Executive Summary: Some parties may require their own review of your financial reports before doing business with you. The two documents of interest to these parties are the income statement and the balance sheet. The major items they’re looking at are briefly...
Divisional Separation: Pure Crap
Executive Summary: Companies lose money and affect reputation by divisive behavior between divisions. Work to make this better by improving morale, efficiency, and the bottom line. How it goes. You’re a member of a successful construction company. You work in the...
I See Claims…
Executive Summary: Construction is a litigious business. Often times the signs were right in front of you from day one. Pay attention and look for the behaviors of the parties that often indicate inevitable dispute and possibly a claim at the end of the job. See 20/20...
Proposal Terms and Conditions
Executive Summary: Submitting a clear and concise proposal is an important step in getting the project off on the right foot. An ambiguous proposal welcomes dispute. Be complete in the listing of terms and conditions in your proposals. What are terms and...
Construction Contract Review Basics
Executive Summary: Each day we hand contracts down to our subs or we are signing contracts down from Owners or General Contractors. Know some of the basics of what to look for here. What is and when will I ever use a Contract? A contract is a laying out of the...
Dead is the Handshake
Executive Summary The “Steel Team” composed of fabricator and erector joined together to sue the owner and general contractor for failure to pay on changes. The “right” parties appeared to win, but they paid dearly. The Project and Players The project was the Ascent...