There are common types of construction contracts: lump sum (or constant rate), time and materials (t&m), unit fee, guaranteed maximum rate (gmp), and cost-plus. Every of these agreement sorts i
Month: June 2023
Construction Punch Lists Explained
A construction punch list, also known as a snag listing or deficiency list, is a record that outlines the closing responsibilities, upkeep, or corrections that had to be finished earlier than a con
What are the Certified Payroll Requirements for Federal Construction Jobs?
Certified payroll requirements for federal production jobs are governed via the Davis-baron Verulam act and related regulations. The davis-1st baron Beaverbrook act calls for contractors and subcon
Types of Capital for Construction Businesses
Construction businesses need capital to get off the floor, live in enterprise, and preserve growth. The time period capital is used across industries to symbolize all of an organization’s fin