Construction Law
| TYPES OF WARRANTIES IN CONSTRUCTION CONTRACTS |
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| A warranty is a representation or a promise that a certain fact is true. The two types of warranties in construction contracts are express warranties and implied warranties. Express warranties are representations or promises that are specifically set forth in a construction contract. Implied warranties are representations or promises that are imposed on a contractor by operation of law. More... |
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| INSURANCE ISSUES IN CONSTRUCTION DEFECT CASES |
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| Contractors usually protect themselves from liability to third parties by purchasing general liability insurance policies. General liability insurance policies protect the contractors from damages for accidental bodily injury or for property damage. Most general liability insurance policies contain exclusions for damages as a result of the contractors' own work or products. More... |
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| AN OWNER'S DUTIES IN A CONSTRUCTION PROJECT |
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| In addition to entering into a contract and paying a contractor, an owner has other duties and responsibilities with regard to a construction project. The owner must fulfill these duties and responsibilities in order for the project to be successful. A successful project is one that is completed in accordance with the work schedule and under budget. More... |
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| Bid Bonds |
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| Bid bonds serve to guarantee that the bidder who is awarded the contract will actually enter into the contract or pay damages for his refusal to do so. Most commonly required for public construction projects, bid bonds can provide a measure of security for owners and general contractors. Generally, the bid bond will secure the payment of money damages, either actual or liquidated, in the event that the contractor defaults in his obligations. More... |
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| Valuation of Extras and Changes |
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| Often during a construction project, the contractor will be called upon to either perform work according to a modification of the construction contract or perform extra work that was not called for in the original contract. However, the compensation that the contractor will receive pursuant to such change or extra work will not always be determined at the outset. More... |
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