In the Legal’s Construction Law supplement, read about changes to the American Institute of Architects’ standard forms, the GDPR and how it will affect construction companies and CASPA changes.
The American Institute of Architects’ (AIA) standard form construction contracts are among the most widely used form agreements in the construction industry.
With many experienced contractors hard at work with established developers, young developers, therefore, have to evaluate the risk of hiring an inexperienced contractor versus an experienced one who is very busy.
The changes signed into law will go into effect on Oct. 10—120 days after it was signed—and further clarify certain aspects of CASPA which were left unanswered in the original legislation, often leading to disputes between parties as they negotiated contracts for a project or proceeded with work once it was underway.
On May 25, 2018, the European Union (EU) General Data Protection Regulation (GDPR) took effect. This law makes significant changes to European data privacy and security requirements for companies dealing with individuals located in the EU (whether they are citizens, immigrants, or visitors at the time their data is collected).
Measure twice, cut once. It’s a carpenter’s motto reminding us that it is better to spend a little more effort up front to be certain about what we’re doing than to have to spend time, money, and energy trying to fix a mistake after the fact.
Construction is a risky business. Construction contracting is an exercise in dealing with risks by allocating them among the various project participants. Most construction contracts contain terms and conditions that shift the risk of nonpayment from the owner downstream to the subcontractor.
The Trump administration’s imposition of tariffs on steel and aluminum products entering the United States has been the subject of a great deal of discussion, debate and analysis. Much of the debate focuses on the purpose of the tariffs, their effect on the U.S. economy, and what retaliation other countries may take in response.
Arbitration is a streamlined dispute resolution process, with limited discovery, that often leads to the swift and equitable resolution of disputes. Arbitration provisions can also act as a sword and a shield for the corporations that include these provisions in their employment agreements and other contracts.