When an owner or a developer decides to begin a construction project, a contract must be created to outline the terms and scope of the project. There are different types of construction contracts that establish the parameters of the job and that assign risk in various ways. Some contracts put more risk on the owner, while others involve the builder assuming the potential for losses caused by cost overruns. Both owners and builders/contractors need to understand the terms of any agreement that they enter into and need to ensure that the terms are reasonably advantageous and protective of their interests. An experienced Las Vegas real estate lawyer can provide essential information to parties entering into a construction contract. Pinter Albiston can advise you on the different types of construction contracts so you can choose the best form for your project. One option, for example, is called a guaranteed maximum price construction contract. What is a Guaranteed Maximum Price Constru
Posted on: Thu, 23 Oct 2014 10:04:38 +0000
Trending Topics
Recently Viewed Topics
© 2015