Great advice for contractors re: the inclusion of price escalation clauses in contracts, particularly in today's environment with so many delayed projects and supply chain issues.
#construction#constructioncpa
https://t.co/FMDYydG0GO
A sound practice is to periodically meet with your attorney to make sure you understand current lien laws in all jurisdictions in which you work. Lien laws are very specific.
#construction#constructioncpa
https://t.co/mmHYVKuQkI
In my experience best-in-class contractors have their attorneys read contracts--prior to signing them--to identify high risk provisions such as waiver of consequential damages.
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https://t.co/MXxajmiG6C
I've seen some pretty troubling things with contractors who thought they had specific risks insured and found out they did not. It really is beneficial to work with someone who really understands the industry.
#construction#riskmanagement
https://t.co/Hs50kRDNmn
Training using VR is not only going to help improve the effectiveness of training, but also will improve the effectiveness of recruiting young talent to the industry.
#construction#contech
https://t.co/vvdEHwpPaG
Timely job costing is like air. You don't always think about it when you have it, but you don't you miss it very, very quickly.
#construction#constructioncpa
https://t.co/nveHqNCJMh
Fascinating...perhaps materials science will be the next wave of tech innovation in construction.
https://t.co/rtgjz7r3eG
#contech#construction#constructioncpa