Considering Withholding Contractor Payment? Know the Risks
Most construction contract Owners have been faced with a perceived lack of performance by their contractor, and subsequently been faced with the choice of whether to withhold monthly payment. If the owner is a state or federal government entity, prompt payment laws almost certainly apply. Private contracts are generally exempt from such laws, but not always: states like Vermont have prompt payment laws covering all construction contracts. Check your jurisdiction to confirm.
No Simple Answer: Tips for Responding to an RFI
In the Transmission and Distribution construction industry, communication is key for the success of any project. One essential way we communicate is by a document called a Request for Information, or RFI. This document is used to formally request and answer important questions that come up during a project.
"What Revision is That?" 3 Tips for Better Document Control
Today’s technology has made communication on construction projects infinitely more convenient than ever before. We have become accustomed to real time information; we receive information about issues and incidents almost instantly, even on our construction projects.
Why You Should Develop a Risk Management Plan
Planning Risk Management may feel time-consuming during the beginning phases of a project, but the evidence shows it pays off immensely throughout the project lifecycle. According to the Project Management Institute, high performers in Risk Management meet their project goals 2.5 times more often and waste 13 times less money than low performers.
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