New York Construction Contracts Need to Cover All Bases

Staying legal in the New York construction contracting business begins with licensing. New York State licenses only asbestos contractors. But that doesn’t make licensing a trivial issue in New York. Cities and counties in New York are free to require a license for any type of construction activity. And many municipal governments do exactly that. For example, New York City licenses home improvement contractors. A word to the wise. Don’t sign a contract or begin work without a license. New York State may be a little casual about licensing of contractors. But New York courts are ruthless in enforcing licensing laws. Where a contracting license is required, unlicensed contractors may have no right to collect for work completed.But even if you don’t need a license, New York State jumps with both feet into your construction contracts. You need to know about several statutes.If you do commercial work, New York General Business Law § 756-a supplies any key terms omitted from you contracts or subcontracts. If you don’t cover payment dates, validity of invoices, grounds for disapproval of an invoice, grounds for stopping work or construction delay, or several other topics, the legislators in Albany step right in to fill the gap.How thoughtful! But that’s not enough. New York General Business Law Section 756-b sets penalties for violation of Albany’s contract terms – maybe not want you wanted at all. Better that your contracts reflect what you intend rather that what Albany prefers. It’s easy to keep New York Business Law 756-a out of your contracts. Just be sure your agreements cover all the bases.New York General Business Law, Section 771 is even more explicit on what has to be in residential construction, home improvement and home repair contracts.
(1) The name, address, telephone number and license number, if applicable, of the contractor.
(2) The dates when work will begin and be completed, including any contingencies that could delay completion.
(3) A description of the work including makes and model numbers
(4) A disclosure in bold type that subs and suppliers have lien rights.
(5) A notice to that contractor has to deposit payments in a trust account or supply other security for payment of sub contractors and suppliers.
(6) A progress payment schedule by job phase in dollars and cents.
(7) A 3-day right to cancel.
For technical violations, the penalty is $100. For substantial violations, the penalty is the greater of $250 or 5% of the contract price up to $2,500.
New York General Business Law, Section 771 also requires the same information in every amendment to a residential construction, home improvement and home repair contract. That makes for some real lengthy change orders.

Construction Franchise – A Franchise For Those in the Trades

The construction industry took a big hit when the recent economic crisis hit the United States. Fortunately, it looks like the worst of it is over and businesses are starting to get on their feet. The need for construction businesses is growing, and it’s never been a better time to start a construction franchise.Whether you’re a tradesman looking to branch out on his own or a former business owner who’s ready to get back in the saddle, opening a construction franchise is an excellent way to begin working for yourself. You can own your own business, but benefit from the experience and reputation of others who have gone before you.Whether you’re a tradesman or a general contractor, you must first decide whether you want your franchise to be focused on a specific trade or whether you maybe want to leave the door open for other services and expansion in the future.And tell your friends, family, and people you’ve worked with in the past about your new construction franchise. It’s a great way to get references to possible clients, as well as possible employees. Maybe some of your old coworkers are dissatisfied with their current jobs and would love to come and work for you.Before you get started, though, make sure that you’ve got all of your financial ducks in a row. You’re going to need to pay franchising fees, hire employees, and rent out a space for your new construction franchise. Set a budget for your business and stick to it.You’ll also need to make sure that you’ve got enough money saved up to support yourself while you’re waiting for your construction franchise to take off. Make sure you have enough to last you a good, long while; you never know how long it’s going to take, and you just can’t rush success.Your investment in your construction franchise is more than just money, though. You’re also going to have to invest time and effort. It’s going to take a lot of hard work and sacrifice to make your business a success, but it’s possible if you do your best.Whether you want to build offices, new homes, or even just work on remodeling and renovating old homes, there is plenty of demand now for all of these industry niches. With a good understanding of the industry and a little hard work, your construction franchise is sure to give you plenty of return on your investment.

Building Construction Tenders Offers Great Opportunities

Summary – Construction tenders including building construction tenders offer great opportunities for achievement of long term goals. Construction is an important part of all types of economy irrespective of their status. It is an ongoing process bridging the existing gaps. However the pattern has undergone a lot of change from the past. Instead of huge manpower, most of the tasks are accomplished using machines. Construction industry has undergone revolutionary changes with the coming up of internet and bids are mostly placed online today. While the reputation and past records of the bidder counts, it would be good making a little homework about the requesting company since tenders on building constructions involve huge investments.Construction tenders, especially building tenders could be the real opportunity that the entrepreneur might be looking for achievement of long term goals set by him. In any economy; developed, developing, or under-developed; construction industry plays an important part. Winning building construction tenders can open the avenues for further business promotion in the most convenient manner.Construction Industry Features
Basic features of construction industry are as follows.
It is an ongoing process aiming at making structures.
Structures bridge the gaps between multiple locations, zones, and countries.
Unlike the past when construction works involved huge manpower mobilization, most part of the works is now automated with the use of machineries.
A couple of major wings of the construction industry are civil construction, and the industrial constructions.Evolution of Building Construction Industry
Over the past few decades there have been some major changes in the construction industry as whole and building construction industries in particular. Emphasis has been shifted from decorative appearance to the qualities and time span. This does not mean that attractive appearance no more counts; but the trade off cannot be with quality and speed. That is why it is extremely important to come up with very well presented as well as professionally drafted building tenders to win the bid.Internet Revolution
Internet has completely revolutionized the commercial world today and with it the process of bidding for construction works has also undergone major changes. Days of head to head interaction for bidding and winning tenders are long over and the companies are now going in a large way using Internet for the purpose of responding to construction tenders. Especially for global and international tenders, it is the easiest and most comprehensive method around. Also finding out the information on such global prospects becomes easier with internet, the repository of all information. Electronic responses have now acquired universal recognition globally and widely accepted method of bidding for tenders.Experience and Record Counts
Aspirant bidders on large building construction tenders should bear in mind that more than anything else their past records and experience will count in winning the bid. Bid proposal should be comprehensively prepared providing company profile in brief highlighting important achievements of the past. Submission of proposal in time and use of right language is important as well.Since constructions, especially those global in nature, involve huge investments, it would be good conducting a little homework about the reputation of the requesting company before bidding for the project.