By Bruce Jervis
One of the primary functions of a contract is to allocate risk between the parties. The primary tool for risk allocation in the construction industry is the use of exculpatory language, or disclaimers. There, disclaimers pertain to a variety of risk factors: delay, coordination, inaccurate quantity estimates, physical site conditions, design flaws, etc. ... Read more.
By Steve Rizer
Could the U.S. Green Building Council (USGBC) survive a complete withdrawal of U.S. Department of Defense (DoD) support for the Leadership in Energy and Environmental Design (LEED) program? It is a question that has arisen elsewhere in cyberspace and one that Green Building Insider recently put to USGBC Policy Director Lane Burt, who has some very strong opinions about what would happen under such a scenario, which conceivably could unfold someday, given the ever-shifting nature of federal politics. ... Read more.
By Steve Rizer
About two in every five contractors and project developers responding to a recent survey said they expect to see an increase in profitability over the year due to the use of building information modeling (BIM) applications. The finding is included in a new 114-page report, entitled “Building Information Modeling in the Global Construction Industry 2012: Implementation and Market Trends, Profitability and Budget Forecasts in the Global Construction Industry,” released by World Market Intelligence. ... Read more.