A well-drafted contract is the cornerstone of a successful construction project.
For those who are involved with multimillion-dollar construction projects, it’s common to run into events that might trigger expensive and time-consuming litigation.
Such litigation can be costly, emotionally challenging, and take what feels like an eternity to reach a resolution which none of the parties are happy with.
The stakes are even higher when parties have the funds to engage in seemingly endless litigation, which results in a life changing lawsuit that might have a permanent impact on those involved.
Whether it is a high-end new from the ground up residential estate, a high-end residential remodel, or commercial construction or renovations, it’s wise to have a well-crafted construction contract to cover all the aspects of the project to protect your interests.
If the project involves a “new from the ground up” multimillion-dollar residential estate, or a new or renovated commercial building, there is a greater range of flexibility for the parties to draft their own contract terms, in the way that they would like.
However, if the project involves renovations to an existing residence, both multimillion-dollar renovation projects and small residential tasks in excess of $500 may require the parties to meet the strict obligations in California’s home improvement contract regulations.
There are requirements for the use of specific terminology for home improvement contracts, some of which can be customized and some cannot, making it extremely important for homeowners and contractors to utilize a contract that adheres to these regulations.
Protect your business. Get a skilled attorney who can help with the many facets for the construction project, including: