lawyers.com - Untitled 13

"Substantial Completion" of Construction Contract

Once a construction contract has been substantially completed, the owner is liable to the contractor for the final payment on the contract price. The contractor must prove "substantial completion." Thereafter, the burden shifts to the owner to...

ROAD DESIGN IN SUBDIVISIONS

Subdivision plats are required to set forth the layout for the streets in the subdivision. The streets may be public or they may be private roads. If the streets are public, the subdivision plat must determine whether...

Cost-Plus Contracts

A cost-plus construction contract generally obligates the owner to pay for the costs associated with the construction project and a fee for the contractor's services on the project. The contractor's fee can either be fixed or based on a...

Bankruptcy Law - Effect of Bankruptcy on Construction Project

When a general contractor, subcontractor, or supplier cannot pay its debts in the ordinary course of business and files for bankruptcy, there can be substantial ramifications to the construction project. The completion...

Corporate Identity as Contractor's Protection Against Liability

When an individual contractor faces liability for, as an example, construction defects, he may suffer severe personal losses. If the contractor's business is operated as a partnership, he and his partner's individual assets, not just those assets...