Construction Law
| Assurance of Owner's Financial Security |
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| An owner's financial security can greatly impact his ability to fulfill his obligations under a construction contract. Most critically, a contractor's payment for materials and services can be jeopardized. For the protection of the contractor, provision can be made in the parties' contract requiring the owner to present reasonable evidence of his financial stability and ability to carry out his duties under the contract. More... |
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| Historic Preservation |
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| "Historic" buildings can be designated as such by various laws and regulations throughout the states, but are most commonly known as those structures that are listed, or eligible to be listed, in the National Register of Historic Places. The Secretary of the Interior has promulgated guidelines for the preservation, rehabilitation, restoration, and reconstruction of historic structures in its Standards for the Treatment of Historic Properties. More... |
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| PERFORMANCE BONDS IN FEDERAL CONSTRUCTION PROJECTS |
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| The Miller Act provides that a general contractor, who enters into a contract for the construction, alteration, or repair of any federal building, which contract exceeds the sum of $ 100,000, shall furnish a performance bond on behalf of the federal government. The performance bond guarantees that the contractor will perform all the conditions of the contract and will pay the government all taxes that are imposed by the government. More... |
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| AN OWNER'S DUTIES IN A CONSTRUCTION PROJECT |
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| In addition to entering into a contract and paying a contractor, an owner has other duties and responsibilities with regard to a construction project. The owner must fulfill these duties and responsibilities in order for the project to be successful. A successful project is one that is completed in accordance with the work schedule and under budget. More... |
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| RISKS IN A PRIVATIZED CONSTRUCTION PROJECT |
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| As with any construction project, there are risks that are inherent to the project. In a privatized construction project, where a public entity seeks to construct, finance, and operate the project with private funds, there are additional risks. These risks become particularly prominent when the project is to be located in a foreign country. More... |
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