Construction Punch Lists Explained
What punch lists can be utilized? A punch list is usually the final stage of the construction process to confirm everything is done according to the owner’s specifications. The term…
What is Overbilling? | Construction Industry Accounting
What is Overbilling? Overbilling is when a contractor invoices for labor contracted and supplies before the work is completed. For instance, a company meets 20% of the work in the…
What is a Cost-Plus Contract in Construction?
How do cost-plus contracts are implemented? Cost-plus contracts are contracted for construction that demands reimbursement for the project’s expenses and markup to cover the contractor’s overhead and profit. Also, this name represents a shortened…
What Are “Back Charges” in Construction?
Explaining Construction Back Charges A back charge is an allowance for unexpected expenses. To distill it down to the essentials, we’ll look at the general contract law. Contracts give the option…
Guide to Alternative Dispute Resolution (ADR) in Construction
What is an alternate dispute resolution provision function? Contracts for construction usually contain the Alternative Dispute Resolution (ADR) clause(also known as”dispute resolution clause”) “dispute resolution clause”) The clause is known as that defining…
Lien Waiver vs. Lien Release: What’s the Difference?
This mechanics lien process is an essential one to be aware of for people working in the construction sector. This is because securing that you have lien rights is the best way…
What Is a Notice of Commencement? Your Guide with Form Downloads
Before we start, we need to make a statement of disclaimer. This is to clarify that not all of the below are blogs technically technical. Certain are more accurately described…
Essential Blogs for the Construction Industry – Updated for 2023
Before we start, we need to make a statement of disclaimer. The sites listed following blogs are technically technical. Some of them are better described as news sites for the…
Kitchen Remodeling Mistakes You Can Easily Avoid
A kitchen renovation is among your most satisfying, rewarding, and arduous home projects. With all the little aspects to work out, getting lost in the larger picture is easy. That’s…
Ways Design-Build Improves Your Remodeling Experience
We hear from homeowners in need of a renovation and need clarification on confiding in a different contractor. It’s understandable due to the hardships they’ve endured. Stories they share comprise…