Is this really fair? Does a trade contractor, scrambling for work, have the leverage to freely negotiate the assumption of the risk of owner nonpayment? In a competitive bidding market, is it realistic to say that the sub’s bid price includes compensation for the assumption of that risk? As always, I welcome your comments.
In next week's issue of Construction Claims Advisor:
- Sub Failed to Protect Itself against Proprietary Specification
- Ohio Supreme Court Addresses Recovery of Bid Preparation Costs
- Claim Was Invalid due to “Approximate” Mark-Ups
Bruce Jervis, Editor
Construction Claims Advisor