Liquidated damages are stipulated in construction contracts in order to compensate the project owner for the contractor’s late completion of the work. The establishment of the daily rate can be somewhat murky and controversial. The legal standard, seldom applied in practice, is that the daily rate should be a reasonable forecast of the costs the owner will incur in the event of late completion of the project.
Webinar on Understanding the Risks and Obligations
Involved in the Preparation and Review of Shop Drawings
The construction industry, non-conforming shop drawings can create problems for everyone - prime contractors, subcontractors, construction managers, architects, engineers, manufacturers, suppliers and their attorneys. It takes a savvy AEC professional to navigate the shop drawing submittal and review process.
The U.S. Green Building Council (USGBC) has achieved the Platinum certification of its new Washington, D.C., headquarters -- making it the first project to certify under the latest version of the LEED green building rating system.
Field BIM: Using BIM to Improve Processes & Productivity
Wednesday, September 2nd * 1:00 (EDT)
Building information modeling (BIM) is the future of the construction industry. WPL Publishing and Construction Project Controls & BIM Report will present BIM Strategies: Leverage your Organization for Growth and Profit -- a four-part webinar series to help AEC professionals leverage BIM to grow their businesses and cash in on this evolving technology.
The $787 billion stimulus package has now been in play for almost six months. With the funds set to expire on Sept. 30, 2010, contractors are asking, “Where’s the money?” And just as importantly, they want to know how they can get a piece of the action. WPL Publishing went looking for the answers and presented them in a two-part webinar series on the stimulus program, officially known as the American Recovery and Reinvestment Act of 2009, or ARRA.