By Bri Souder, Marsh McLennan Agency It’s finally arrived. The final day of your project is here, and now you can celebrate and look forward to other projects on your list. Of course, the construction industry is not always that simple. While you and your team have completed the project, that doesn’t mean the risk
READ MOREClaire Wilson, Head of Construction, Siteline The construction industry is no stranger to unexpected challenges. From unpredictable weather conditions to supply chain issues to workforce shortages, there is no limit to what can impact a project’s timelines and scope. To mitigate these risks—and reduce your chances of encountering delays, cash flow issues, and disputes—a construction
READ MOREOn May 19th, the Texas Supreme Court ruled unanimously in favor of Pepper-Lawson Horizon International Group and against Texas Southern University. The American Subcontractors Association supported a friend-of-the-court brief on behalf of Pepper-Lawson last year, seeking an appeal on a decision that held that an entity could not be sued for prompt payment violations because
READ MOREBy Karalynn Cromeens, Cromeens Law Firm, PLLC I remember the first subcontract I ever read as a baby attorney. My exact thoughts were this thing is so bad you are better off burning it than trying to fix it. It was so one-sided in the general contractor’s favor that it would be easier to start
READ MOREBy Jordan Pavlus; Byrne, Costello & Pickard, P.C. Contract review is one of the most tedious, yet important, aspects of subcontracting. Contractual terms determine project schedule, payment rights, claims processes, dispute resolution, and so on. Virtually all of a subcontractor’s legal and equitable rights are determined and affected by the contract. Like other aspects of
READ MOREBy Patrick Hogan, handle.com Contracts can significantly impact construction projects’ profitability, and complacency can lead to wasted resources–even revenue loss. Many fail to be conscientious about reviewing contracts for various reasons–they may have been working with the same client for several projects now, or they’ve never had issues with their templated contracts, so they don’t
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To educate and equip subcontractors and suppliers with the knowledge and resources they need to thrive in the construction industry. Additionally, FASA raises awareness about issues critical to and about construction in the United States.
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