McHenry County Construction Attorneys | Construction Litigation Lawyers, McHenry County IL

In this article, our McHenry County construction lawyers explain Guaranteed Maximum Price construction contracts.  In a GMP construction agreement the contractor will charge the owner a rate based on overhead plus profit or labor, but will set a limit on the maximum cost of the contract.  The contractor bears the rist of the contract being more expensive than projected. We explain common negotiating points in guaranteed maximum price agreements and the ways that contractors can shield themselves from the risk of unexpected events causing the price to run over the guaranteed maximum price.

Read the full article by our McHenry County construction attonreys explaining Guaranteed Maximum Price construction contracts.

In this article our McHenry County construction lawyers discuss the situations in which it is important for general contractors and subcontractors to consult with their business attorneys, including incorporation, hiring of employees and independent contractors, preparation of customer contracts, and contracts with vendors.

Read the full article by our McHenry County construction attorneys explaining the situtions in which you should consult your business attorney.

In this article, our McHenry County construction litigation lawyers explain key clauses in general contractor agreements.  We discuss the importance of specficity in the scope of work and payment provisions of the contract.  We explain deadlines to complete work and litigated damages for delayed completion. We also discuss negotiating points regarding allowances, schedules of values and contingencies.

Read the full article by our McHenry County construction attorneys explaining general contractor agreements.