| Bidding on Public Contracts |
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| For public construction projects, competitive bidding is utilized to obtain the best price for the work required from a responsible contractor. Although specific bidding procedures vary by locality, the essential character of the process remains the same. In a nutshell, the successful bid will generally be the one that is submitted by a responsible contractor for the lowest price and that is most responsive to the project specifications outlined by the public entity. More... |
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| Site Plan Approval |
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| Site plan approval is a significant hurdle that developers commonly face in the construction process. Without such approval, developers usually cannot obtain a building or occupancy permit. To gain approval, developers must demonstrate in the site plan review that the proposed construction project meets all the applicable zoning requirements. More... |
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| Bankruptcy of Owner and its Ramifications on Construction Project |
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| When the owner of a construction project files for bankruptcy, all participants on the project will feel the effects. Usually, the owner will seek to complete the project utilizing the bankruptcy tools at his disposal. Owners reorganizing under Chapter 11 can assume beneficial executory contracts or unexpired leases and reject others. More... |
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| A CONTRACTOR'S RIGHT TO FINISH EARLY IN FEDERAL CONSTRUCTION PROJECTS |
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| A contractor in a federal construction project can save money if it completes the project earlier than the completion date that is set forth in a contract. The contractor may have a claim against the government for damages if the government interferes with the contractor's completion of the project prior to the completion date. Although the contractor has a right to finish the project early, most construction contracts with the federal government do not contain clauses regarding early completion. More... |
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| Construction Loans |
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| For the most part, an owner or developer of a construction project will finance the construction through a lender rather than paying the costs for planning, designing, and building the structure out of their own pocket. Following is a brief description of various loans that can be associated with a construction project. More... |
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