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What is ‘General Conditions’ in a Construction Contract: Key Components Explained

Building Radar

Understanding the term “”general conditions”” is crucial for all parties involved. These conditions lay the groundwork for how a project will be managed, defining the responsibilities and expectations of both the client and the contractor. What Are General Conditions?

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Contract Law in Construction Projects: Key Legal Considerations

Building Radar

Contract law is a fundamental aspect of construction projects, ensuring that all parties involved have clear, enforceable agreements. Understanding the key legal considerations in construction contracts can help prevent disputes, manage risks, and ensure successful project completion.

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What is ‘Construction Management at Risk (CMAR)’: Understanding the CMAR Delivery Method

Building Radar

Construction Management at Risk (CMAR) is a project delivery method that has become increasingly popular in the construction industry due to its unique approach to managing risk and ensuring project success. Understanding Construction Management at Risk (CMAR) What is CMAR?

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Alliance Contracting in Construction

Job Order Contracting

Alliance Contracting in Construction provides a real opportunity for the consistent delivery of quality repair, renovation, maintenance, and new build project on time and on budget. It a relationship characterized by risk/reward sharing and a no blame/no-disputes framework, and full financial transparency.

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Construction Risk Management: How to Reduce Top Construction Risks

Autodesk Construction Cloud

How to Manage Risk in Your Construction Project. According to The Construction Industry Institute , there are about 107 construction risks you should consider when managing a project. Regardless, a solid risk management strategy is critical to the security of your company and project.

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#136:  Fixed Price vs. “Cost Plus” Contracts: Some Considerations

NH Construction Law

When contracting parties agree to a fixed price or lump sum amount for a defined scope of work, the contractor is generally obligated to build that scope of work for that price regardless of what it costs him to do so or what unmentioned obstacles he may face. A measure of trust is accordingly essential in fixed price contracts.

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From Zero to Hero: Construction Risk Management

Safety Services Company

IS YOUR BUSINESS EFFECTIVELY PRIORITIZING CONSTRUCTION RISK MANAGEMENT? Truth be told, every industry involves risk. Ever-present risks can delay or completely derail investments. With that said, construction risk management should be a priority for your company. WHAT IS CONSTRUCTION RISK MANAGEMENT?