Mike Schmaltz
Finance and Commerce, August 2010
Within a contract, parties make commitments to one another for goods or services in exchange for payment. As projects and the commitments became more complex, construction contracts reflect this reality. It is not unusual to see the terms of a contract spread out among numerous contract documents.
Subcontractors know that provisions can flow-down for the prime contract, but not all subcontractors know how potent flow-down can be. For example…Click here to read more