors, Architects, and Interior Designers in New York and Florida – Part Three
Licensing Requirements for Interior Designers
This is a continuing article series about professional licensing requirements for contractors, architects and interior designers located in New York and Florida. The construction and design industries are fundamental to a state’s infrastructure and residents’ quality of life. To safeguard public well-being, health, and safety, the practice within these fields is rigorously regulated. Professional licensure stands as a critical mechanism for upholding these standards, requiring practitioners to demonstrate competency through a combination of education, practical experience, and successful examination.
Your Contractor Abandoned Your Project – Now What?
Have you ever hired a contractor who disappeared on you? Were you left with a half-completed home improvement project, with feelings of despair and frustration and not a clue as to what your next steps should be? You’re left with unused materials, shortage of capital, and a literal construction site in your home. Unfortunately, this happens to homeowners who hire both licensed and unlicensed contractors more often than you would think. However, there is recourse available. Below we discuss the steps that you can take and actions that you can pursue when your contractor abandoned your project before the construction is completed.
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Federal Laws: Building Blocks or Bureaucratic Hurdles?
The construction industry, a vital engine of economic growth and infrastructure development, operates under a complex web of regulations. While state and local codes play a significant role, federal laws often cast a long shadow, profoundly impacting construction efforts and job creation. In diverse states like New York and Florida, these federal mandates present a fascinating dichotomy: they can both elevate standards and restrict progress.
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Understanding and Preventing Construction Contract Wire Fraud in New York and Florida
From the bustling skylines of New York to the sprawling developments of Florida, the construction industry is a cornerstone of economic growth. Yet, beneath the blueprints and hard hats lies a significant vulnerability: fraud. Particularly insidious is wire fraud, which can silently siphon funds from projects, leaving clients and legitimate contractors in a wake of financial devastation. Understanding the various forms of fraud prevalent in construction, especially in high-activity states like New York and Florida, is crucial for protecting your interests and fostering a more ethical building environment.
Navigating Professional Licensure: A Guide for Contractors, Architects, and Interior Designers in New York and Florida – Part Two
Licensing Requirements for Architects
This is a continuing article series about professional licensing requirements for contractors, architects and interior designers located in New York and Florida. The construction and design industries are fundamental to a state’s infrastructure and residents’ quality of life. To safeguard public well-being, health, and safety, the practice within these fields is rigorously regulated. Professional licensure stands as a critical mechanism for upholding these standards, requiring practitioners to demonstrate competency through a combination of education, practical experience, and successful examination.
Post Contract Signing Considerations For The New York Contractor
Contractors and subcontractors frequently consult with their attorneys in the negotiation of construction contracts before they are signed, but counsel’s involvement generally ends at that point until and unless litigation arises down the road. Nevertheless, additional consultation with attorneys after execution of contracts can ensure that contractors and subcontractors meet their respective obligations and may confer savings that far offset the costs.
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The Methods and Benefits of Sustainable Construction – a Construction21 Article
The Law Offices of John Caravella, P.C. does not own this content. This content was created by Chris Jackson, and was published to Construction21 on 2/11/2/21. To view the full article, please click here.
The construction industry is one of the most prominent consumers of minerals and natural resources by its very nature. The need and significance of sustainability in construction have become a debated topic due to the growing concerns over global warming and the finite nature of resources. This conventional truth caused increased pressure on construction firms to reduce their environmental impact.
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Mastering Contract Management in Construction: A Business Owner’s Guide
This article was written by guest blogger Suzie Wilson.
Contracts form the backbone of any construction business, establishing clear, effective communication and understanding between parties. They ensure that every project’s details are agreed upon, protect your interests, and help avoid conflicts. Understanding how to manage these documents efficiently is critical for success in the construction industry. This article, presented by The Law Offices of John Caravella, P.C., explores several key areas to enhance your contract management skills.
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