Executive Summary As a general contractor you can rely on your subcontractor’s bid on bid day as a binding agreement. But not in all states. Read on to learn about protection granted by the Doctrine of Promissory Estoppel. Call Your Attorney I’m not a lawyer, and I...
An Hour’s not an Hour, and it’s Certainly not a Day
Executive Summary There are differences in an hour: a manhour, a crewhour, a 50-minute hour. And an hour’s not a day, so there is another calculation for a manday. Here is a quick explanation of these estimating terms. Definitions There are several ways to estimate...
Legal Word of the Day: Contemporaneous
Executive Summary In a construction matter, the quality of evidence can be as important as the evidence itself. Using contemporaneous information can be invaluable in your legal matter against an opposing party. What is this word, contemporaneous? In layman’s terms it...
Davis-Bacon, OSHA, Jones Act, and Buy American
Executive Summary. A quick background on terms you hear every day in federal construction contracting: Davis-Bacon, OSHA, Jones Act, and Buy American. The terms. Each of the items in the title were introduced by the federal government. Here’s a quick background on...
Equipment – Buy, Rent, RTO, RPO, Lease – Which One???
Executive Summary: Construction equipment is a necessary tool to perform many types of construction work. How to acquire the equipment has a significant effect on the financial aspect of a company. There are many options which should be considered when temporarily or...
Two for Today: Taxes and Fuel
Executive Summary: Do two things today to improve your company: (1) check to make sure you are current on your 940 and 941 taxes and (2) make sure you’re reviewing your fuel bill. Confirm you’re current on your 940 and 941 payments. The federal Form 940 is used to pay...