Negotiating construction contracts is a crucial skill for contractors, design parties, and developers operating in Florida’s bustling construction industry. The ability to navigate these agreements effectively can make the difference between project success and failure. Understand the Importance of Negotiation: Effective construction contracts serve as blueprints for project success, outlining key objectives, requirements, and penalties […]
Tag Archives: Contract Provisions
Consequences of Breaking a Contract
Breaking a contract is a serious matter. It can have far-reaching consequences, including financial losses. If at all possible, it’s essential to try to avoid any breach of contract and work things out amicably first. What Does Breach of Contract Mean? When you sign a contract with someone, you are legally agreeing to specific […]
Resolution to Payment Disputes in Construction Projects
Construction projects often come with unexpected delays, performance issues, and sometimes payment disputes. As the contractor or developer, it’s imperative to deal with payment disputes before the project begins. You can do so by adding specific provisions and protections in the contract to address payment issues before any arise. Mitigating Payment Issues Everyone involved […]
The Unwitting Waiver of Construction Contract Provisions
What may seem to be an iron clad construction contract provision, may not turn out to be that way in practice–it may depend on the performance of the parties to the contract. Construction project owners need to be aware that courts of law may interpret certain actions or inactions by an owner as constituting a […]
Key Provisions in a Commercial Lease – Part II
As discussed in Part I of this series, there are several key provisions that should be given careful consideration by both landlords and tenants in negotiating a commercial lease. Although the terms should be tailored to your specific lease, premise and agreement, here are some key lease provisions in addition to those discussed in Part […]