New Year Forecasting
- LEGAL, Legally Speaking, Outlook & Trends
- September 24, 2024
By Timothy Woolford, Woolford Law, PC The good news for subcontractors is that the economy is beginning to take off following the Covid shutdown. The bad news, however, is that interruptions in the global supply chain and shortages in construction materials are causing delays and driving prices to all-time highs. The Wall Street Journal recently
READ MOREBy Benjamin S. Lowenthal, Hendrick, Phillips, Salzman & Siegel A subcontractor’s reputation is often among its most valuable assets. Embodying a subcontractor’s reputation is its brand. A subcontractor’s brand allows a subcontractor to distinguish itself from competitors, signify the consistent quality of its work, and create important goodwill with contractors, owners, and customers. Given the
READ MOREBy Joseph M. Kanfer, Esquire, Woolford Kanfer Law, P.C Buy-sell agreements are an important part of planning for subcontractors as well as other small businesses. A buy-sell agreement controls when and how owners of a company may sell their interests in the company to each other and to third parties. Buy-sell agreements can be used
READ MOREBy Bruce E. Kauffman, Esquire and Brad E. Kauffman, Esquire It was a very difficult and upsetting ride home for me from a recent meeting with a subcontractor client, his wife, and their certified public accountant. The company, a specialty subcontractor, is involved in two separate lawsuits in which it is owed two hundred thousand
READ MOREby Mark A. Cobb, Cobb Law Group As a construction law firm we are accustomed to preventing clients’ problems through developing good contracts and implementing better business practices. We are also accustomed to helping solve immediate, critical problems such as payment issues and pending lawsuit claims. But, when it comes down to a better way
READ MOREBy Don Gregory, Kegler, Brown Hill & Ritter “Bid shopping” occurs when a general contractor discloses the bid price of one subcontractor (or suppliers) to its competitors in an attempt to obtain a lower bid than the one on which the general contractor based its bid to the owner. Put another way, bid shopping occurs
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