In recent years, California has experienced the worst wildfires in its history, devastating the state and setting record-breaking highs. In just 2018 alone, the wildfires across California took 106 lives and burned more than...more
5/29/2019
/ Competitive Bidding ,
Construction Contracts ,
Contract Drafting ,
Contract Terms ,
Delay Claims ,
Emergency Rule ,
Federal Contractors ,
Loss Mitigation ,
Loss Prevention ,
Natural Disasters ,
Procurement Guidelines ,
Public Contracts ,
Public Procurement Policies ,
Public Projects ,
Wildfires
Fixed-price contracts are well-known among contractors. These agreements seem simple — they do not allow the contract price to be modified after the award unless the parties expressly agree. But is it really that simple? In...more
Firm fixed-price contracts seem like a simple concept in practice — agreements that do not allow for the modification of the contract price after award without an express agreement between the parties.
Originally published...more
The court’s decision allows subcontractors to place unforgiving terms in their bids and gives them an ultimate out if general contractors do not agree to those terms.
General contractors should pay attention to a...more