by Gaurav Mehrotra | Jan 15, 2021 | Payment, Podcast, SJCC
Executive Summary The word “incidental” is common to the construction industry and it can be damning if you’re not careful. Understand what you’re committing to when you enter that unit price in the bid proposal when it requires “all incidental costs be included”....
by Gaurav Mehrotra | Sep 25, 2020 | Contracts, Podcast, SJCC
Executive Summary Contract interpretation can be difficult for a construction professional. Contracts are comprised of thousands of words and hundreds of paragraphs. Consider “contract mapping” to help quickly guide you through a contract. Give me numbers, not words....
by Gaurav Mehrotra | May 8, 2020 | Cost Controls, Podcast, SJCC
Executive summary. Most traditional bond rates have two variables in their cost: the contract value and the time threshold. Do not forget to include both in time extension negotiations. What’s in a bond rate? The bond rate from your surety agent comes in two parts:...
by Gaurav Mehrotra | Sep 6, 2017 | Estimating, Invoicing, Management, News, SJCC
Executive Summary: Contractors too often allow their subcontractors to commence work without a fully executed subcontract. A contract between the two parties can be binding even without a signature. Learn from this June 2017 case in Hawaii how a contract can be formed...
