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Commentary – Owner Financing Clauses in Construction Contracts Are Not Boilerplate
Most owners overlook this construction contract risk In a recent contract review, I found a redline that should concern every owner, project manager, and procurement professional. The contractor had taken the owner’s obligation to provide evidence of financial arrangements and turned any breach of that clause into a material breach. That is not a small…
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Industry Watch: New York’s Retainage Law Exposes a Bigger Owner-Side Blind Spot
Prompt payment laws rarely come up, until they’re violated. That was my first reaction reading New York’s latest retainage amendment. I’m not surprised by the law itself. I’ve been writing about prompt payment acts around the world for years. What struck me was how many standard construction contracts are likely out of compliance under this…
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Industry Watch: AI in Construction Disputes Is Only the Beginning
The construction industry rarely moves first with new technology. It waits.It watches.Then it adopts, carefully, and usually late. That’s why a recent announcement from the American Arbitration Association’s International Centre for Dispute Resolution (AAA-ICDR) deserves attention. Not for what it solves today, but for what it signals next. AI is no longer staying on the…