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Are you looking to secure your first government construction contract? Discover how small businesses can successfully navigate government contracting, stand out from the competition, and achieve big wins with the right strategies and effort. Visit our blog for more insights. #GovernmentContracts #SmallBusinessSuccess #ConstructionOpportunities #ContractSuccess

Expert Insights On Construction Contracts: The Ultimate Guide

This is the fifth blog post in a six-part series about an owner’s duty to coordinate and cooperate on multi-prime #construction projects. The purpose of this series is to provide awareness of the owner’s duties along with case examples on the subject. This post provides a case example of an owner’s unreasonable interference on a multi-prime construction project, which resulted in a contractor’s recovery of its increased costs. #contractors #constructionlaw #constructionmanagement #constructionindustry #constructionprojects

Construction entities have to evaluate transactions through the unified five step approach (Ever since Topic 606). Learn how to determine the transaction price, and estimate variable consideration in construction contracts, on our blog.

Construction entities have to evaluate transactions through the unified five step approach (Ever since Topic 606). Learn how to determine the transaction price, and estimate variable consideration in construction contracts, on our blog.

Construction entities have to evaluate transactions through the unified five step approach (Ever since Topic 606). Learn how to determine the transaction price, and estimate variable consideration in construction contracts, on our blog.

I am posting to seek and share the knowledge of fellow members in this platform. Construction program: One EPC Contract was awarded to a contractor to construct three underpasses including approaches and service roads. Contract duration was 550 days. As an obligation, initially, the Contractor submitted a construction program where he planned to execute all the underpasses simultaneously. Further, planned to execute misc. items like road marking, sign boards, street lighting etc. in the project (in all the three underpasses), at the end for 3 months which is general practice. However, the Client had failed to handover the site in one of underpasses and it was handed over to the Contractor just before original completion period for which the Contractor was eligible for EOT of 6 months. However, certain misc. works were pending in other two underpasses But, there were no other hindrances in other two underpasses. The Contract says “EOT will be allowed to affected works only”. Now, if the delay is included in program, completion is getting extended by 9 months (6 months for underpass + 3 months for misc. works in all the three underpasses as per original program). Practically, as there were no hindrances in other two underpasses, they should have completed within time and extension can only be allowed for a period of 6 months for hindered underpass. This is also in line with the Contract. A question poses, how a construction program is binding to client? Is it for Contractor’s “internal “purpose only? Is it the obligation of contractor to execute the works as per its program submitted which mere a plan? Interestingly, in Balfour Beatty Construction Ltd v. The Mayor and Burgesses of the London Borough of Lambeth (2002), the court said “In determining an extension of time, the ‘foundation’ should be the original programme, subject to justification and substantiation of its validity and reliability.” Amit Kathpalia, MRICS, FIE, FICCP, Sr PE,

With government construction spending soaring to $476 billion in 2023, a nearly 25% increase from the previous year, now might be the time to explore federal contracts. Read this article, then contact our specialists to kick the tires on government contracting. #ConstructionCPAs #GovermentContracts #ConstructionOpportunity

Construction entities have to evaluate transactions through the unified five step approach (Ever since Topic 606). Learn how to determine the transaction price, and estimate variable consideration in construction contracts, on our blog.

With government construction spending soaring to $476 billion in 2023, a nearly 25% increase from the previous year, now might be the time to explore federal contracts. Read this article, then contact our specialists to kick the tires on government contracting. #ConstructionCPAs #GovermentContracts #ConstructionOpportunity