A recent discussion on LinkedIn centered on the tendency of Clients (Owners) and General Contractors to hold payments for completed work for as long as they can. This is especially hurtful for smaller companies.
Will the use of new forms of agreement such as the Integrated Project Delivery Agreements by the AIA and ConsensusDOCS change this trend? We’ll see.
It’s about people and trust – regardless of the form of contract that we work under on construction Projects.