“Adjacent” or “Virtually Adjacent” Under the Davis Bacon Act – What Every Contractor and Surety Professional Should Know
Posted: April 2, 2021 | Legal
On federal and federally funded projects, contractors and sureties face a multitude of potential wage-related liabilities. However, contractors and sureties may limit this potential exposure by developing a thorough understanding of the Davis Bacon Act (the “DBA” or the “Act”) and its requirements. The Act, which applies to federal or federally-assisted contracts in excess of $2,000 for construction, alteration, or repairs, requires contractors and subcontractors to pay laborers who are “employed directly on the site of the work” locally prevailing wages and fringe benefits for corresponding work on similar projects in the area.
The ConsensusDocs Coalition has announced the industry’s first standard contract document to address one of the most important and growing trends in the design and construction industry – prefabricated construction. The Modular Building Institute (MBI) as well as individual volunteers active in the National Institute of Building Sciences (NIBS), Off-Site Construction Council, have been working with ConsensusDocs for two years with industry leaders to offer a standard prefabricated construction contract document. MBI recently joined the ConsensusDocs Council as result of the successful work conducted by the working group. The new ConsensusDocs 753 Standard Prefabricated Construction Contract addresses the most common use case scenario of prefabricated construction in which a constructor, general contractor, design-builder, or Construction Manager contracts with a prefabricator to fabricate a component off-site that is later installed on a project worksite.
Tthe ConsensusDocs Coalition is publishing eight newly revised performance and payment bond forms. Today’s comprehensive revisions further ensures that ConsensusDocs the most up-to-date and best practice performance and payment bonds in the industry.
Posted: August 14, 2020 | Legal
In green building projects, every detail matters, and specifying those details in construction contracts provides a clear road map for reaching green building goals, whether it’s calling for certain sustainable materials, adhering to a project timeline, or earning U.S. Green Building Council’s LEED certification.
Posted: July 10, 2020 | Legal
There is a tremendous amount of uncertainty in the construction industry due to the COVID-19 pandemic. Schedules, productivity, safety processes, and seemingly everything else are being affected.