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by Reed F. Morris: Contractors, subcontractors and suppliers often face the matter of collecting outstanding construction receivables. Maintaining cash flow and relationships requires a delicate balance, and because the overall goal of your work is revenue, a regular part of a contractor’s business, unfortunately, is examining steps and procedures for payment claims. 1. Trust Your Gut. …
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by Reed F. Morris: The parties are in a standoff over whether the change is necessary, allowable, proper, or fairly priced. Change order risk and bargaining position come into play and the Colorado contractor is guided by its past experience, judgment, and gut. At this point in the project you are dealing with the contract…
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By Reed F. Morris: Q: Are “No Damages for Delay” clauses enforceable in Colorado construction contracts? A: Yes, they are. Q: Even with such a clause in the contract, can Colorado contractors still recover for delays? A: Yes, they still can! This post outlines the Colorado construction contractor’s delay claim and the proof necessary under…
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Indemnification Provisions in Construction Contracts: An Overview of Enforceability in all 50 States May 27, 2016 Is the Indemnification Provision in your Construction Contract Enforceable? – 50 State Analysis May 27, 2016 Craig T. Watrous View Bulletin Visit our Construction Practice
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By Reed F. Morris Our subcontractor clients often do not see a construction project from start to finish as their role is a discrete subset of the work. Subcontractors typically understand their specific job well and accept the rest, but often the subcontract’s most important terms are dictated by the project documents and the relationship (good…
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