What You Need To Know About Colorado Senate Bill 15-177: Reasonable Construction Defect Reform
Colorado Senate Bill 15-177 is a bill introduced in 2015 that amends the state’s 2001 construction defects law. The bill is intended to protect builders and developers from class-action lawsuits that can arise from construction defects claims. Lawmakers are hopeful that the bill will encourage developers to build more affordable condos in the state. The
Don’t Fall For The “Pay-If-Paid” Clause In Construction Contracts
Are you a subcontractor who has been handed a contract with a “Pay-If-Paid” clause? Wondering what it is or what to do about it? As the economic pinch continues, clauses like this are becoming more and more common in contracts between general contractors and their subs. They are a way for the general contractor to
7 Tips For Preventing Disputes When Writing A Construction Contract
1. Get It In Writing The most basic advice of any contractual relationship is to get it in writing. A written contract, signed and dated by both parties, is your best insurance against being taken advantage of or losing out on money you are due. Numbers 2-6 below should all be included in a written
5 Reasons You Need a Contract Attorney
There are many reasons for consulting with a contract attorney. Here are our top 5. Attorneys will understand the nuances of the law and make sure the written documents memorialize the intent of the parties. They can protect the client’s interests against the other party, if, for example, one party is overreaching on some aspects
Piercing The Corporate Veil
Many legal protections are available to protect stockholders, investors, business leaders and business owners from liability related to operating a business. One of these protections is the ability of an owner to form a corporation or limited liability company (LLC). Although corporations and LLCs are designed to protect the owners from personal liability for business
Why A Construction Lawyer Is Your Best Choice For Legal Representation And Assistance
Many construction professionals don’t realize they have options when it comes to hiring an attorney to represent them or their business. Similar to the construction industry itself, there are many different areas of legal expertise and specialty across the field of law. Fortunately, for construction professionals, construction attorneys exist to help them manage their business’s
What Are My Legal Responsibilities As A General Contractor?
General contractors have many responsibilities during every project. From coordinating supplies, delivery and laborers to meeting permit requirements and customer demands, all while ensuring the project moves forward according to plan, the responsibilities are varied. Yet, each one of these responsibilities plays an important part in the success of the project. Somewhere in that tangle
What Is The Colorado Construction Trust Fund Statute?
Many contractors and construction professionals want more information about the Colorado Construction Trust Fund and how it affects them. Briefly, the Trust Fund is designed to ensure subcontractors, material suppliers, rental companies, construction laborers, and others who have contributed value to a construction project get paid what they are due. What The Colorado Trust Fund
Commercial General Liability (CGL)
Colorado Construction Insurance Matters Today’s construction companies and design professionals understand how vital it is to carry insurance. The most vital type of Colorado construction insurance is commercial general liability insurance, or CGL coverage. CGL coverage is a blanket coverage option that can be considered to include anything not specifically excluded from it. Contractor construction
Colorado Construction Liability: Products Liability
Most forms of Denver, CO construction liability center around a single construction project. One of the few exceptions is products liability. Denver, CO construction liability covers products which are faulty or dangerous to the people who use them. When a toxic chemical or harmful product is accidentally released and consumers experience injury, either directly or
