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Owners and contractors involved in large-scale construction projects face unique challenges, including drafting a contract that places the parties in a fair position if problems arise. In contracts for construction projects, multiple areas can be vitally important, such as intellectual property, change order rights, limitations of liability, liquidated damages, and insurance. Somewhat overlooked, however, …
Construction in the United States is big business and large construction projects in the U.S are always happening. The industry employs over seven million workers and creates almost $1.3 trillion worth of structures every year. Construction truly is the engine that powers the U.S. economy.
Construction has been one of the slowest industries to adopt technology. I think this is partly cultural – folks in the industry like to solve problems with their own ingenuity. Many firms are still family-owned, and there’s still a lot of reverence for tradition. Finally, this is an industry with thin margins, where the …